Saturday, June 23, 2012

Rupee hits fresh low of 57.32, dips over 3% in a week


A big blow to Mamata Banerjee as the high court strikes down the Singur Land Act, is the lead story in the Hindu, the Financial Express and the Tribune. 'Mamata loses Singur land battle in High Court', writes the Hindustan Times.
The rupee plunging to an all time low finds prominence in the business dailies, as well as other papers. 'Rupee hits fresh low of 57.32, dips over 3% in a week', is the Financial Express headline. The Hindu writes, 'Centre moves to halt rupee fall', saying that Pranab Mukherjee has assured that in consultation with the RBI, the Government will take steps to contain the free fall of the currency.
'Mantralaya blaze toll at 5, CM focuses on lost papers', writes the Times of India, about Thursday's blaze in Mumbai. 
'What's cooking in VVIP homes?', asks the Statesman. 'VIP kitchens high on gas', writes Mail Today, adding that politicians consume 30-185 gas cylinders annually, but the common man is allowed only 17.
Trouble in tennis continues. 'Selector flies to UK to coax Paes', is the Times of India headline. 'Pacifying Paes', is how the Statesman puts it.
The 4 year old Gurgaon kid, Mahi, figures in most dailies. 'Digging deep to save her', writes Mail Today. 'Trapped in pit for 48 hours, little Mahi awaits rescue' says the Times of India.
In an Hindustan Times special, 'IIT dissent spreads, 2 more favour own test, now Kharagpur and Bombay may dump Sibal plan', is the paper's headline.
And finally, Planning to buy a car? Well, it seems to be the perfect time to do so. 'Pick your ride, big sale is on', writes the Hindustan Times, on its front page. Auto majors, stuck with more than 3 lakh unsold cars, are on a price slashing spree!

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