the rupee has weakened to a new all time low of ₹77.40 for pays. Rupee slid to this fresh lifetime low against the US dollar on Monday and for consumers, a weaker rupee means higher costs of everything important from food to fuel and more expensive for foreign travel. For manufacturers, it means increased prices of component parts, among other consequences. All of these affect fuel inflation, which is all very searching in India. The rupee weakened to an all time low today of ₹77.46 pays to a dollar. The Indian currency has depreciated almost 5% in just the last six months as it stood around ₹74 per dollar in November last year. There are several connected reasons behind the slum. A combination of no foreign funds in India with a rising requirement is pushing the rupee down. Indian markets have witnessed the highest ever recorded foreign fund pull out this year, with $17.7 billion being withdrawn in just a little over four months. Foreign investors have remained net sellers in Indian markets and have withdrawn money for each of the last seven months. The war in Ukraine continuing for the third month lockdowns in China, followed by soaring inflation and rate hikes across countries are all factors pushing investors back to safe investing. Destinations such as the United States and uncertain environment has turned investors to the U. S dollar that is considered a reserve and a safe currency in times of global stress. A soaring demand has taken the dollar to a two decade hi, further pressurising the rupee's value and lastly, a 15% increase in the price of Brent crude prices has further resulted in foreign currency outflows. Interns of import payments. If this remains for the rest of the year, we can intuitively see that the overall cost of imported oil would go up by around ₹4.5 billion. So there is a direct relationship between exchange rate and our overall import bill in repeated. Apart from impacting markets, the rupee's depreciation drives up the cost of living, affecting the prices of essentials for the common man. When the rupee depreciates, everything we import gets more expensive. As for $1 worth of products, we now have to pay more in rupees. Already, soaring crude oil prices will now translate into even larger payments in rupee Tums and increasing oil import prices further translate into higher domestic fuel prices, which have a cascading impact on overall inflation. A higher cost of transportation in turn, pushes up the prices of all essential products. Along with this, the cost of foreign studies and foreign travel also increases with rupees worth reducing. But there is an upside to Indian exports now get more competitive as foreign importers now have to pay less in terms of their currency. The congress hit out at the prime minister, digging up his old tweets and videos before he became PM and had then said that the weakening rupee was in ICU. With no signs of global supply disruptions easing amid the war, the pressure on the rupee is expected to continue. This will hurt the common man who is already struggling with price rises across commodities pre entry Sharma for NDTV and two days after firmly defending India's colonial era sedition law and asking the Supreme Court to dismiss the please challenging. It's saying there was nothing wrong with that. There was nothing needed that needed to be changed about it. The government on Monday did an about face, saying that it has suddenly decided to review the legislation. According to government sources, the move has come based on instructions from none other than Prime Minister. Modi must be a major political surprise from the government today in its affidavit to the Supreme Court for Centred It, a complete U turn on its stand on the Sedition Law, which it supported just last Saturday, crediting the change of heart to the prime minister, saying the prime minister has expressed clear and unequivocal views in favour of protection of civil rights, respect for human rights and believes that outdated colonial laws have no place in India, which is celebrating the 75th year of independence. Over the last 7.5 8 years, Narendra Modi's government has work to remove over 1500 archaic laws. When the government puts out its view in such a hostile manner, it means it's obviously wants to study it either by the group or the legislative route. Rather see it being examined by the judicial route in terms of public between two sides, so once in a view it as a positive development. Ironically, the government's own figures show BJP ruled states are the worst offenders in using this British era law. Other states, like Maharashtra, have been quick to follow, where sedition charges were used against MP know Avnet Rana and her husband for chanting the Hanuman Shah Liza outside the chief minister's house. And in the majority of cases, sedition charges have been used against journal itty and human rights activists like the late father Stand Swami Sudha Bhardwaj and many others in the Bima Corrigan case, as well as student activists. While convictions are low, the accused are spending years in Gaol Modi governments. Understanding of the sedition law has always been walked. Modi government has over last eight years use the sedition law only to suppress fundamental rights of expression of opinion, curbing die sent against the BJP, suppressing voices against the RSS s subjugating opinion against the Modi government. While it is still unclear what form this new law will take, the PM's intervention came a day before the Supreme Court's final hearing in this matter, where a three judgments led by C. J. N V. Ramana will decide whether the matter should be referred to a larger constitutional bench or not in new Delhi with Nita Sharma and cameraperson Pawan Kumar. This is Sookie 2020 TV And there was a dramatic day in the morning in Delhi as bulldozers rolled into deli stra. He in Baghlan bags the heart of the citizenship law professor, and these bulldozers rolled in foreign anti encroachment drive that eventually was halted when traders and ah Madi party MLA gave assurances that illegal structures here. The bulldozer, seen as a symbol of the BJP administrations. Tough action against writers and criminals, reached Shaheen bag on Monday morning, the hot spot of the Antifa protests as part of the South Delhi municipal corporations and the encroachment drive. The only thing removed that to buy the residents themselves was this CA folding set up to paint the buildings with no unauthorised structures to raise and the residents out on the streets against the drive bulldozer, along with the civic authorities, left the area Within minutes. Encroachment mean he can lock yous are fa fa Hindu muscleman K K Shahi, Bachmann Carl, I wrote the Amana to Lucky Nambaryn. Go vote, Magna Hindutva, Yoka, Amarnath, Alaniya Caro, Gadea Gunda Headache over jihadi with the currency, a department. However, the Supreme court had strong words for the C P M, which quickly went to court against the bulldozer action. The court refused the C. P. M's request for a stay on the demolitions. We are there to protect livelihoods, but not like this, the judges added. A furious court told the CPM. Either you withdraw or with dismissively. The court said You do not even go to the high court. You come straight to the Supreme Court. What is this? A political party coming here and telling us what to do with Arvind Gonna Shekhar and Saurabh Shukla Bureau report in the TV and has been a sound of a blast in Punjab and the police have cordoned off the intelligence headquarters in Mohali. Let's go cross to Ghazali, who has these details. We are told that the windows window glasses shattered. This is that the intelligence headquarters in Mohali Ghazali joins us Ghazali. What details can you share? Police versions is not a terror attack. At around 7 45 in the evening today, a minor explosion as per the police reported near the Punjab police intermission headquarters. No damage has been done, but the picks showed at the building and the build openings are damaged. The police also says that there has no There has been no injuries. Nobody and government sources have confirmed the district wanted terror attacks Are sources are claiming that this attack most by an RPG because the RPG remains have been found Their the fixed unavailable are as of now the the the the So we will have to further see that what more details they can share with us. Security has been beefed up in and around the area of the intelligence officer in Mohali district. Alright, Zali reporting there. Thank you. On a blast heard in Mohali at the intelligence headquarters there in Mohali. Thanks for that.
