CT Ravi to become new BJP Karnataka President? Here's what Ravi has to say
Bengaluru: CT Ravi, the former national general secretary of the Bharatiya Janata Party (BJP), addressed media representatives at Kurubarahalli, stating that he is not vying for the post of BJP state president and considers himself a dedicated party worker. Ravi emphasized his commitment to competently handle any responsibility entrusted to him by the party.
When questioned about the possibility of becoming the state president, Ravi asserted that he is unaware of any discussions regarding the appointment and expressed that seeking such a significant position would not be appropriate at this time. He added that the decision lies with the party's top leadership, and he is unaware of their plans.
Referring to former Prime Minister and Janata Dal (Secular) chief Deve Gowda's statement about discussions on the state president post, Ravi clarified that no final decisions have been made, and he remains uncertain about the outcome.
With a long-standing association of thirty-five years with the BJP, Ravi acknowledged the blessings and support he has received from senior BJP leader BS Yediyurappa. He mentioned that the recent visit to Yediyurappa was nothing extraordinary and highlighted the continued cordial relationship between them.
Regarding the Congress government's previous accusation of a 40% commission in the state, Ravi called for an investigation to ascertain the truth behind the claims. He challenged Congress to reveal the details of who allegedly received the commission and from whom.
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Rupee falls 1 paisa to all-time low of 84.40 against US dollar in early trade
Mumbai, Nov 13 (PTI) The rupee slipped 1 paisa to an all-time low of 84.40 against the US dollar in early trade on Wednesday, as persistent foreign fund outflows and a muted trend in domestic equities weighed on the local unit.
Forex traders said the USDINR pair has shown significant volatility in recent sessions, with the rupee inching closer to its all-time low of 84.40. This downward pressure is largely driven by global factors, particularly the Dollar Index’s strengthening.
At the interbank foreign exchange, the rupee opened at 84.40 against the greenback, registering a fall of 1 paisa over its previous close.
On Tuesday, the rupee fell 1 paisa to a new lifetime low of 84.39 against the US dollar.
"It appears that the rupee has established support around the current levels, with depreciation limited near 84.50," CR Forex Advisors MD Amit Pabari said.
Pabari further added that the RBI stands tall as the depreciation in the rupee seems to be limited as the Reserve Bank of India (RBI) continues to sell the dollars to protect the sharp depreciation.
"For the 5th consecutive week, India’s forex reserves declined, possibly due to RBI selling the dollars. Currently, the forex reserves of India stand at USD 682 billion down from the recent all-time high of USD 704 billion," he said.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading lower by 0.04 per cent at 105.98.
Brent crude, the global oil benchmark, rose 0.25 per cent to USD 72.07 per barrel in futures trade.
On the domestic equity market front, Sensex was trading 210.66 points, or 0.27 per cent lower, to 78,464.52 points. The Nifty fell 100.45 points, or 0.42 per cent, to 23,783.00 points.
Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Tuesday, as they offloaded shares worth Rs 3,024.31 crore, according to exchange data.
On the macroeconomic front, retail inflation breached the Reserve Bank's upper tolerance level, soaring to a 14-month high of 6.21 per cent in October mainly on account of rising food prices.
Inflation based on the consumer price index (CPI) was 5.49 per cent in September and 4.87 per cent in the year-ago month.
India's industrial production expanded by 3.1 per cent in September after recording a contraction in the preceding month, as all three major segments -- mining, manufacturing, and power generation -- showed improvement.
However, the growth in the Index of Industrial Production (IIP) during the month was lower than 6.4 per cent registered in September 2023.
