Business & Finance

Rupee rises 30 paise against dollar to 68.57 in early trade

Mumbai | The rupee appreciated by 30 paise to 68.57 against the US dollar in early trade today at the forex market on increased selling of the greenback by exporters and banks, amid a higher opening of the domestic equity market.

Besides, the dollar’s weakness against some currencies overseas after US jobs data showed slower-than-expected wages growth supported the rupee, forex dealers said. On Friday, the rupee had gained 8 paise to end at 68.87 against the US currency, largely tracking gains in key Asian units amid weak dollar overseas.

Meanwhile, the benchmark BSE Sensex rose by 244.84 points, or 0.69 per cent, to 35,902.70 in morning trade.

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Maharashtra police make 25th arrest in Dhule lynching case

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Mumbai | A man was today arrested for allegedly being part of the mob that beat five men to death on July 1 in Rainpada hamlet in Maharashtra’s Dhule district.

Five men, residents of Solapur district and hailing from the Nath Gosavi community, were beaten to death by irate villagers who suspected them to be child lifters.

A senior police official identified the accused as Dashrath Pimpalse (35) and added that his was the 25th arrest in connection with the lynching case. Another person has also been rounded up and his questioning is currently underway, the official added.

The alleged main accused in the incident, Maharu Pawar (22), was arrested from neighbouring Nandurbar district on July 4. Videos of the July 1 lynching, which went viral on social media, showed the five men being beaten with sticks, chappals, and stones. The incident happened, reportedly, due to social media-fuelled rumours that a gang of child-lifters was active in the area.

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