June 3: 18,324 new COVID-19 cases, 514 deaths in Karnataka
Dakshina Kannada records 598 positive Covid-19 cases, five deaths
Bengaluru, Jun 3: Karnataka continued to witness a slight increase in daily cases of COVID-19 as the state on Thursday reported 18,324 fresh infections, taking the tally to 26.53 lakh.
The day also saw 24,036 discharges, continuing to outnumber the fresh cases.
The state had reported 14,304 and 16,387 fresh cases on June 1 and June 2 respectively.
With 514 deaths the toll in the state went upto 30,531.
Achieving a "milestone", over 3 crore samples have been tested in the state so far, out of which 1,50,168 were tested on Thursday alone.
"Karnataka will cross 3 crore Covid-19 tests today.
With 196 ICMR approved labs across the state, more than 82 per cent of the tests conducted in Karnataka are RT-PCR tests.
Congratulations to all our laboratory staff on achieving this remarkable milestone," state Health Minister K Sudhakar said earlier in the day.
Out of the 18,324 new cases reported on Thursday, 3,533 were from Bengaluru Urban, as the city saw 7,672 discharges and 347 deaths.
As of June 3 evening, cumulatively 26,53,446 COVID-19 cases have been confirmed in the state, which includes 30,531 deaths and 23,36,096 discharges, the Health department said in its bulletin.
Total number of active cases in the state stood at 2,86,798.
While the positivity rate for the day was 12.20 per cent, the case fatality rate (CFR) was 2.80 per cent.
Out of 514 deaths reported on Thursday, 347 were from Bengaluru Urban, while Hassan and Mandya reported 14 each, Mysuru 12, Bengaluru Rural and Uttara Kannada 11, Belagavi, Chamarajanagar and Koppal 10, followed by others.
Among the districts where the new cases were reported, Bengaluru Urban accounted for 3,533, Hassan 2,078, Mysuru 1,573, Tumakuru 979, Belagavi 839, Shivamogga 767, followed by others.
Bengaluru Urban district tops the list of positive cases, with a total of 11,74,275, followed by Mysuru 1,47,228 and Tumakuru 1,05,995.
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Rupee strengthens past 90/USD level in early trade
Mumbai (PTI): The rupee appreciated 24 paise to 89.96 against the US dollar in early trade on Friday, supported by corporate dollar inflows and easing crude oil prices.
Forex traders said the gain in the USD/INR pair follows the rupee’s string of record lows in recent weeks on likely intervention from the Reserve Bank of India.
Moreover, crude oil prices hovering around USD 59 per barrel level supported market sentiment.
ALSO READ:Rupee trades in narrow range against US dollar in early trade
At the interbank foreign exchange market, the rupee opened at 90.19 against the US dollar, then gained some ground and touched 89.96 against the US dollar, registering a gain of 24 paise over its previous close.
In initial trade it also touched 90.22 against the American currency. On Thursday, the rupee appreciated 18 paise against the US dollar to close at 90.20 against the greenback.
The rupee sank to a fresh record low, breaching the 91-a-dollar mark for the first time on Tuesday.
"Since the speculators are out of the market the buying of US dollar syndrome has come down a bit though intra-day we could see spikes," said Anil Kumar Bhansali Head of Treasury and Executive Director Finrex Treasury Advisors LLP.
The US CPI came lower than expected but was also due to non-collection of sufficient data and therefore, the next month’s CPI becomes more important, Bhansali said, adding that "Rupee remains in a range of 90-90.50".
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.04 per cent higher at 98.46.
Brent crude, the global oil benchmark, was trading lower by 0.27 per cent at USD 59.66 per barrel in futures trade.
On the domestic equity market front, the 30-share benchmark index Sensex climbed 375.98 points to 84,857.79, while the Nifty was up 110.60 points to 25,934.15.
Foreign Institutional Investors purchased equities worth Rs 595.78 crore on Thursday, according to exchange data.
Meanwhile, Economic Advisory Council to the Prime Minister (EAC-PM) member Sanjeev Sanyal on Thursday said he is not concerned about the rupee at all, arguing that even China and Japan witnessed exchange rate weaknesses during their high growth phases.
Speaking at 'Times Network's India Economic Conclave 2025', Sanyal said since the 90s, the rupee has mostly been allowed to find its own level, but the RBI uses its reserves to intervene in either direction to stop excessive volatility.
"I am not concerned about the rupee at all... Let me say that the rupee and its current weakness should not be necessarily conflated with some economic worry, because historically, if you go over time, you will see that economies that are in their high growth phase very often go through a phase of exchange rate weakness," he said.
