Assembly poll: 55% turn out in Jayanagar constituency
Result on June 13
Bengaluru, June 11: The election of the Jayanagar Assembly constituency which was postponed due to the death of BJP candidate Vijay Kumar, was held on Monday with tight police security. Total 55 per cent voters turned out to the polling stations in the capital city. Counting of votes would be held on June 13.
Out of total 3,12,252 voters, only 1,11,689 voters including 56,865 men came out of their comfort zone and exercised their votes, according to the sources of the Election Commission.
Voting started from 7 am at all the 216 polling stations on a slow pace. But by 11 am, only 22 per cent voting was registered and it has reached to 34.5 per cent at 1 pm. At 5 pm, only 51 per cent of voters exercised their votes. But the entire polling was peaceful without any untoward incidents.
Noted personalities cast their votes
Jayanagar constituency is known as an educated extension and noted personalities are residing in the layout. Most of them exercised their votes in the morning standing in long queues. Freedom fighter HS Doreswamy, despite his age-related problems, came in the queue and cast his vote. Nadoja Baraguru Ramachandrappa, senior actor Sundar Raj, his daughter Meghana Raj exercised their votes at booth number 173 at AV Education School at JP Nagar. Actress Tara Anuradha and some of the candidates also cast their votes.
Technical snag in EVM
Because of the technical problem in the EVM at polling booth 216 at Clarence Public School, the voting process started one hour late. But actor ‘Mukyamantri’ Chandru, who came to exercise his vote, returned home saying that he would come later.
Tight security
Total 216 polling booths including five pink polling stations were set up in the constituency and all polling stations were given tight police security. CCTV cameras were installed in sensitive polling stations along with 10 paramilitary forces and 350 police personnel. Apart from these, 10 sector mobile squads were also deputed. As 42 polling stations were identified as sensitive, the police department has taken more care.
Though winning the constituency is a prestigious issue for opposition BJP, Congress which won the RR Nagar assembly constituency, is hoping of cracking the strong fort of the BJP. If the BJP won the constituency, it would increase its tally in the Assembly. So, the BJP has fielded BN Prahlad Babu, brother of Vijay Kumar and Soumya Reddy, daughter of Ramalinga Reddy contested from the Congress. Apart from them, Ravi Krishna Reddy gave a tough contest as an independent candidate. Total 19 candidates were in the fray and the result will be out on June 13.
- Total votes polled: 1,11,689
- Women: 54,824
- Men: 56,865
Result on Wednesday
The counting of votes will be held on Wednesday. The EVMs were stored in the strong room at NMKRV College. The counting of votes will be held from 8 am and by noon, a clear picture will be available.
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Rupee strengthens past 90/USD level in early trade
Mumbai (PTI): The rupee appreciated 24 paise to 89.96 against the US dollar in early trade on Friday, supported by corporate dollar inflows and easing crude oil prices.
Forex traders said the gain in the USD/INR pair follows the rupee’s string of record lows in recent weeks on likely intervention from the Reserve Bank of India.
Moreover, crude oil prices hovering around USD 59 per barrel level supported market sentiment.
ALSO READ:Rupee trades in narrow range against US dollar in early trade
At the interbank foreign exchange market, the rupee opened at 90.19 against the US dollar, then gained some ground and touched 89.96 against the US dollar, registering a gain of 24 paise over its previous close.
In initial trade it also touched 90.22 against the American currency. On Thursday, the rupee appreciated 18 paise against the US dollar to close at 90.20 against the greenback.
The rupee sank to a fresh record low, breaching the 91-a-dollar mark for the first time on Tuesday.
"Since the speculators are out of the market the buying of US dollar syndrome has come down a bit though intra-day we could see spikes," said Anil Kumar Bhansali Head of Treasury and Executive Director Finrex Treasury Advisors LLP.
The US CPI came lower than expected but was also due to non-collection of sufficient data and therefore, the next month’s CPI becomes more important, Bhansali said, adding that "Rupee remains in a range of 90-90.50".
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.04 per cent higher at 98.46.
Brent crude, the global oil benchmark, was trading lower by 0.27 per cent at USD 59.66 per barrel in futures trade.
On the domestic equity market front, the 30-share benchmark index Sensex climbed 375.98 points to 84,857.79, while the Nifty was up 110.60 points to 25,934.15.
Foreign Institutional Investors purchased equities worth Rs 595.78 crore on Thursday, according to exchange data.
Meanwhile, Economic Advisory Council to the Prime Minister (EAC-PM) member Sanjeev Sanyal on Thursday said he is not concerned about the rupee at all, arguing that even China and Japan witnessed exchange rate weaknesses during their high growth phases.
Speaking at 'Times Network's India Economic Conclave 2025', Sanyal said since the 90s, the rupee has mostly been allowed to find its own level, but the RBI uses its reserves to intervene in either direction to stop excessive volatility.
"I am not concerned about the rupee at all... Let me say that the rupee and its current weakness should not be necessarily conflated with some economic worry, because historically, if you go over time, you will see that economies that are in their high growth phase very often go through a phase of exchange rate weakness," he said.
