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Rupee gains 5 paise to 88.64 against US dollar in early trade

Mumbai, Oct 31 (PTI) The rupee showed some recovery and traded 5 paise higher at 88.64 against the dollar in early trade on Friday, tracking lower crude oil prices and weaker American currency. According to forex traders, the outflow of foreign funds amid selling pressure in the equity markets prevented a sharp gain in the domestic unit. At the interbank foreign exchange, the rupee opened at 88.60 rose slightly to 88.59 before trading at 88.64 against the greenback, up 5 paise from its previous close. On Thursday, the rupee had crashed 47 paise to settle at 88.69 against the US

Jinnah, Savarkar behind India’s partition; BJP now dividing neighbourhoods: Digvijaya Singh

Indore, Oct 31 (PTI) Senior Congress leader Digvijaya Singh has alleged that Mohammad Ali Jinnah and Hindutva ideologue V D Savarkar caused India’s partition in 1947, while the ruling BJP is currently dividing the cities and neighbourhoods. He made the claim on Thursday in response to questions concerning media reports about the alleged exodus of Hindus from two Muslim-majority localities in Sagar city in the state. “Jinnah (founder of Pakistan) and Savarkar divided the country, and now the BJP is dividing every city and every neighbourhood,” the Rajya Sabha member told reporters in Indore. To a question about the BJP’s

When Mumbai was held ‘hostage’: From double-decker bus to flat

Mumbai, Oct 31 (PTI) Mumbai on Thursday witnessed a tense situation where several children were held captive, perhaps for the first time, but the metropolis is no stranger to hostage crises, which in the past have pushed it to the edge and tested police efficiency in non-terror cases. Police successfully concluded a nearly three-hour-long dramatic hostage situation, safely rescuing 17 children and two adults held at a studio in the Powai area by a person who died from a bullet injury sustained during police action. The tense drama unfolded around 1:30 pm after the Powai police station received an alert

Indian Oil buys Russian crude from non-sanctioned entities, sources say

NEW DELHI/SINGAPORE, Oct 31 (Reuters) – Indian Oil Corp, the country’s top refiner, has bought five cargoes of Russian oil for December arrival from non-sanctioned entities, traders said, resuming purchases despite pressure from Washington on India to stop buying Russian oil. Washington last week imposed sanctions on Rosneft and Lukoil, Russia’s two largest oil companies, stepping up efforts to pressure President Vladimir Putin to end the war in Ukraine. IOC’s head of finance, Anuj Jain, however, has said his company will continue to buy Russian oil if the barrels are in compliance with sanctions. The European Union, the UK and

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