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.
Maharashtra political crisis: Eknath Shinde’s aggressive push-back on Twitter, Over 3 million pilgrims register for Char Dham yatra so far this year, Pak has no money to buy fuel? ... Read more
Maharashtra political crisis: Eknath Shinde’s aggressive push-back on Twitter, Over 3 million pilgrims register for Char Dham yatra so far this year, Pak has no money to buy fuel? State Bank asks employees to work from home to save energy, and other top news in this bulletin. Read more
The conflict in Ukraine has sounded an alarm for humanity, Six more lawmakers have switched sides to the Eknath Shinde-led Shiv Sena faction, Ram Teri Ganga Maili actor Mandakini i ... Read more
The conflict in Ukraine has sounded an alarm for humanity, Six more lawmakers have switched sides to the Eknath Shinde-led Shiv Sena faction, Ram Teri Ganga Maili actor Mandakini is all set to make her comeback with a music video and other top news in today's bulletin. Read more
Uddhav's question on the next Maha CM vs Shinde's 'unnatural front' remark, 46% children suffer from long-Covid post infection, says Lancet study, Madras HC refuses to restrain AIA ... Read more
Uddhav's question on the next Maha CM vs Shinde's 'unnatural front' remark, 46% children suffer from long-Covid post infection, says Lancet study, Madras HC refuses to restrain AIADMK from amending by-laws at today’s key meet, and other top news in this bulletin. Read more
Uddhav Thackeray tests Covid positive, attends Cabinet meeting virtually, ED officials asked me secret of my energy,’ says Rahul Gandhi, Modern Love Hyderabad: Amazon Prime Video t ... Read more
Uddhav Thackeray tests Covid positive, attends Cabinet meeting virtually, ED officials asked me secret of my energy,’ says Rahul Gandhi, Modern Love Hyderabad: Amazon Prime Video teases stories, reveals release date for Telugu version of anthology, and other top news in this bulletin. Read more
Droupadi Murmu, the former governor of Jharkhand will be most likely the next President of the Republic, PM Modi meets 3 service chiefs amid row over Agnipath scheme, Ruchika Kambo ... Read more
Droupadi Murmu, the former governor of Jharkhand will be most likely the next President of the Republic, PM Modi meets 3 service chiefs amid row over Agnipath scheme, Ruchika Kamboj appointed as India’s new ambassador to U.N and other top news in this bulletin. Read more
Ajit Doval said that contentious 'Agnipath' recruitment scheme will not be rolled back despite widespread opposition. Haryana on Tuesday became the latest BJP-ruled state to offer ... Read more
Ajit Doval said that contentious 'Agnipath' recruitment scheme will not be rolled back despite widespread opposition. Haryana on Tuesday became the latest BJP-ruled state to offer jobs for Agniveers, Tuesday marked World Music Day 2022. Several renowned music personalities died in the first six months of 2022 and other top news in today's bulletin. Read more
‘Yoga brings peace to the universe': PM leads Yoga Day celebrations from Mysuru, Northeast floods swell into a crisis, 131 people dead, 2 shooters among 3 held over Moosewala’s kil ... Read more
‘Yoga brings peace to the universe': PM leads Yoga Day celebrations from Mysuru, Northeast floods swell into a crisis, 131 people dead, 2 shooters among 3 held over Moosewala’s killing in Delhi, and other top news in this bulletin. Read more
Indian Army issued a notification for the recruitment of Agniveers under the Agnipath recruitment schemes, many states stepped up security over the Bharat Bandh call by some group ... Read more
Indian Army issued a notification for the recruitment of Agniveers under the Agnipath recruitment schemes, many states stepped up security over the Bharat Bandh call by some groups against Agnipath, Mamta Banerjee slammed the Narendra Modi government over the Agnipath scheme and other top news in today's bulletin. Read more
Over 1k held for clashes during Agnipath protests across states, Opposition may pick President candidate tomorrow, IND vs SA: Series ends 2-2 as rain washes out decider in Bangalor ... Read more
Over 1k held for clashes during Agnipath protests across states, Opposition may pick President candidate tomorrow, IND vs SA: Series ends 2-2 as rain washes out decider in Bangalore and other top news in this bulletin. Read more
Islamic States terrorists have been indiscriminately firing inside a gurdwara in Afghanistan's capital, A Delhi court denied bail to AAP minister Satyendar Jain, Bitcoin fell below ... Read more
Islamic States terrorists have been indiscriminately firing inside a gurdwara in Afghanistan's capital, A Delhi court denied bail to AAP minister Satyendar Jain, Bitcoin fell below $20,000 for the first time since December 2020 and other top news in this bulletin. Read more