Bengaluru stampede: HC dismisses organizer’s petition asking for quashing of inquiry panel’s report
Bengaluru: The Karnataka High Court has dismissed the petition filed by DNA Entertainment Networks to quash the report submitted to the government by Retd Justice John Michael D’Cunha Inquiry Commission that probed the stampede outside Chinnaswamy Stadium.
The two-judge divisional bench of Justices DK Singh and Tara Vithasta Ganju had earlier heard the petition filed by Sunil Matthew, Director of DNA Entertainment, regarding the stampede outside the stadium on June 4, on the occasion of celebration of Royal Challengers Bengaluru’s (RCB) IPL victory.
The bench, which had reserved its verdict for Friday, took the state government’s stand also into consideration and, assuring DNA that it need not have any apprehension, dismissed the petition of the director.
A copy of the verdict is yet to be made available.
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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.
