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Rupee rises 38 paise to 90.40 against US dollar in early trade

Mumbai, Feb 12 (PTI) The rupee appreciated 38 paise to 90.40 against the US dollar in early trade on Thursday, supported by foreign fund inflows and suspected RBI intervention. Forex traders said foreign fund inflows, while not massive, provided a psychological anchor. Moreover, the RBI has been quietly ensuring that liquidity remains abundant in the banking system. At the interbank foreign exchange market, the rupee opened at 90.55 against the US dollar, then gained momentum and touched 90.40, registering a rise of 38 paise over its previous close. In the initial trade, the rupee also touched 90.56 against the American

Case registered on Congress complaint over controversial video: Assam CM

Guwahati, Feb 11 (PTI) Assam Chief Minister Himanta Biswa Sarma on Wednesday said that the police have registered a case based on a complaint by Congress leaders over a controversial video featuring him, which was uploaded and later deleted by the state BJP. Sarma said that a BJP worker has also filed a separate police complaint over the same issue. The now-deleted video showed Sarma purportedly taking aim with a rifle and firing a shot at two people, one wearing a skull cap and the other with a beard, with “point-blank shot” as the caption. The AI-generated video was uploaded

Indian corn, soybean prices fall as door opened to US imports

MUMBAI/NEW DELHI, Feb 11 (Reuters) – Indian corn and soybean prices fell on Wednesday after New Delhi agreed to duty-free imports of U.S. soyoil and a protein-rich animal feed under a new trade deal with Washington, stoking fears of cheaper supplies among farmers. Farm unions and opposition parties, concerned about cheap U.S. supplies, have called nationwide protests for Thursday. A joint statement from India and the U.S. last week said New Delhi had agreed to allow duty-free imports of soyoil and distillers dried grains with solubles (DDGS), a corn-based ethanol byproduct used as cattle feed. Soybean and corn prices have

Indian court sentences journalist to jail in defamation case by Adani Group

NEW DELHI, Feb 11 (Reuters) – An Indian court has sentenced a journalist to one year in jail for some of his social media posts on the Adani Group, saying they were unverified, defamatory and portrayed the group in a disreputable light. Adani Enterprises, led by billionaire Gautam Adani, filed the case in 2021 against India journalist Ravi Nair in a district court in Gujarat, accusing him of making statements suggesting “political patronage… financial irregularities and unethical conduct”, according to a Tuesday court order seen by Reuters. “No documentary material, official record, or verified data has been produced to substantiate

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