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.
Government and farmer unions are holding a sixth round of talks, Maharashtra government extended Covid-19 restrictions, Fewer people will be allowed to witness the Republic Day par ... Read more
Government and farmer unions are holding a sixth round of talks, Maharashtra government extended Covid-19 restrictions, Fewer people will be allowed to witness the Republic Day parade at Rajpath next year & other top stories making news throughout the day. Read more
GST collections in December are expected to exceed Rs 1 lakh crore, IAF chief said that China has heavily deployed its air force near the LAC, Premier League said that 18 individua ... Read more
GST collections in December are expected to exceed Rs 1 lakh crore, IAF chief said that China has heavily deployed its air force near the LAC, Premier League said that 18 individuals tested positive for Covid-19 & other top stories in your morning news bulletin. Read more
Rajinikanth announced on Tuesday that he will not be launching his political party, Sri Lanka has reopened to tourists after more than nine months, India registers an eight-wicket ... Read more
Rajinikanth announced on Tuesday that he will not be launching his political party, Sri Lanka has reopened to tourists after more than nine months, India registers an eight-wicket win against Australia in cricket & other top stories making news throughout the day. Read more
Centre will resume talks with farmers’ unions on Wednesday, Assam government on Monday tabled a bill in the assembly to abolish all state-run madrassas, Manchester City’s game at E ... Read more
Centre will resume talks with farmers’ unions on Wednesday, Assam government on Monday tabled a bill in the assembly to abolish all state-run madrassas, Manchester City’s game at Everton was postponed on Monday & other top stories in your morning news bulletin. Read more
PM Modi on Monday flagged off a driverless train for Delhi Metro, General MM Naravane on Monday began a visit to South Korea, US President Donald Trump has signed off on a major le ... Read more
PM Modi on Monday flagged off a driverless train for Delhi Metro, General MM Naravane on Monday began a visit to South Korea, US President Donald Trump has signed off on a major legislation & other top stories making news throughout the day. Read more
3 people were killed as a soldier went on a shooting spree in Illinois, Delhi’s air quality deteriorated on Sunday, Roger Federer is withdrawing from the Australian Open, the year’ ... Read more
3 people were killed as a soldier went on a shooting spree in Illinois, Delhi’s air quality deteriorated on Sunday, Roger Federer is withdrawing from the Australian Open, the year’s first major tournament & other top stories in your morning news bulletin. Read more
Arvind Kejriwal identified 51 lakh, people who will be the first ones to get Covid-19 vaccination in the city, Congress announced its tie-up with the Left parties for the upcoming ... Read more
Arvind Kejriwal identified 51 lakh, people who will be the first ones to get Covid-19 vaccination in the city, Congress announced its tie-up with the Left parties for the upcoming assembly elections in West Bengal, Alibaba is being investigated on charges of monopolistic practices & other top stories in your evening news bulletin. Read more
Farm unions will not restart negotiations until the Centre draws up a new agenda, cheap coronavirus tests raise the risk of false negatives and compromise data coming out of India, ... Read more
Farm unions will not restart negotiations until the Centre draws up a new agenda, cheap coronavirus tests raise the risk of false negatives and compromise data coming out of India, 6 more passengers who returned to India from the UK, tested positive for Covid-19 & other top stories in your morning news bulletin. Read more
China falsely claimed that it expelled an American warship from the SCS, Father Thomas Kotoor and Sister Sephy sentenced to life imprisonment for murdering Sister Abhaya, Night cur ... Read more
China falsely claimed that it expelled an American warship from the SCS, Father Thomas Kotoor and Sister Sephy sentenced to life imprisonment for murdering Sister Abhaya, Night curfew imposed in Karnataka till January 2, & other top stories making news throughout the day. Read more
A new variant of the coronavirus is likely to have already reached India, 7 of the 23 senior Congress politicians offered suggestions to revive the 135-year-old political party to ... Read more
A new variant of the coronavirus is likely to have already reached India, 7 of the 23 senior Congress politicians offered suggestions to revive the 135-year-old political party to Sonia Gandhi, Anti-capitalists of the world, unite” will reverberate in response to a call given by farm unions, & other top stories in your morning news bulletin. Read more