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BusinessPhoto: Hindu BusinessOn October 16, 2026, the Indian rupee appreciated by 20 paise to 94.79 against the US dollar in early trade. The gain was driven by a softening US dollar, RBI’s structural forex interventions, and lower US Treasury yields. However, high crude oil prices and a decline in equity markets limited the rupee's gains.
Hindu Business··Mumbai
PoliticsPhoto: News18 WorldMaulana Fazlur Rehman, senior opposition leader in Pakistan, warned military chief Asim Munir against concentrating excessive power, citing the 1971 Fall of Dhaka as a cautionary example. He accused the state of undermining provincial autonomy and democratic rights, recalling how military declarations of strength failed before the 1971 surrender. Fazlur Rehman cautioned that excessive power could overwhelm its holders.
News18 World·
BusinessPhoto: ET MarketsBank of England Governor Andrew Bailey stated that rising energy prices have so far had limited broader inflationary effects. However, he warned that second-round inflationary pressures remain uncertain. With inflation at 3.1%, above the 2% target, policymakers are considering interest rate hikes amid concerns over economic resilience, rising borrowing costs, and geopolitical uncertainty.
ET Markets·
BusinessPhoto: Mint MarketsWelspun Corp's share price has risen nearly 230% year-to-date and about 215% over the past year. Over longer periods, the stock has delivered strong multibagger returns, increasing approximately 490% in 3 years, 1,670% in 5 years, and 3,575% in 10 years. Experts discuss whether investors should buy ahead of Q2 results.
Mint Markets·
EntertainmentPhoto: News18 MoviesOn her 78th birthday, veteran actress Hema Malini received heartfelt wishes from her daughter, actress Esha Deol, who called her the "loveliest lady" on social media. Hema Malini, known as the "Dream Girl," married late star Dharmendra in 1980. She debuted in 1963 and was honored with the Padma Shri in 2000. Dharmendra passed away in 2025.
News18 Movies·
PoliticsPhoto: MintDuring the 'Lehra Do Tiranga' protest, CJP leader Dipke responded to accusations that the demonstration disrupted business activities. He emphasized that democracy does not end with voting and stated that protesting against injustice should not be considered anarchy. Dipke's remarks highlight the importance of active civic engagement beyond elections.
Mint·
Hindu Business··Mumbai
Photo: Hindu BusinessOn October 16, 2026, the Indian rupee appreciated by 20 paise to 94.79 against the US dollar in early trade. The gain was driven by a softening US dollar, RBI’s structural forex interventions, and lower US Treasury yields. However, high crude oil prices and a decline in equity markets limited the rupee's gains.
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