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Long power cut around Jajmau

 Recently, Jajmau residents faced a long power cut. It was quite intolerable. Some residents were reportedly sheltered at their relatives' residences in nearby localities. It was definitely a harrowing experience, undoubtedly. People, anyhow, tolerated the worst situation. Such a long-duration power failure in the main localities of the Jajmau area left hapless residents, old ladies, young mothers, and others leaving their homes for relatives' homes, where power supply continued without any disruption.  A totally different scene erupted over a little longer power disruption in Jajmau. There was no clear-cut information about the restoration of the power supply. The residents honestly endured the unsatisfactory situation with the support of an inverter up to 07 a.m.  Certain families moved to their relatives' places to beat the heat.  Even the political leaders kept on asking for the exact timing of the restoration of the normal electricity supply. It was only possibl...
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Rupee stands marginally up in December


What undoubtedly big news! The Indian rupee remained marginally up after the dollar index dipped, showing December retail inflation hitting more magnific signs of easing. The rupee opened at 86.52 against the US Dollar, inching above 86.58 at the close of the earlier trading session.

Rupee opens at above 86 clearly not moaningly, but with a more exceptional and effective sigh. It does not at all hint at a slow recovery. After having endured for two years, the country's rupee stands at another level, watching slightly and balancing until it practically reaches its point.

The Dollar Index, tracking the greenback’s value against six major currencies, eased to 109.54 in early trade reportedly from  109.95 in the previous session. 

This untenable tendency caused inflation to decline to a four-month low of 5.22 per cent in December from 5.48 per cent a month earlier. According to the data unleashed recently, this happened due to food prices providing some kind of reprieve. 

 For the fourth straight month, December has detected a price rise of more than 5%. For the first and foremost time in four months, India’s food inflation rate dropped below 9%, reaching 8.4% in December.

There is some hope because of India's declining inflation, even though pressures are still high. As investors weigh the dangers and opportunities, markets are expected to stabilize in the days ahead, according to Forex Advisors.

The rupee is likely to trade at an elevated level between 86.20 and 86.80, as the current headwinds overshadow the tailwinds. The rupee logged its biggest recession in two years and ended at a record low due to strong dollar demand, outflows from local equities, and  RBI's specified intervention.

According to the RBI Governor, a policy change that permits greater flexibility could affect its value on the foreign exchange market.

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