National

Encounter underway between militants, security forces in J&K’s Pulwama

Srinagar | An encounter broke out between militants and security forces in Pulwama district of Jammu and Kashmir on Tuesday, police said.

Security forces launched a cordon and search operation in Ratnipora area of Pulwama in south Kashmir during the night following specific information about the presence of militants there, a police official said.

He said the search operation turned into an encounter after militants fired on the forces who retaliated. The exchange of fire was on, the official said, adding the area has been cordoned off and further details were awaited.

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Business & Finance

Rupee gains 6 paise against dollar in opening trade

News Desk

Mumbai | The rupee strengthened by 6 paise at 71.12 against the dollar in opening trade on Tuesday, maintaining its upward trend for the sixth straight day on continued selling of the US currency by exporters and banks.

Besides, optimism ahead of index of industrial production (IIP) numbers for December and retail inflation for January, and the dollar weakening against some other currencies overseas, also supported the rupee, forex dealers said. A positive opening in the domestic equity market gave the uptrend some momentum, they added.

The rupee opened lower at 71.21, but recovered to trade 6 paise higher at 71.12 against the dollar. The benchmark BSE Sensex rose 22.20 points, or 0.06 percent, to 36,417.23 in early session Tuesday.

On Monday, the rupee had ended higher by 13 paise to close at 71.18 against the dollar on easing crude oil prices, even as the greenback strengthened vis-a-vis other major currencies.

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