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Get the appGetThe Reserve Bank of India (RBI) has announced several major measures to support the rupee, including selling dollars to stabilize the currency. The RBI has introduced stricter rules and provided special facilities to government oil companies for their daily dollar requirements. These steps have already shown an impact, with the rupee rising by 23 paise to 96.65 against the dollar in early trading.
Aaj Tak·
BusinessPhoto: Mint MarketsIndian stock markets have ended an eight-week losing streak. Investors will focus on upcoming Indian inflation data, US economic reports, corporate earnings, crude oil prices, and rupee movements for market direction next week. IT sector results from HCL Technologies, Wipro, and Tech Mahindra are expected to influence sentiment. However, high US yields and continued foreign institutional investor selling may pressure equities.
Mint Markets·
PoliticsPhoto: Prabhat KhabarSonam Wangchuk expressed anger over the arrests of protesters during the CJP protest, warning that if the detained individuals are not released within 24 hours, he will consider a peaceful hunger strike. He shared a video highlighting concerns about the situation resembling a state of undeclared emergency in India. Wangchuk urged the government to resolve the issue through dialogue and maintain peace and unity.
Prabhat Khabar··Delhi
PoliticsPhoto: Economic TimesChief Justice of India Surya Kant intervened after several advocates were reportedly detained near the Supreme Court during peaceful protests linked to a Jantar Mantar demonstration. The Supreme Court Bar Association expressed serious concern, demanding safety and legal aid for the detained lawyers. Following the CJI's involvement, the lawyers were believed to have been released. Reports noted excessive force was used during the protests.
Economic Times·
PoliticsPhoto: Times of IndiaCongress leader Rahul Gandhi on Saturday expressed support for youth protesters demanding the resignation of Chief Election Commissioner Gyanesh Kumar. The protests are over alleged irregularities in the Special Intensive Revision (SIR) of electoral rolls. Gandhi's backing comes amid a police crackdown on demonstrators in Delhi.
Times of India··Delhi
PoliticsPhoto: Hindustan TimesThe Cockroach Janta Party (CJP) has renewed its call for a march to Jantar Mantar in Delhi, accusing the Centre of trying to stop people from joining the protest. CJP leaders Deepak, Ashutosh Ranka, and Saurabh Das were reportedly detained at Delhi airport. CJP alleges Delhi is under emergency-like restrictions to prevent assembly and demands Chief Election Commissioner Gyanesh Kumar's resignation.
Hindustan Times··Delhi
Aaj Tak·
The Reserve Bank of India (RBI) has announced several major measures to support the rupee, including selling dollars to stabilize the currency. The RBI has introduced stricter rules and provided special facilities to government oil companies for their daily dollar requirements. These steps have already shown an impact, with the rupee rising by 23 paise to 96.65 against the dollar in early trading.
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