The Indian rupee hit a lifetime low in opening deals on Monday as a sharp surge in global crude oil prices threatened to push up imported inflation and widen the country’s trade and current account deficits. The partially convertible rupee was trading at 76.92/93 per dollar, after touching 76.96, its weakest level ever. It had closed at 76.16 on Friday. The benchmark 10-year bond yield was trading at 6.86%, up 5 basis points on the day. Oil prices soared more than 6%, touching their highest since 2008 on Monday after the United States and European allies mull a Russian oil import ban while delays in the potential return of Iranian crude to global markets fuelled tight supply fears. Indian shares tumbled over 2% on Monday, with investors dumping risky assets as oil prices soared after the United States and European allies were said to be mulling a Russian oil import ban.
Prime Minister Narendra Modi on Monday sought Ukrainian President Volodymyr Zelenskyy’s support for evacuating hundreds of Indian nationals stranded in the eastern Ukrainian city of Sumy amid intense fighting in the region. The main focus of India’s evacuation efforts in Ukraine over the past few days has been the safe and secure exit of some 700 Indians, mostly students, from Sumy. Close to 16,000 Indian nationals have been evacuated from across Ukraine, including other areas in the eastern part of the country facing heavy Russian shelling and violence. During a 35-minute phone conversation, Modi sought continued support from the Ukrainian government in ongoing efforts for evacuating Indian nationals from Sumy, people familiar with the matter said.
The Russian military declared a ceasefire in the capital city of Kyiv in Ukraine and three other major cities on Monday to open humanitarian corridors, news agency Reuters reported citing local media. The decision followed a request personally made by French President Emmanuel Macron, the report said. The corridors to allow safe passage to civilians trying to flee the war will open at 1000 Moscow time (0700 GMT). It will continue for 11 hours, according to the report. Besides Kyiv, forces will hold fire in Kharkiv, Mariupol and Sumy. A day earlier, a similar ceasefire was announced in Mariupol. But after a brief pause in firing, Ukrainian officials said Russian forces resumed artillery fire and airstrikes which prevented residents from leaving. Putin has blamed Ukraine for sabotaging the effort.
Police in Thailand said Monday that an autopsy conducted on the body of Australian cricket star Shane Warne has concluded that he died of natural causes. A statement issued by deputy national police spokesperson Kissana Pathanacharoen said the opinion issued by the doctor who carried out the autopsy has been conveyed to Warne’s family and the Australian Embassy. It said the family did not have any doubt that the 52-year-old cricketer, widely considered one of the sport’s greatest spin bowlers, died of natural causes. The statement, issued ahead of a planned police news conference, did not specify the cause of death. Preliminary evaluations from Thai authorities suggested Warne died from a heart attack. Warne was found unresponsive in his hotel room on the Thai resort island of Samui on Friday and could not be revived at a nearby hospital. His body was transferred Sunday to the Thai mainland for an official autopsy at a state hospital.
The Ukraine government has a contingency plan in place if President Volodymyr Zelensky is killed during the Russian invasion, US Secretary of State Antony Blinken said during an interview with CBS News’ Face the Nation on Sunday. ‘The Ukrainians have plans in place — that I’m not going to talk about or get into any details on — to make sure that there is what we would call “continuity of government” one way or another. And let me leave it at that,’ Blinken said when he was asked if the United States was working on an interim plan to support a Ukrainian government without Zelensky. This comes amid reports that Zelensky has survived three assassination attempts since the beginning of Russia’s invasion of Ukraine. Zelensky too talked about the threat to his life. In fact, he opened the recent Zoom meeting with US senators saying that this is probably the last time they were seeing him live.
That’s all from us for now. We will be back with the morning news bulletin.
Top news of the day: MCD crackdown on Delhi's IAS coaching centres; what police investigation found, Amid rift buzz, Yogi maintains poise, says state’s development journey continue ... Read more
Top news of the day: MCD crackdown on Delhi's IAS coaching centres; what police investigation found, Amid rift buzz, Yogi maintains poise, says state’s development journey continues, SriRam IAS coaching centre's clarification after ‘insensitive’ post over IAS students' deaths draws criticism, 'Curly Tales' anchor Kamiya Jani trolled for calling idli-chicken curry 'weird combination' in Janhvi Kapoor interview, Manu Bhaker Wins Bronze Medal in 10m Air Pistol at Paris Olympics 2024 Read more
PM to chair NITI Aayog Governing Council meet, Bengaluru PG murder: CCTV footage emerges of woman being stabbed, killer still absconding, Kamala Harris officially declares her cand ... Read more
PM to chair NITI Aayog Governing Council meet, Bengaluru PG murder: CCTV footage emerges of woman being stabbed, killer still absconding, Kamala Harris officially declares her candidature for US prez elections, Singing, ceremonies and straw hats: Olympics opening ceremony in Tahiti centers Polynesian culture, Justin Timberlake's lawyer says singer wasn't drunk, argues DUI charges should be dropped Read more
Barack Obama, wife Michelle endorse Kamala Harris for US president, Cong's ‘petty politics’ jab at PM Modi over Kargil Vijay Diwas address, France high-speed train network hit by ‘ ... Read more
Barack Obama, wife Michelle endorse Kamala Harris for US president, Cong's ‘petty politics’ jab at PM Modi over Kargil Vijay Diwas address, France high-speed train network hit by ‘massive attack’ as Olympics gets underway Read more
Top news of the day: Mumbai rains: BMC declares schools, colleges to operate normally today, Prime Minister Narendra Modi will visit Kargil on Friday on the occasion of the 25th an ... Read more
Top news of the day: Mumbai rains: BMC declares schools, colleges to operate normally today, Prime Minister Narendra Modi will visit Kargil on Friday on the occasion of the 25th anniversary of the Kargil Vijay Diwas, Harris says she is ready to debate Trump says wait till Democratic convention, Paris Olympics 2024: France to kick off games under tight security, SAG-AFTRA announces video game performers' strike over AI, pay Read more
‘Think about country’: Stalin slams PM over Union Budget allocations, Nitish Kumar’s sexist remark triggers controversy, Joe Biden says he ended 2024 U.S. presidential bid to unite ... Read more
‘Think about country’: Stalin slams PM over Union Budget allocations, Nitish Kumar’s sexist remark triggers controversy, Joe Biden says he ended 2024 U.S. presidential bid to unite Democratic party, Sri Lanka, Bangladesh Register Big Wins To Enter Semifinals Of Women's Asia Cup, Intention was to kill me, my family members: Salman Khan’s statement in charge sheet Read more
Top news of the day: India’s Modi sets aside billions for jobs, allies in post-election budget, Farmer Leaders To Meet Rahul Gandhi Over Private Members' Bill Today, Secret Service ... Read more
Top news of the day: India’s Modi sets aside billions for jobs, allies in post-election budget, Farmer Leaders To Meet Rahul Gandhi Over Private Members' Bill Today, Secret Service director steps down after assassination attempt against ex-President Trump at rally, Gambhir takes charge as India hit the ground in Sri Lanka ahead of white-ball series, Netflix co-founder Reed Hastings has donated $7 million to a super PAC that supports Vice President Kamala Harris' run for US president Read more
Top news of the day: Finance minister Nirmala Sitharaman is set to present the Union Budget 2024-25 today, Jammu and Kashmir: Soldier Injured In Gunfight With Terrorists, Counter O ... Read more
Top news of the day: Finance minister Nirmala Sitharaman is set to present the Union Budget 2024-25 today, Jammu and Kashmir: Soldier Injured In Gunfight With Terrorists, Counter Operation Underway In Battal Sector, Harris has support of enough Democratic delegates to become party’s presidential nominee, Ajit Agarkar dumps India T20I captain Suryakumar Yadav from ODI scheme, Kiran Rao says she sees Laapataa Ladies' box office performance as ‘failure’ Read more
Mint's Shipra speaks to Urvil Modi, founder and CEO, Samriddhi Wealth Management, about the multitude challenges NRIs face in selling property in India and how they can reduce the ... Read more
Mint's Shipra speaks to Urvil Modi, founder and CEO, Samriddhi Wealth Management, about the multitude challenges NRIs face in selling property in India and how they can reduce the complexities. Read more
Big blow to Nitish Kumar's JD(U) as Centre rejects Bihar special status demand, Centre's order allowing employees to take part in Sangh activities aimed at appeasing RSS: Mayawati, ... Read more
Big blow to Nitish Kumar's JD(U) as Centre rejects Bihar special status demand, Centre's order allowing employees to take part in Sangh activities aimed at appeasing RSS: Mayawati, Kanwar Yatra nameplate controversy: SC stays UP govt's directive to shop owners, Hardik Pandya meets Gautam Gambhir's staff hours after new head coach's presser as Team India leaves for Sri Lanka Read more
Top news of the day: Biden drops out of presidential race and endorses Harris to be nominee, Controversial Kanwar Yatra order to echo in Parliament, Supreme Court, Terrorists fire ... Read more
Top news of the day: Biden drops out of presidential race and endorses Harris to be nominee, Controversial Kanwar Yatra order to echo in Parliament, Supreme Court, Terrorists fire at security post in J&K’s Rajouri, search operation launched, West Indies collapse as England wins 2nd test by 241 runs to claim series, Diljit Dosanjh's 'Sardaar Ji 3' to release in June 2025 Read more