Karnataka theatres avoid screening 'Kaala' amid protests
Bengaluru, June 7: Single screen theatres and multiplexes across Karnataka on Thursday avoided screening the multi-lingual "Kaala" film of Tamil superstar Rajinikanth amid vociferous protests by pro-Kannada activists against his remarks on the Cauvery river water issue.
"We are unable to screen 'Kaala' film for the time being despite the security provided due to strong protests against its release by the Kannada Rakshana Vedike (KRV) activists outside," a multiplex official told IANS here.
Though police were deployed at some 120 theatres and multiplexes where the film was to be screened on the Karnataka High Court's direction on Tuesday, morning and afternoon shows were cancelled to avoid untoward incidents.
"We have not issued tickets for the morning and afternoon shows though many fans turned up to watch the movie on the first day first show as we do not want to antagonise the protesters and also want to ensure that the tense situation outside does not go out of hand," said the official on the condition of anonymity.
Hundreds of activists of pro-Kannada organisations, including the KRV, gathered outside theatres and multiplexes in Bengaluru, Mysuru, Hubballi, Mangaluru, Ballari and Belagavi to protest against the film's release.
"Cauvery water is more important than a Rajinikanth film for us. Our honour and Kannada pride are at stake. He (Rajinikanth) has hurt us by supporting the cause of Tamil Nadu in the sharing of the river water," KRV president Praveen Shetty told reporters here.
Many fans who bought the tickets online for the show on Wednesday were disappointed as they could not watch their favourite superstar's film.
Besides the original Tamil version, the film has been released across the country and beyond with subtitles in Hindi, Telugu and English.
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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.
