Mumbai: The Indian rupee appreciated by 12 paise to 70.75 against the US dollar in early trade on Tuesday as easing crude prices strengthened investor sentiments. At the interbank foreign exchange the rupee opened at 70.75, registering a rise of 12 paise over its previous close. On Monday, rupee had settled for the day at 70.87 against the US dollar. The domestic unit however could not hold on to the gains and was trading at 70.77 against the dollar at 0959 hrs. Also Read – Commercial vehicle sales to remain subdued in current fiscal: Icra Forex traders said investors were optimistic about the US-China trade talks in October. However, weak opening in domestic equities weighed on the local unit. Domestic bourses opened on a cautious note on Tuesday with benchmark indices Sensex trading 113.23 points lower at 38,554.10 and Nifty down 20.70 points at 11,453.75. The dollar index, which gauges the greenback’s strength against a basket of six currencies, rose by 0.11 per cent to 99.48. Also Read – Ashok Leyland stock tanks over 5 pc as co plans to suspend production for up to 15 days Market participants, however, said sustained foreign fund outflows weighed on local currency. Foreign institutional investors (FIIs) remained net sellers in the capital market, pulling out Rs 469.40 crore on Monday, according to provisional exchange data. Brent crude futures, the global oil benchmark, fell 1.83 per cent to trade at USD 60.78 per barrel. The 10-year government bond yield was at 6.70 per cent in morning trade.
NEW DELHI: Delhi Education Minister Manish Sisodia on Tuesday inaugurated the third edition of Mega Book Fair for the city government schools with 9,445 books put on display. Inaugurated at the School of Excellence, Rohini, the book fair which offers books for pre-primary, primary to senior secondary levels, will end on October 11.Speaking at the occasion, Sisodia said the representatives of all the 1,024 government schools of the Directorate of Education, have a responsible task of procuring the right books for their students. Also Read – More good air days in Delhi due to Centre’s steps: JavadekarHighlighting the need to regulate the quality of books reaching the libraries of the Delhi government schools, Sisodia said, “It is a revolution in the system of libraries. This is an honest way of procuring books for our students based on their needs and also the requirement of the curriculum.” “Before 2016, each school used to make the purchase of books independently. The lack of proper mechanism involved in the procurement of books across these 1,024 schools also resulted in more number of poor-quality books purchased through lobbying and favours,” the Education Minister said. Also Read – Union min Hardeep Singh Puri, Delhi L-G lay foundation stones for various projects in DwarkaAdvising a word of caution to the heads of schools against this illegal practice, Sisodia said, “It is a huge responsibility for all of you here who are instrumental in picking up books for our students. Choose books wisely without falling into the greed of any kind. It is the future of these students that you are going to shape by procuring the right kind of books into the libraries. So be careful.” The Delhi government has allocated Rs 9 crore for the libraries of all the government schools of Directorate of Education for the academic year 2019-20, out of which 50 percent will be reserved for classes IX to XII for subject reading, while the rest will go to books used for general reading. The Heads of Schools accompanied by the Library Purchase Committee will be visiting the fair and select their own basket of books.