Police raid house in Byndoor, confiscate illegal supply of firecrackers worth Rs 4 lakh
Kundapur: Byndoor Police seized firecrackers worth Rs 4 lakh from a house in Kanchikan of Uppunda, Byndoor taluk, on Wednesday, after the locals complained that the resident of the house, Dattatreya Shet, had an illegal stock of firecrackers.
Shet had been selling firecrackers during Ganesh Chaturthi and Diwali festivals for several years. The locals told the Byndoor Police that Shet has stocked up firecrackers without official permission, following which, the officers conducted the raid on Shet’s residence on Wednesday.
ALSO READ: Padubidri: Couple crossing NH 66 in Mulooru hit by private bus; husband killed on spot, wife injured
The police found a variety of crackers in Shet’s house, including gelatin sticks, which were stocked up illegally. The confiscated crackers are estimated to be worth more than Rs 4 lakh.
A case has been filed at the Byndoor Police Station and the officers are investigating the matter further.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Rupee falls 7 paise to 90.96 against the US dollar in early trade
Mumbai (PTI): The rupee fell by 7 paise to 90.96 against the US dollar in early trade on Tuesday, weighed down by a rise in global crude oil prices and a stronger greenback.
A poor start to the domestic equity markets further pressured the local unit, but FII inflows provided support, preventing a sharp fall, forex traders said.
At the interbank foreign exchange, the rupee opened at 90.91 against the US dollar and slipped further to 90.96, down 7 paise from its previous close.
The rupee gained 5 paise to settle at 90.89 against the US dollar on Monday.
"The Reserve Bank might be intervening to keep the rupee away from 91.00 levels, but the buying will itself allow it to go beyond 91.00 levels," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.11 per cent higher at 97.81.
"The dollar index was higher amid a repositioning... It faces headwinds from (US President Donald) Trump's 15 per cent global tariffs announcement after the unfavourable Supreme Court ruling," Bhansali said.
Brent crude, the global oil benchmark, rose sharply by 0.85 per cent to USD 72.10 per barrel.
On the domestic equity market front, the Sensex tumbled 525.29 points to 82,769.37 in early trade, while the Nifty went down 145.85 points to 25,567.15.
On Monday, foreign institutional investors purchased equities worth Rs 3,483.70 crore, according to exchange data.
