Mangaluru: Two arrested while selling drugs to students at Surathkal beach
Surathkal: Mangaluru Police on Friday arrested two people who were allegedly trying to sell MDM Drugs to the students near Surathkal Light House and Beach on a public road here in Suratkal.
The arrested accused have been identified as Mohammed Muzammil (40), a resident of Surathkal’s Krishnapura and Mohammed Sharif (40), a resident of Jokkabettu.
According to the reports the accused were selling MDM drugs at Surathkal Beach and Light House in a white car since Thursday morning. Working on a tip-off Special Crime Branch team raided the spot and nabbed the accused.
The raiding team seized 11 gram of MDM drug worth Rs. 30, 000/-, a white colour car worth four lakh rupees, cash Rs. 10,950 and four mobile phones from the two accused.
A case in this regard has been registered at Surathkal Police Station.
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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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