MLCs Naseer Ahmed, Govindraj appointed political secretaries to CM Siddaramaiah
Bengaluru: Karnataka Chief Minister Siddaramaiah has appointed Naseer Ahmed and K Govindraj as the political secretaries with cabinet rank to assist him in his role. The appointment of these two Members of the Legislative Council (MLCs) was announced on Thursday.
Naseer Ahmed, and Govindraj are both members of Congress party and represent the party in the state’s Legislative Council. They have been entrusted with the crucial responsibility of serving as political secretaries to CM Siddaramaiah. Their appointment is expected to enhance coordination and communication between the Chief Minister's office and the legislative bodies.
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The political secretaries are expected to work closely with the Chief Minister, offering insights, providing policy inputs, and aiding in political strategy formulation. Their experience and expertise will contribute to the smooth functioning of the government and facilitate effective communication between the Chief Minister and his party members.
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Rupee falls 9 paise to all-time low of 90.58 against US dollar in early trade
Mumbai (PTI): Rupee depreciated 9 paise to an all-time low of 90.58 against US dollar in early trade on Monday, weighed down by uncertainty over an India-US trade deal and persistent foreign fund outflows.
Forex traders said rupee is trading with a negative bias as investors are in wait and watch mode and awaiting cues from the India-US trade deal front.
At the interbank foreign exchange market, the rupee opened at 90.53 against the US dollar, then fell further to an all-time intraday low of 90.58 against the greenback, registering a fall of 9 paise over its previous close.
On Friday, the rupee had slipped 17 paise to close at an all-time low of 90.49 against the American currency.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.05 per cent lower at 98.35.
Brent crude, the global oil benchmark, was trading higher by 0.52 per cent at USD 61.44 per barrel in futures trade.
On the domestic equity market front, the 30-share benchmark index Sensex was trading 298.86 points lower at 84,968.80, while the Nifty was down 121.40 points at 25,925.55.
Foreign Institutional Investors sold equities worth Rs 1,114.22 crore on Friday, according to exchange data.
"FPIs continue to be in selling mode in equity and debt while RBI has been selling dollars to fund their long positions," said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP.
