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.
Joe Biden heads to India for G20 Summit, G20 Summit: Traffic curbs come into force in New Delhi, India men's football team bows out of Kings Cup, following 5-4 defeat on penalties ... Read more
Joe Biden heads to India for G20 Summit, G20 Summit: Traffic curbs come into force in New Delhi, India men's football team bows out of Kings Cup, following 5-4 defeat on penalties against Iraq and other top news bulletin here. Read more
Stalin defends Son Udhayanidhi’s remarks on ‘Sanatan Dharma’, Aditya-L1 takes selfie, captures stunning images of Sun and Moon en route to L1, Australia and China to restart Dialog ... Read more
Stalin defends Son Udhayanidhi’s remarks on ‘Sanatan Dharma’, Aditya-L1 takes selfie, captures stunning images of Sun and Moon en route to L1, Australia and China to restart Dialogue after Three-Year hiatus and other top news bulletin here. Read more
PM Modi arrives in Indonesia to attend East Asia, ASEAN-Indian summits, White House official on joint declaration at G20 Summit, ‘Huge blunder if India…’: Gambhir fires warning for ... Read more
PM Modi arrives in Indonesia to attend East Asia, ASEAN-Indian summits, White House official on joint declaration at G20 Summit, ‘Huge blunder if India…’: Gambhir fires warning for Rohit in Ishan Kishan vs KL Rahul debate for Asia Cup, World Cup and other top news bulletin here Read more
Match fixing allegations against former Sri Lanka and KKR cricketer Sachithra Senanayake, player arrested, Arun Kumar Sinha, SPG chief responsible for PM Modi's protection, passes ... Read more
Match fixing allegations against former Sri Lanka and KKR cricketer Sachithra Senanayake, player arrested, Arun Kumar Sinha, SPG chief responsible for PM Modi's protection, passes away, China orders government officials to not use iPhones at work and other top news bulletin here. Read more
Sonia Gandhi to write to PM Modi on Parliament special session agenda, Former judges among 200 urge CJI to take action on Udhayanidhi’s ‘hate’ remarks, California votes to become ... Read more
Sonia Gandhi to write to PM Modi on Parliament special session agenda, Former judges among 200 urge CJI to take action on Udhayanidhi’s ‘hate’ remarks, California votes to become first state to ban caste-based discrimination and other top news bulletin here. Read more
G-20 dinner invite describes Murmu as President of Bharat, triggers political slugfest, Eminent citizens write to Chief Justice for action against MK Stalin's Son, Shah Rukh Khan v ... Read more
G-20 dinner invite describes Murmu as President of Bharat, triggers political slugfest, Eminent citizens write to Chief Justice for action against MK Stalin's Son, Shah Rukh Khan visits Sri Venkateswara Swamy temple in Tirupati ahead of Jawan release and other top news bulletin here. Read more
Opposition's INDIA bloc to face first electoral test in Tuesday's by-polls, "I respect Sanatan Dharma...": West Bengal CM Mamata Banerjee on Udhayanidhi Stalin remarks, US First La ... Read more
Opposition's INDIA bloc to face first electoral test in Tuesday's by-polls, "I respect Sanatan Dharma...": West Bengal CM Mamata Banerjee on Udhayanidhi Stalin remarks, US First Lady Tests Positive For Covid, President Joe Biden Is Negative and other top news bulletin here Read more
INDIA must win to prevent India from becoming Manipur, Haryana: MK Stalin, Chandrayaan 3: After Pragyan Rover, ISRO sets Vikram Lander into ‘sleep mode’, Russia proposes joint navy ... Read more
INDIA must win to prevent India from becoming Manipur, Haryana: MK Stalin, Chandrayaan 3: After Pragyan Rover, ISRO sets Vikram Lander into ‘sleep mode’, Russia proposes joint navy exercise with North Korea and China and other top news bulletin here. Read more
Govt forms committee on simultaneous elections, Indian Army Asks Its Soldiers To Do Social Service On Leave, Key tunnel in Arunachal to be ready by September end and other top ne ... Read more
Govt forms committee on simultaneous elections, Indian Army Asks Its Soldiers To Do Social Service On Leave, Key tunnel in Arunachal to be ready by September end and other top news bulletin here. Read more
North Korea fires cruise missiles into the sea after US-South Korean military drills end, Rohit Says India Ready For Pakistan's Pace Test In Asia Cup,Congress leader Shashi Tharoor ... Read more
North Korea fires cruise missiles into the sea after US-South Korean military drills end, Rohit Says India Ready For Pakistan's Pace Test In Asia Cup,Congress leader Shashi Tharoor on Friday accused the BJP-led Centre of failing to contain the Chinese aggression across the border, Aditya L1 Mission LIVE Updates: ISRO's final countdown for its historic Solar mission begins, Varun Sharma, Pankaj Tripathi starrer ‘Fukrey 3’ gets new release date Read more