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Rupee recovers 16 paise from all-time low to 95.52 against US dollar in early trade

Mumbai, May 13 (PTI) The rupee rebounded by 16 paise from its all-time low to 95.52 against the American currency in early trade on Wednesday amid hopes of lower demand for the US dollar due to import curbs. Forex traders said market participants are expecting some resilience in the dollar-rupee pair as gold importers curb their demand. The Indian government raised import tariffs on Gold and Silver to 15 per cent from 6 per cent to curb overseas purchases of the metals and ease pressure on the Country’s FX reserves. However, elevated crude oil prices and the strength of the

Extremely saddening: Akhilesh on stepbrother Prateek’s death

Lucknow, May 13 (PTI) Samajwadi Party president Akhilesh Yadav on Wednesday morning described his stepbrother Prateek Yadav’s death as “extremely saddening.” The former Uttar Pradesh chief minister rushed to the Civil Hospital and from there to the King George Medical University (KGMU), where an autopsy was scheduled. Prateek, 38, suddenly fell ill and was rushed to the civil hospital in the early hours of the day, but was declared dead at the hospital, the sources said. Akhilesh Yadav did not speak to the media at the hospitals, but posted a brief statement on X: “Shri Prateek Yadav’s demise is extremely

India’s travel industry braces for hit from Modi’s appeal to avoid foreign trips

CHENNAI/BENGALURU, India, May 13 (Reuters) – India’s ​travel industry fears that an appeal by Prime Minister Narendra Modi to avoid unnecessary foreign travel will squeeze ‌new bookings after inflationary pressure knocked down summer overseas inquiries by as much as 15%, industry and analysts say. The pullback is set to hit the peak season for outbound tourism, when affluent families seek cooler locations in Europe and Australia, during school holidays that run from April to June. “The prime minister ​has a great following, and people sometimes take his advice very seriously … they may postpone it to next year,” ​said Ravi

TVK warns of ‘stringent action’ against cadres if they cause public nuisance

Chennai, May 12 (PTI) The ruling TVK on Tuesday explicitly banned the placement of party banners and placards in public spaces that cause inconvenience to the people or obstruct traffic. It issued the strict directive to its cadres, warning of “stringent action” against anyone found causing public nuisance. The directive comes as part of the move to reinforce the party’s stated goal of prioritising public welfare. In a statement issued on X by the party’s General Secretary and Minister N Anand, the TVK leadership warned of “stringent action” against any member found violating these instructions, noting that the order has

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