Man in Puttur held for illegal sale of MDMA; police team finds 14 gm MDMA during raid of his house
Puttur: In an incident reported from Kemminje village here, police have arrested Muhammad Mustafa, a Kabaka-based man, for allegedly attempting to sell narcotics.
Mustafa (36) is learned to be residing in a rented house near the Mukrampadi Kammadi saw mill in Kemminje village.
Puttur Town Police Sub-inspector Janardana KM led the team that raided Mustafa’s house on receiving information that he was selling MDMA. The police team reportedly found 14 gram narcotics stored illegally for sale.
A case has been filed against the accused by Puttur Town Police under NDPS Act Section 109/2025 Col 8(C), 22(b). The officers are Investigating the matter further.
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Rupee falls 9 paise to all-time low of 90.58 against US dollar in early trade
Mumbai (PTI): Rupee depreciated 9 paise to an all-time low of 90.58 against US dollar in early trade on Monday, weighed down by uncertainty over an India-US trade deal and persistent foreign fund outflows.
Forex traders said rupee is trading with a negative bias as investors are in wait and watch mode and awaiting cues from the India-US trade deal front.
At the interbank foreign exchange market, the rupee opened at 90.53 against the US dollar, then fell further to an all-time intraday low of 90.58 against the greenback, registering a fall of 9 paise over its previous close.
On Friday, the rupee had slipped 17 paise to close at an all-time low of 90.49 against the American currency.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.05 per cent lower at 98.35.
Brent crude, the global oil benchmark, was trading higher by 0.52 per cent at USD 61.44 per barrel in futures trade.
On the domestic equity market front, the 30-share benchmark index Sensex was trading 298.86 points lower at 84,968.80, while the Nifty was down 121.40 points at 25,925.55.
Foreign Institutional Investors sold equities worth Rs 1,114.22 crore on Friday, according to exchange data.
"FPIs continue to be in selling mode in equity and debt while RBI has been selling dollars to fund their long positions," said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP.
