CM Siddaramaiah hints at Cabinet reshuffle after November
Belagavi (PTI): Karnataka Chief Minister Siddaramaiah hinted at a Cabinet expansion after November, when his government completes half term.
Speaking to reporters here on Saturday, the chief minister said the Congress high command told him four months ago to take up Cabinet expansion but he told them that the exercise would be carried out after his government completes two and a half years.
"Once that milestone is reached, I will hold discussions with them and proceed as per their guidance," Siddaramaiah said.
On his scheduled visit to New Delhi on November 16, he said it is primarily for the launch of a book authored by former party leader and senior lawyer Kapil Sibal.
"During the visit, I will also meet the party high command. It is our duty to brief them on the state's administration and ongoing developments," he said.
Siddaramaiah further said the winter session of the Karnataka Assembly is likely to be held in December.
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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.
