June 5: Karnataka logs 13,800 fresh COVID-19 infections, 365 deaths
Dakshina Kannada records 714 positive Covid-19 cases, eight deaths
Bengaluru, June 5: Karnataka has reported 13,800 fresh cases of COVID-19 and 365 deaths thereby taking the total infected and fatalities so far to 26,83,314 and 31,260 respectively, the Health Department said on Saturday.
The State has 2,68,275 active cases whereas the total number of people discharged stood at 23,83,758 with the recovery of 25,346 people.
The tally of infections in Bengaluru Urban district remained the highest in the State with 2,686 infections and 206 fatalities.
The city has so far reported 11,80,182 infections and 14,688 deaths.
There were 1,24,807 active cases.
Mysuru district remained as the second major COVID hot spot with 1,155 infections and 22 fatalities.
According to the health bulletin, there were 847 in Belagavi, 714 in Dakshina Kannada, 710 in Shivamogga, 695 in Tumakuru, 568 in Hassan, 562 in Mandya, 552 in Udupi and 529 in Davangere.
Infections were reported in other districts as well and they include Dharwad, Ballari, Bagalkote, Bengaluru Rural, Chitradurga, Chikkaballapura, Kodagu, Kolar, Koppal, Uttara Kannada and Vijayapura.
The department said there were 18 deaths in Belagavi, 10 in Kolar, nine in Ballari and Shivamogga, eight each in Bengaluru Rural, Dakshina Kannada, Dharwad and Hassan.
Deaths were reported in 17 other districts.
There were zero fatalities in Bagalkote, Yadgir and Chikkamagaluru.
As many as 1,42,291 tests were done today and they included 1,00,254 using RT-PCR and other methods.
So far, 3.04 crore tests have been done cumulatively, the department said.
As on Saturday, 1.50 crore people were inoculated in the State, comprising first and second dose of vaccine.
The positivity rate for the day was 9.69 per cent and the case fatality rate 2.64 per cent, the department said.
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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.
