Karkala: Girl among 2 graduates held for circulating fake currency
Karkala, Sep 20: Two business management graduates from Davanagere, including a girl, have been arrested by Udupi district police on the charge of circulating fake currency notes with a face value of Rs 200, police said.
They printed currency on their own after learning from tutorials on YouTube and purchased a printer through online for the purpose.
Chethan Gowda (23) and his girlfriend Arpita P Navale, both belonging to Davanagere, were held on Wednesday.
According to police, they had started to print fake currency notes and using it from the past 45 days.
An SUV, a printer and materials used for printing the fake currency have been seized from the accused, the police said.
Their luck ran out after an alert shopkeeper grew suspicious about a note, approached a bank to verify the currency and then informed the Karkala police.
Police found out that the accused have used at least 200 fake currency notes in various places.
The two were produced before the court which remanded Chethan in police custody and Arpita in judicial custody, the sources said.
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Rupee gains 20 paise to 93.15 against US dollar in early trade
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Mumbai (PTI): The rupee recovered 20 paise to 93.15 against the US dollar in early trade on Wednesday, backed by lower levels of crude oil prices and a weak American currency amid hopes of resuming US-Iran peace talks.
Investor sentiment turned positive after US President Donald Trump said that a second round of talks with Iran could be held "over the next two days".
The latest remarks, which came days after the two sides failed to reach a peaceful resolution to the conflict in West Asia, led to a sharp decline in crude oil prices, boosting the risk appetite for market participants, forex analysts said.
At the interbank foreign exchange market, the rupee opened at 93.19 against the US dollar and gained further, trading at 93.15 against the greenback in early deals, up 20 paise from its previous closing level.
On Monday, the rupee weakened by 52 paise to settle at 93.35 against the US dollar. The forex market was closed on Tuesday on account of Baba Saheb Ambedkar Jayanti.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was marginally higher by 0.04 per cent at 97.95.
Brent crude, the global oil benchmark, was trading 0.57 per cent up at USD 95.33 per barrel in futures trade.
On the domestic equity market front, the stock markets witnessed a steep surge in the morning trade. The 30-share Sensex jumped 1162.04 points or 1.51 per cent to 78,009.61, while the Nifty climbed 348.65 points or 1.46 per cent to 24,191.30.
Foreign Institutional Investors were net sellers on Monday and offloaded equities worth Rs 1,983.18 crore, according to exchange data.
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