UDF Candidate M C Kamaruddin wins Manjeshwar Assembly Constituency
Kasargod: United Democratic Front (UDF) candidate M C Kamaruddin, registered comfortable victory in the Majeshwar Assembly Constituency’s by-poll elections on Thursday here.
Kamaruddin defeated BJP candidate Ravish Tantri by 7,923 votes while LDF candidate was left back at the third position.
Kamaruddin maintained a comfortable lead right from the beginning of the counting of votes from his opponents. Ultimately, Kamaruddin polled 65,407 votes to manage victory in the election. Ravish Tantri of BJP polled 57,484 votes while LDF candidate M Shankar Rai polled 38,233.
The constituency went for polls on October 21, after the death of former MLA P B Abdul Razzak.
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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.
