Bearys Supermarket inaugurated in Mississauga with community members, dignitaries in attendance
Mississauga—Erin Mills: Bearys Supermarket in Canada officially opened its doors to the public with an inauguration ceremony attended by prominent dignitaries and community members.
Iqra Khalid, Member of Parliament for Mississauga—Erin Mills, was present at the event and honoured the supermarket with a Special Recognition Award from the House of Commons of Canada for its contributions to public service and community advocacy.
Dr. Abdalla Idris Ali, founder of the first full-time Islamic school ISNA in Toronto, and Shaykh Hosam Helal, Imam of ISNA, also attended the event. Stephen Sparling, Principal of Halton Government Relations and former Oakville Regional Councillor, was among the notable guests.
The opening saw participation from members of the Beary community in Canada, along with the Tulu, Konkani, and Mangalorean communities, as well as local residents. The supermarket aims to serve the diverse needs of the community and foster cultural exchange.
Bearys Supermarket is positioned as more than just a retail space, with a commitment to community engagement, diversity, and inclusion. It is located in Mississauga—Erin Mills, Ontario.
For updates, Bearys Supermarket can be followed on Instagram, Facebook, and other social media platforms.
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Rupee falls 20 paise to 95.43 against US dollar in early trade
Mumbai (PTI): The rupee depreciated 20 paise to 95.43 against US dollar in early trade on Tuesday as market sentiments remained fragile after renewed military exchanges between US and Iranian forces in the Gulf region.
Forex traders said investor anxiety due to instability in the Gulf is causing massive capital flight into safe-haven assets, with the US dollar acting as the primary beneficiary.
Moreover, Brent oil prices is hovering near USD 113 per barrel, maintaining pressure on oil-importing economies like India.
At the interbank foreign exchange market the rupee opened at 95.30 then lost ground to touch 95.43 against the US dollar, in initial trade, registering a fall of 20 paise over its previous close.
Rupee fell 39 paise to close at an all-time low of 95.23 against the US dollar on Monday.
"With oil boiling rupee on Monday fell to a closing low of 95.0875 and this morning the opening was still lower as it becomes more and more vulnerable when dollar index rises due to safe-haven buying and oil prices rise due to the continuous fighting in the Gulf Region," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said.
The higher oil prices will keep rupee sold off against the dollar as oil companies and FPIs intensify dollar buying, Bhansali added.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 98.51, up 0.15 per cent.
Brent crude, the global oil benchmark, was trading lower by 1.07 per cent at USD 113.22 per barrel in futures trade.
"Market sentiments remained fragile after renewed military exchanges between US and Iranian forces when Iranian forces launched fresh attacks in the Gulf as both sides sought to assert control over the strategic waterway," Bhansali said.
On the domestic equity market front, Sensex declined 361.62 points to 76,907.78 in early trade, while the Nifty dropped 134.90 points to 23,980.60.
Foreign Institutional Investors purchased equities worth Rs 2,835.62 crore on Monday, according to exchange data.
