Bangladesh's first female Prime Minister Khaleda Zia dies at 80
Dhaka (PTI): Bangladesh's first female prime minister, Khaleda Zia, has died after a prolonged illness, local media reported on Tuesday.
Zia, the country’s first female prime minister and chairperson of the Bangladesh Nationalist Party (BNP), has passed away at the age of 80, the Dhaka Tribune reported.
She died while undergoing treatment at Evercare Hospital in Dhaka early Tuesday morning, around 6 am, confirmed her personal physician, Professor AZM Zahid Hossain.
Zia was admitted to Evercare Hospital on November 23 for routine tests, during which doctors detected a chest infection and decided to keep her under observation.
Her condition worsened on November 27, prompting her transfer to the hospital’s Coronary Care Unit (CCU).
In the early hours of Tuesday, Professor Hossain, a member of the medical board overseeing her treatment, had described her state as “very critical.”
Family members, including her son Tarique Rahman, visited her at the hospital late Monday night.
Despite efforts by a team of local and foreign specialists, her health continued to deteriorate.
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Rupee hits all-time low for second time in a week
Mumbai (PTI): The rupee depreciated 31 paise to settle at 91.99 against the US dollar on Wednesday, touching the lowest closing level for the second time in less than a week, amid increased month-end demand for the greenback.
Forex traders said the rupee opened higher as the US dollar index softened and a long-awaited trade breakthrough with Europe offered quiet reassurance. However, increased month-end demand for the American currency as well as the ongoing geopolitical tensions dented investors' sentiments.
At the interbank foreign exchange, the rupee opened at 91.60 and touched an early high of 91.50, but pared all the gains to touch an intra-day low of 91.99 against the greenback.
The domestic unit settled 31 paise down, revisiting its lowest-ever closing level of 91.99 against the greenback. The Indian currency previously ended at this level on January 23 when it also hit its all-time intraday low of 92 against the US dollar.
On Tuesday, the rupee rebounded from its all-time low levels and gained 22 paise to close at 91.68 against the US dollar.
Analysts said the rupee opened higher as the US dollar index softened and a long-awaited trade breakthrough with Europe bolstered investor sentiment.
India and the European Union on Tuesday announced the conclusion of negotiations for the free trade agreement (FTA), under which a number of domestic sectors such as apparel, chemicals and footwear will get duty-free entry into the 27-nation bloc, while the EU will get access to the Indian market at concessional duty for cars and wines, an official said.
The deal has been dubbed the "mother of all deals" as it will create a market of about 2 billion people.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.07 per cent lower at 96.14.
Brent crude, the global oil benchmark, was trading 0.43 per cent lower at USD 67.28 per barrel in futures trade.
On the domestic equity market front, Sensex jumped 487.20 points to settle at 82,344.68, while Nifty surged 167.35 points to 25,342.75.
Foreign Institutional Investors turned net buyers and purchased equities worth Rs 480.26 crore on Wednesday, according to exchange data.
