Court remands Prajwal Revanna to SIT custody till June 18
Bengaluru, Jun 12: A court here on Wednesday remanded former JD(S) MP Prajwal Revanna, who is facing charges of rape and sexual abuse against several women, to the custody of the Special Investigation Team (SIT) till June 18.
The court had on June 10 sent him to 14 days of judicial custody, but the SIT today sought a body warrant against him in connection with a cybercrime case.
The 42nd Additional Chief Metropolitan Magistrate court granted the SIT's request. With this, SIT secured the custody of Revanna till Tuesday.
The court, following Revanna's arrest on May 31, remanded him to SIT custody till June 6, and later extended it till June 10.
The 33-year-old grandson of JD(S) patriarch and former Prime Minister H D Deve Gowda had failed in his bid to retain the Hassan parliamentary constituency in the recent polls.
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SIT officials arrested Revanna soon after he landed at Bengaluru's Kempegowda International Airport from Germany on May 31.
He had left for Germany on April 27, a day after Hassan went to the polls. A 'Blue Corner Notice' seeking information on his whereabouts had earlier been issued by the Interpol, following a request by the SIT via the Central Bureau of Investigation.
A Special Court for Elected Representatives issued an arrest warrant against Revanna on May 18, following an application moved by the SIT.
He was arrested in a case registered against him in Holenarasipura in Hassan district on April 28. He was accused of sexually harassing a 47-year-old former maid. He is listed as accused number two, while his father and MLA, H D Revanna, is the primary accused.
Prajwal Revanna has been booked in three cases of sexual assault. There are also charges of rape against him.
The cases of sexual abuse came to light after pen-drives containing explicit videos allegedly involving Prajwal Revanna were reportedly circulated in Hassan, ahead of Lok Sabha polls there on April 26.
JD(S) suspended him from the party after cases were filed against him.
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Rupee hits record low of 96.14/USD, settles at fresh closing low of 95.86/USD
Mumbai (PTI): The Indian rupee crashed below the 96/USD mark on Friday before closing at an all-time low of 95.86 (provisional) against the US dollar as elevated crude oil prices and inflation concerns added to the downside pressure on the rupee.
Rupee has registered over 6 per cent losses so far this year, and in the past six trading sessions, it has depreciated nearly 2 per cent as Iran war risk escalation pushed crude oil prices higher. The dollar index moved northwards after strong US retail sales and stable labour market data reduced expectations of aggressive Federal Reserve rate cuts.
Forex traders said global uncertainties, relatively high valuations, and the lack of AI-led investment opportunities have weighed on capital flows.
Moreover, weak net FDI inflows are likely to exert pressure on the balance of payments, while rising crude oil prices stoke inflation worries.
At the interbank foreign exchange, the rupee opened at 95.86, then slumped to a record low of 96.14 in intraday trade, registering a fall of 50 paise from its previous close.
The USD/INR pair finally settled at 95.86 (provisional) against the US dollar, registering a fall of 22 paise from its previous close, helped by likely RBI intervention.
On Thursday, the rupee weakened to a fresh record low of 95.96 before closing with a marginal gain of 2 paise at 95.64 against the US dollar.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 99.15, higher by 0.34 per cent.
Brent crude, the global oil benchmark, was trading up 3.14 per cent at USD 109.04 per barrel in futures trade.
On the domestic equity market front, Sensex fell 160.73 points to settle at 75,237.99, while Nifty declined 46.10 points to 23,643.50.
Foreign Institutional Investors turned net buyers, purchasing equities worth Rs 187.46 crore on Thursday, according to exchange data.
Meanwhile, the country's exports in April rose by 13.78 per cent to USD 43.56 billion despite global challenges, Commerce Secretary Rajesh Agrawal said on Friday.
Imports grew 10 per cent year-on-year to USD 71.94 billion in April. The trade deficit during the month stood at USD 28.38 billion.
"We expect the rupee to trade with a negative bias on elevated crude oil prices and inflation concerns. Strong dollar and FII outflows may also weigh on the rupee. However, any intervention by the RBI and hiking of import duty on gold and silver may support the rupee at lower levels. USD-INR spot price is expected to trade in a range of 95.60 to 96.20," said Anuj Choudhary, Research analyst at Mirae Asset ShareKhan.
Chinese President Xi Jinping and his US counterpart Donald Trump on Friday hailed their talks as "historic" and "landmark", as the American leader wrapped up his three-day visit on a high note, but no deals on any contentious issues were announced.
Both Presidents, who held several rounds of talks covering a range of global issues, including the Iran war and bilateral trade frictions, concluded their discussions with a private meeting at Zhongnanhai, the well-guarded compound in Beijing where top leaders reside.
