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.
The min temp in the NCR dropped below 10 degrees Celsius , Narendra Modi to lay the foundation stone of the new Parliament building ,Farm unions vowed to scale up protests by block ... Read more
The min temp in the NCR dropped below 10 degrees Celsius , Narendra Modi to lay the foundation stone of the new Parliament building ,Farm unions vowed to scale up protests by blocking all highways into New Delhi & other top stories in your morning news bulletin. Read more
BJP has outrun the Congress in the Panchayat Samiti and Zila Parishad election held in 21 districts of Rajasthan, Centre sends proposal to farmers, Russia blames 'devious' West as ... Read more
BJP has outrun the Congress in the Panchayat Samiti and Zila Parishad election held in 21 districts of Rajasthan, Centre sends proposal to farmers, Russia blames 'devious' West as LAC stand-off continues & other top stories making news throughout the day. Read more
The Centre to fly more than 60 heads of foreign missions to Bharat Biotech and Biological E, A 5-member delegation of opposition parties to meet President over concerns on the agri ... Read more
The Centre to fly more than 60 heads of foreign missions to Bharat Biotech and Biological E, A 5-member delegation of opposition parties to meet President over concerns on the agriculture laws, The mysterious disease in Andhra Pradesh’s was a case of “neuro-toxicity” & other top stories in your morning news bulletin. Read more
Farmers are likely to meet Union home minister Amit Shah on Tuesday, Nepal & China announced the height of Mount Everest, MM Naravane on Tuesday embarked on a week-long visit t ... Read more
Farmers are likely to meet Union home minister Amit Shah on Tuesday, Nepal & China announced the height of Mount Everest, MM Naravane on Tuesday embarked on a week-long visit to UAE & Saudi Arabia & other top stories making news throughout the day. Read more
India to examine full-dose data of Covid-19 vaccine developed by Oxford Uni AstraZeneca, An expert team rushed to Andhra Pradesh's Eluru to tackle an unidentified disease, Indian ... Read more
India to examine full-dose data of Covid-19 vaccine developed by Oxford Uni AstraZeneca, An expert team rushed to Andhra Pradesh's Eluru to tackle an unidentified disease, Indian industry to resume capital spending plans after year-long demand slump & other top stories in your morning news bulletin. Read more
Akhilesh Yadav was detained after he launched a sit-in protest against the farm laws, Centre has received nearly 40,000 complaints dealing with corruption related to Covid-19, Gaga ... Read more
Akhilesh Yadav was detained after he launched a sit-in protest against the farm laws, Centre has received nearly 40,000 complaints dealing with corruption related to Covid-19, Gaganyaan mission is likely to be delayed by a year owing to the pandemic & other top stories making news throughout the day. Read more
Satellite imagery emerged of China setting up villages in hitherto uninhabited stretches, India yet to discuss the pricing of the Pfizer/BioNTech vaccine, Walmart is planning to se ... Read more
Satellite imagery emerged of China setting up villages in hitherto uninhabited stretches, India yet to discuss the pricing of the Pfizer/BioNTech vaccine, Walmart is planning to sell around 25% in India’s largest online retailer & other top stories in your morning news bulletin. Read more
Anil Vij has said he has tested positive for Covid-19, WHO has warned that vaccines will be no magic bullet for the coronavirus crisis, Pravaig Dynamics has come up with its first ... Read more
Anil Vij has said he has tested positive for Covid-19, WHO has warned that vaccines will be no magic bullet for the coronavirus crisis, Pravaig Dynamics has come up with its first homegrown electric car & other top stories making news throughout the day. Read more
TRS emerged as the single largest party in the Hyderabad civic polls, Farmers agitating against farm laws have announced a nationwide strike on December 8, 2 top officials of the L ... Read more
TRS emerged as the single largest party in the Hyderabad civic polls, Farmers agitating against farm laws have announced a nationwide strike on December 8, 2 top officials of the Luxembourg-headquartered B Medical Systems will arrive in New Delhi & other top stories in your morning news bulletin. Read more
PM Modi has said Indian manufacturers would be able to produce Covid-19 vaccines in the next few weeks, A DDC candidate in south Kashmir’s Kokernag area was shot at by unidentified ... Read more
PM Modi has said Indian manufacturers would be able to produce Covid-19 vaccines in the next few weeks, A DDC candidate in south Kashmir’s Kokernag area was shot at by unidentified gunmen, RBI has kept its key lending rate unchanged & other top stories making news throughout the day. Read more