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Rupee falls 14 paise to close near all-time low level at 94.82 against US dollar

Mumbai, Apr 29 (PTI) The rupee depreciated 14 paise to close near its all-time low at 94.82 (provisional) against the US dollar on Wednesday, pressured by rising Brent crude oil prices, hovering around USD 115 per barrel, and continued foreign capital outflows. Forex traders said the elevated crude oil price is likely to sharply impact India’s import costs, while the ongoing West Asia crisis and concerns over potential wider conflict are fuelling investor anxiety. Also, analysts said that investors were awaiting cues from the upcoming US Federal Reserve policy decision. Moreover, heavy foreign institutional investor (FII) selling so far this

Farooq Abdullah criticises EC’s handling of WB polls; asks ‘is Bengali not trusted’

Srinagar, Apr 29 (PTI) ‘Is Bengali not being trusted’, asked veteran politician and three-time former chief minister of Jammu and Kashmir, Farooq Abdullah, on Wednesday while slamming the Election Commission for the deployment of a large contingent of central police forces and bureaucrats during the West Bengal polls. Abdullah, who is the president of the ruling National Conference, condemned the rhetoric used by national leaders against West Bengal Chief Minister Mamata Banerjee, describing the language as “unparliamentary and not befitting this nation”. Emphasising that a strong India requires respecting its citizens, he told PTI, “If you want a strong India,

Four months in, foreign outflows from Indian shares top last year’s peak

April 29 (Reuters) – Foreign investors have pulled more than $20 billion out of Indian equities in the first four months of 2026, surpassing last year’s record ​annual exit, as an Iran war-driven spike in oil prices soured sentiment ‌on Asia’s third-largest economy and one of the biggest importers of crude oil. The bulk of the selling – $19 billion – has come since the Iran war started, data from the National Securities Depository showed. ​Last year, the outflows stood at $18.9 billion. India, which imports 90% of its ​energy needs and relies heavily on supplies from the Middle East,

TMC Rajya Sabha MP Derek dares PM Modi to resign if BJP loses Bengal polls

Kolkata, Apr 29 (PTI) TMC Rajya Sabha MP Derek O’Brien on Wednesday challenged Prime Minister Narendra Modi to resign if the BJP loses the West Bengal Assembly elections to the Mamata Banerjee-led party. In a video message, O’Brien claimed that Modi had projected himself as the BJP’s face across all 294 Assembly seats in the state and dared him to accept the challenge. “You yourself announced that you are the candidate in all 294 seats in Bengal. Stop making tall claims and accept this challenge. On May 4, when Mamata Banerjee and the TMC win Bengal, have the courage to

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