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.
India to evacuate officials and nationals from Mazar-e-Sharif in northern Afghanistan, Two from outside bought property in J&K since 2019: Centre tells LS, Centre rejects panel ... Read more
India to evacuate officials and nationals from Mazar-e-Sharif in northern Afghanistan, Two from outside bought property in J&K since 2019: Centre tells LS, Centre rejects panel’s idea to try 16+ as adults under Pocso & other top news in this bulletin Read more
PM Modi launched the 2nd phase of Ujjwala Yojana, India & Saudi Arabia are conducting their 1st naval exercise, Premier League to introduce random Covid-19 status checks for ti ... Read more
PM Modi launched the 2nd phase of Ujjwala Yojana, India & Saudi Arabia are conducting their 1st naval exercise, Premier League to introduce random Covid-19 status checks for ticket holders and other news in the bulletin. Read more
PM Modi proposes 5 principles for maritime security cooperation, Code red: UN report rings climate alarm, COVID-19 once again derails resumption of domestic badminton season & ... Read more
PM Modi proposes 5 principles for maritime security cooperation, Code red: UN report rings climate alarm, COVID-19 once again derails resumption of domestic badminton season & other top news in this bulletin Read more
PM Modi will be in the UN Security Council debate on maritime security, The SC on Monday issued notice to Centre on a PIL, Hyundai on Monday announced it will drive in the first of ... Read more
PM Modi will be in the UN Security Council debate on maritime security, The SC on Monday issued notice to Centre on a PIL, Hyundai on Monday announced it will drive in the first of several N Line models in India and other news in the bulletin. Read more
Taliban Seize 3 Afghan Capital Cities in a Day, Govt to push legislation in final week of session, Tearful Lionel Messi confirms he is leaving FC Barcelona & other top news in ... Read more
Taliban Seize 3 Afghan Capital Cities in a Day, Govt to push legislation in final week of session, Tearful Lionel Messi confirms he is leaving FC Barcelona & other top news in this bulletin Read more
India will soon get a 5th vaccine to help fight against the Covid, PM Modi on Saturday interacted with the beneficiaries of PMGKY, Aditi Ashok finished off 4rth in Golf in Olympics ... Read more
India will soon get a 5th vaccine to help fight against the Covid, PM Modi on Saturday interacted with the beneficiaries of PMGKY, Aditi Ashok finished off 4rth in Golf in Olympics and other top news in bulletin. Read more
Delhi excise revenue set to double after licence auctions under new policy, IB, CBI not helping judiciary at all: SC on threat to judges, J&J and Novavax seek approval for vacc ... Read more
Delhi excise revenue set to double after licence auctions under new policy, IB, CBI not helping judiciary at all: SC on threat to judges, J&J and Novavax seek approval for vaccines & other top news in this bulletin. Read more
Johnson & Johnson applied for emergency approval of single-shot Covid-19 vaccine, India's highest sporting honour Khel Ratna Award will now be called Major Dhyan Chand Khel Ra ... Read more
Johnson & Johnson applied for emergency approval of single-shot Covid-19 vaccine, India's highest sporting honour Khel Ratna Award will now be called Major Dhyan Chand Khel Ratna Award, India women's hockey team lost in their bronze medal & other top news in this bulletin. Read more
Govt moves to disallow MP’s Parl question on engaging NSO, Jammu & Kashmir delimitation commission receives 290 suggestions, More severe Covid variant may strike: Dr. Anthony F ... Read more
Govt moves to disallow MP’s Parl question on engaging NSO, Jammu & Kashmir delimitation commission receives 290 suggestions, More severe Covid variant may strike: Dr. Anthony Fauci & other top news in this bulletin Read more
Two ministers from Assam government reached Mizoram to hold talks, A person was killed as Naxals blew up an SUV in Chhattisgarh, India's men won first Olympic hockey medal in 41 ye ... Read more
Two ministers from Assam government reached Mizoram to hold talks, A person was killed as Naxals blew up an SUV in Chhattisgarh, India's men won first Olympic hockey medal in 41 years & other top news in this bulletin. Read more