CM Siddaramaiah bats for unity after SC clears writer Banu Mushtaq for Dasara
Bengaluru (PTI): Hours after the Supreme Court rejected a plea against the Karnataka government's decision to invite Kannada litterateur Banu Mushtaq to inaugurate the Dasara festivities this year, Chief Minister Siddaramaiah on Friday underscored the importance of tolerance and coexistence.
He urged people to strive for unity in diversity.
Speaking at the award presentation ceremony for the Vaddarse Raghurama Shetty Social Justice Journalism Award for the calendar year 2024 and the Environment and Development Journalism Award for the calendar years 2017 to 2023, Siddaramaiah said Kannada author Banu Mushtaq is the Booker prize winner.
“People who opposed her selection went to the High Court and the Supreme Court. Their pleas were rejected at both the places,” he said, adding the Dasara inauguration is not a religious matter, but a cultural one. "
"Further, this (Dasara) is the state festival.”
Noting that India is home to various faiths and castes, the CM said, "We must have tolerance for other faiths and we should live and prosper together. We must strive for unity in diversity."
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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.
