Sugarcane tractors set on fire in Bagalkot; police file suo motu case against 700 farmers
Bagalkot: Mahalingapura Police have booked a suo motu case against 700 farmers following the incident of a trailer of tractors carrying sugarcane being set on fire on the premises of the sugar factory in Samirvadi of Saidapur recently.
The case was registered based on a complaint filed by Sub-inspector Terdala, which accused the farmers, including 17 leaders, of attempt to murder by stone-pelting and obstructing government employees from attending to their duties.
Farmer leader Gangadhar Meiti, who has been named as the 17th suspect in the case, is reportedly on a tour of Delhi with his family for the last one week and has challenged the charges against him. Meiti has insisted that he had not participated in the protest by sugarcane farmers in Mudhol and expressed displeasure over the Police Department making false charges against him.
He also released a video clip on social media showing him near India Gate in New Delhi, as proof of his statement.
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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.
