Rupee second-worst performing Asian currency against US dollar in Aug
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India's rupee became the second worst Asian currency in August, after Bangladesh's Taka. While most Asian currencies gained against the dollar, both Rupee and Taka weakened. The Indian unit was down 0.17 per cent in August and 0.13 per cent in September so far against the dollar. While the currency weakened in the last two months, the Reserve Bank of India’s intervention ensured that volatility was least as the currency traded in a tight range. Intervention also prevented the rupee from hitting the psychological level of 84 per dollar.
In the current financial year (FY25), the rupee has depreciated by 0.6 per cent. It was the third most stable Asian currency against the US dollar in the last financial year (FY24) after the Hong Kong dollar and Singapore dollar, primarily due to timely intervention by the Reserve Bank of India. The rupee depreciated by 1.5 per cent over the year against 7.8 per cent in FY23.
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The Securities and Exchange Board of India (Sebi) on Monday retracted its earlier statement blaming "external elements" for recent employee protests against its “work culture” and calls for the resignation of the regulatory body’s chief, Madhabi Puri Buch.
“Sebi addresses employee-related matters through appropriate internal mechanisms. Following constructive discussions with representatives of all grades of officers, Sebi and its employees have reaffirmed that such issues are strictly internal and will be managed in accordance with the organisation’s high standards of governance and within a time-bound framework,” the regulatory body said in a press release.
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The AAP has scheduled a series of meetings, including that of its political affairs committee, on Monday evening to decide on a new chief minister for Delhi, a day after Arvind Kejriwal's surprise announcement of quitting the post.
Senior AAP leader and former deputy chief minister Manish Sisodia reached Kejriwal's official residence to discuss with him the names of probables for the chief minister's post, AAP leaders said.
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Industrialist Gautam Adani-led Adani Group on Monday said it has not issued any press releases linked to its operations in Kenya, rejecting the “fraudulent” press releases that have been circulating. The company blamed “vested interests with malicious intent” for the incident, noting that a viral press release titled ‘Adani Group denounces baseless accusations and threats’ is fake.
“We categorically state that neither the Adani Group nor any of its companies or subsidiaries have issued any press releases related to Kenya,” the group said, urging the public to disregard such press releases.
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The Andhra Pradesh government on Sunday issued separate orders suspending three senior IPS officers, including a DG rank, for their alleged involvement in "hastily arresting" and "harassing" a Mumbai-based actor-cum-model without proper investigation in a case filed against her.
Former intelligence chief P Sitharama Anjaneyulu (DG rank), former Vijayawada Police Commissioner Kranti Rana Tata (IG rank) and Vishal Gunni (SP rank).
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A 24-year-old student has died from the Nipah virus in the southern Indian state of Kerala, a local medical official said on Monday, and 151 people who came into contact with the victim are under observation to prevent the spread of the deadly virus.
This is the second death caused by Nipah in Kerala since July. Nipah is classified as a priority pathogen by the World Health Organization (WHO) because of its potential to trigger an epidemic. There is no vaccine to prevent infection and no treatment to cure it.
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