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Rupee falls 9 paise to 94.94 against US dollar in early trade

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Rupee falls 9 paise to 94.94 against US dollar in early trade

Mumbai, Jun 01: The rupee depreciated 9 paise to 94.94 against the US dollar in early trade on Monday weighed down by elevated crude oil prices as the Israel-Lebanon conflict escalated.

Forex traders said Dollar Index was nearer to 99 levels while oil prices rose to USD 93 per barrel after Israel-Lebanon conflict escalated following sharp weekly drops as Washington and Tehran discussed potential ceasefire that could eventually ease out the disruptions around Strait of Hormuz.

At the interbank foreign exchange market the rupee opened at 94.93 then lost some ground and touched an early low of 94.94, registering a fall of 9 paise from its previous close.

In initial trade, the rupee also touched 94.75 against the American currency.

On Friday, the rupee appreciated 73 paise to close at 94.85 against the US dollar on suspected interventions by the RBI.

“The rupee closed at a high as RBI was present in the market selling dollars ensuring that it did not cross 96.00 levels again. Though there were outflows related to MSCI the rupee was able to maintain its Mojo solely due to the presence of RBI in the markets,” said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP.

According to RBI’s latest data released on Friday, India’s forex reserves dropped by USD 7.511 billion to USD 681.384 billion during the week ended May 22, the RBI said on Friday.

In the previous reporting week, the kitty had dropped USD 8.094 billion to USD 688.894 billion.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 99.04 up 0.11 per cent.

“The dollar index has been well bid at all lower levels due to safe haven demand with conflict continuing in the Middle East,” Bhansali said.

Brent crude, the global oil benchmark, was trading higher by 1.98 per cent at USD 92.92 per barrel in futures trade.

On the domestic equity market front, Sensex climbed 206.16 points to 74,981.90 in early trade, while the Nifty was up 42.65 points to 23,604.80.

Foreign institutional investors offloaded equities worth Rs 21,105.86 crore on a net basis on Friday, according to exchange data.

Meanwhile, US President Donald Trump has said the US and Iran are close to a “very good deal,” but if Washington does not get what it wants, then it will “end it in a different way.”

Trump said the Iranians are “good negotiators,” but argued that the United States now holds “all the cards” because Iran has been “militarily defeated.”

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US bombs Iranian military sites; Kuwait hit by drone, missile fire

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US bombs Iranian military sites; Kuwait hit by drone, missile fire

The United States bombed Iranian radar and drone control sites in Iran after Tehran shot down an American MQ-1 Predator drone this weekend, the American military said Monday.

Iran acknowledged launching a retaliatory strike, while Kuwait said it was intercepting incoming drone and missile fire.

The duelling attacks reflect the fragility of a weekslong ceasefire in the Iran war, which has seen repeated attacks even as American and Iranian officials try to negotiate a deal to extend it.

Iran has maintained its chokehold on the Strait of Hormuz in the meantime, disrupting global energy supplies as a fifth of all oil and natural gas traded once passed through the narrow mouth of the Persian Gulf.

Meanwhile, fighting continues to escalate as Israel extends its occupation of Lebanon beyond the Litani River and as the militant group Hezbollah continues to launch drones into Israel.

The US military’s Central Command said it carried out the strikes in Iran on Saturday and Sunday around the city of Geruk and on Qeshm Island.

“The measured and deliberate strikes occurred … in response to aggressive Iranian actions that included the shootdown of a US MQ-1 drone that was operating over international waters,” Central Command said.

“US fighter aircraft swiftly responded by eliminating Iranian air defences, a ground control station, and two one-way attack drones that posed clear threats to ships transiting regional waters.”

The Predator has been phased out of service by the US Air Force, which now flies the MQ-9 Reaper, though the US Army still flies the Predator. The US military said no American troops were hurt in the attacks.

Kuwait, meanwhile, said its air defences had opened fire early Monday morning to intercept incoming drone and missile fire. Iran’s paramilitary Revolutionary Guard in a statement carried by the state-run IRNA news agency that US forces had targeted a telecommunications tower on an island.

The Guard said it responded with an attack without saying where, likely referring to the attack on Kuwait.

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Adityanath urges people to protect nature, links environmental conservation to Sanatan traditions

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Adityanath urges people to protect nature, links environmental conservation to Sanatan traditions

Lucknow, June 01: Uttar Pradesh Chief Minister Yogi Adityanath on Monday asked people to actively participate in environmental conservation, saying protection of nature is deeply rooted in ‘Sanatan’ culture and should be treated as a collective responsibility rather than an annual ritual.

In an open letter titled “Yogi Ki Pati” posted on X ahead of the World Environment Day on June 5, he said worship of trees, mountains, rivers and living beings has been an integral part of Sanatan (eternal) traditions and that the Vedas regard reverence for nature as worship of God.

“World Environment Day should not remain an annual formality but become an expression of our shared gratitude towards nature,” he said.

The chief minister said the concept of the three debts mentioned in Sanatan tradition — ‘Dev Rin, Rishi Rin and Pitri Rin’ — underscores humanity’s obligation towards nature.

“Conservation of water, forests, land and the entire creation is the path to repaying this debt,” he said, adding trees are not merely natural resources but living symbols of divinity, life, knowledge, health and public welfare.

Referring to the recently observed Vat Savitri fast, Adityanath said millions of women had participated in the ritual, reflecting the deep connection between Indian culture and nature.

Festivals such as Chhath and the Mahakumbh are also symbols of this enduring faith, he added.

The chief minister stressed that commitments towards afforestation, water conservation and river rejuvenation have become more important than ever.

“‘Jal hai to hum hain’ (If there is water, there is life) is not merely a slogan but the essence of existence,” he said.

Highlighting the state’s environmental initiatives, Adityanath said the inclusion of the Shekha Jheel Bird Sanctuary has taken the number of Ramsar sites in Uttar Pradesh to 12.

He also cited the success of the state’s “One District One River” programme, saying it demonstrated that nature could be preserved through coordinated efforts by society and the government.

Addressing the youth, the chief minister urged them to become the backbone of campaigns related to water conservation, cleanliness, tree plantation and river protection.

“Youth energy and participation are the greatest strengths for building a green and prosperous Uttar Pradesh,” he said.

He also appealed to children to plant and nurture at least one sapling every year on their birthdays or other special occasions.

Calling for collective action on World Environment Day, Adityanath urged citizens to pledge themselves to protecting nature, conserving water resources and safeguarding trees.

“A safe, clean and prosperous environment is the foundation of a developed state,” he said.

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Rasikh Salam, Virat Kohli star as RCB wins second IPL title

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Rasikh Salam, Virat Kohli star as RCB wins second IPL title

Ahmedabad, Jun 01: Royal Challengers Bengaluru (RCB) lifted their second Indian Premier League (IPL) title after defeating Gujarat Titans (GT) by five wickets in the IPL 2026 final at the Narendra Modi Stadium in Ahmedabad.

Chasing a target of 156 runs, RCB comfortably reached 161/5 in 18 overs with Virat Kohli anchoring the innings through an unbeaten 75 off 42 balls, hitting nine fours and three sixes. Venkatesh Iyer provided valuable support with a brisk 32-run knock off 16 deliveries.

Earlier, RCB bowlers produced a disciplined effort to restrict Gujarat Titans to 155/8 in 20 overs. Young pacer Rasikh Salam emerged as the star with the ball, claiming 3 wickets for 27 runs in his four overs. Bhuvneshwar Kumar and Josh Hazlewood also chipped in with two wickets each.

For Gujarat Titans, Washington Sundar top-scored with 50 runs off 37 balls, while Nishant Sindhu contributed 20. Jos Buttler made 19 runs, but the Titans failed to build substantial partnerships and were unable to post a challenging total.

During the chase, Gujarat Titans attempted to pull things back through Rashid Khan, who returned figures of 2/25. However, Kohli remained composed throughout the innings and ensured Bengaluru stayed on course for victory. Tim David added 24 runs, while skipper Rajat Patidar scored 15.

The triumph marked a memorable night for Royal Challengers Bengaluru as the franchise secured its second IPL crown. Kohli once again played a defining role in the title victory, while Rasikh Salam’s match-changing spell with the ball proved crucial in setting up the win.

With the victory, RCB finished IPL 2026 as champions, while Gujarat Titans concluded an impressive campaign as runners-up after falling short in the summit clash. (JKNS)

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Palestinian man shot dead by Israeli forces at West Bank barrier near Jerusalem

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Palestinian man shot dead by Israeli forces at West Bank barrier near Jerusalem

Cairo, May 31: A Palestinian man was shot and killed by Israeli forces on Sunday at a concrete barrier separating the occupied West Bank from Jerusalem, the Palestinian Health Ministry said.

The ministry identified him as 26-year-old Imad Haroun Ishtayeh from the village of Salem, east of the city of Nablus. It said Israeli forces shot him in a thigh in al-Ram town, and he was pronounced dead at the Palestinian Medical Complex in Ramallah.

Footage circulating online showed people carrying his body and climbing down a ladder that had been placed against the wire-topped barrier, while traffic continued to roll by and a horn blared.

Israeli police didn’t immediately respond about the shooting.

Ishtayeh was attempting to cross from the West Bank to Israel. Many people have been shot trying to cross the barrier, including a 44-year-old father who was killed earlier this month.

Ishtayeh previously ran a poultry slaughterhouse in his home village of Salem, financially supporting his ill father. But business deteriorated as an economic crisis hit the West Bank and he decided to cross into Israel in search of a job, a relative, Nasser Ishtayeh, told The Associated Press.

On his first attempt on Saturday, Israeli security was tight, the relative said. After spending the night with other Palestinians hoping to cross into Israel, Haroun Ishtayeh tried again on Sunday morning and was shot.

“He was directly shot with live bullets and died at the hospital,” Nasser Ishtayeh said.

An increasing number of Palestinians from the West Bank have tried to enter Israel illegally to work in recent years. Tens of thousands of Palestinians had held Israeli work permits, but access was sharply restricted after the attack by Hamas-led militants on southern Israel on Oct. 7, 2023, sparked the war in Gaza.

Since then, unemployment in the West Bank has surged amid an economic slowdown. And around 50 workers have been killed by Israeli fire, with over 38,000 arrested though many were later released, the Palestinian official WAFA news agency reported Sunday, citing the General Federation of Palestinian Trade Unions.

2 are killed in Gaza and 2 are hurt in a West Bank ramming

Two Palestinians were killed and at least 10 injured when a group of people was struck near the port in Gaza City, according to Shifa hospital, which received the casualties. There was no immediate comment from Israel’s military.

A fragile ceasefire remains in place between Israel and the militant Palestinian Hamas group in Gaza.

And in the West Bank, emergency responders said a 17-year-old Israeli girl was in serious condition and a 15-year-old teen also was hurt in what police described as a ramming attack near a bus stop at Gush Etzion Junction.

Israel’s military said a soldier “eliminated the terrorist on site.” It also said a third Israeli civilian was hurt.

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Chase master Kohli, accurate bowlers propel RCB to second IPL title in a row

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Chase master Kohli, accurate bowlers propel RCB to second IPL title in a row

Ahmedabad, May 31: It was a night dotted with chilling certainty.

Royal Challengers Bengaluru translated their domination from Day 1 of this IPL into a second successive title, and Virat Kohli anchored that five-wicket romp over Gujarat Titans with a patented chase masterclass of unbeaten 75 here on Sunday.

If the Titans’ innings of 155 for eight was filled with trepidation, Royal Challengers’ 161 for five in 18 overs was full of intent and confidence.

And those words are forever entwined with Kohli’s batting and the latest evidence was his 42-ball unbeaten innings.

As he has done throughout his career, the batting super star strode out with an unflinching desire to take his side home.

That purpose was evident in his dismantling of Kagiso Rabada with a sequence of 4, 4, 6, 4, right after his opening partner Venkatesh Iyer handed the South African a similar punishment in the second over that yielded 18 runs.

Kohli and Venkatesh added 62 runs in just 4.3 overs to rain even on the distant dreams of the Titans.

Once Rabada was nullified in three straight overs of his, the Titans did not have enough ammunition in the Power Play, in which RCB amassed 70 for two, to make an impact.

The dismissal of Venkatesh and Devdutt Padikkal followed by the quick departure of skipper Rajat Patidar and Krunal Pandya saw RCB slipping to 91 for four.

But amid this little cavern of chaos, Kohli stood firm like a fort, stopping GT’s advances, and the 37-year-old reached his fifth fifty of the season with pulled four off pacer Arshad Khan.

Tim David (24, 17b) produced a mini storm that eased the pressure on Kohli, who survived a scare as Shubman Gill’s catch off Arshad was found to have bumped on the grass in the umpire’s review.

The champion batter soon so befittingly fetched the winning moment for RCB with a six off Arshad.

The thundering shot also transformed the RCB dugout into a school children’s after examination party.

Patidar, who joined MS Dhoni and Rohit Sharma as the only captain to have successfully defended an IPL title, shed his usual stoic face, breaking into a wide grin.

Others around him rushed to the field to gather around Kohli, the beating heart of his franchise since 2008.

But before Kohli put on display his undimmed abilities in white ball format, RCB bowlers exploited a slow pitch to perfection, restricting a lethargic Gujarat Titans to a sub-par 155 for eight.

Shot-making was not exactly an easy proposition on the pitch No. 6 at the Narendra Modi stadium, a mix of red and black soil, and it aptly reflected in the GT batting.

Washington Sundar resisted the trend with an unbeaten 50 (37b, 5×4), but the damage around him was far too big to mitigate.

The fatigue of playing Qualifier 2 on Friday and a delayed departure because of inclement weather at Mullanpur also might have added to their list of woes.

But none of that should not take any credit away from the RCB bowlers who found the correct lengths on this deck.

The Titans needed skipper Gill and his opening partner B Sai Sudharsan to fire upfront to pile a competitive total, but they failed in that endeavour.

A steady beginning was not alien to GT openers but Gill’s swat off Josh Hazlewood (2/37) took the leading edge of his bat to create a simple catch for his opposite number Patidar.

Sudharsan, who was once saved by DRS from being caught behind off Jacob Duffy, did not last long either.

The left-hander’s woeful pull off a well-directed high and wide bouncer by Bhuvneshwar Kumar (2/29) did not travel beyond a running-in stumper Jitesh Sharma.

Once their two batters, who have amassed over 700 runs each this season, the GT batting lost its rudders, ending an underwhelming Power Play phase at 45 for two.

There was no real fire in the rest of the batters to enact a recovery act.

Jos Buttler (19) and Washington, who brought up his fifty in 37 balls, tried to keep the Titans’ innings together but they struggled to shake off their defensive mien.

The young pacer Rasikh Salam Dhar (3/27), who continued his impressive run behind leaders Bhuvneshwar and Hazlewood, picked up the wickets of an out-of-sync Nishant Sindhu (20 off 18 balls) and Rahul Tewatia as the home side lost the cream of its batting line-up even before reaching 100.

That the Titans had to wait till the 13th over for the first six off their innings — a mighty drag over mid-wicket off Krunal Pandya by Arshad — underlined GT’s turmoil on the night that belonged entirely to RCB and Kohli.

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ASI succumbs to accident injuries in Jammu

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ASI succumbs to accident injuries in Jammu

Jammu, May 31: An Assistant Sub Inspector (ASI) of Jammu and Kashmir Police (JKP) succumbed to his injuries sustained during an accident at Gangyal in Jammu outskirts on Sunday.

Police said that ASI Karamjeet Singh, posted at Police Station Gangyal, was admitted to Government Medical College Hospital (GMCH) Jammu in critical condition, following an accident at Gangyal where he was hit by a vehicle.

“He expired during the treatment. In the same case, Rajesh Kumar, a resident of Uttar Pradesh also sustained injuries,” Police said.

Police registered a case in this connection and started an investigation.

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India-Oman trade pact to open new export opportunities for Kashmir handicrafts, agri products

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India-Oman trade pact to open new export opportunities for Kashmir handicrafts, agri products

Kashmir’s export sector, particularly handicrafts and agricultural products, is expected to benefit from the India-Oman Comprehensive Economic Partnership Agreement (CEPA), which is set to come into force from June 1 and is likely to improve market access, reduce tariff barriers and enhance competitiveness for Indian goods in Oman.

Industry stakeholders in Kashmir said the agreement could create fresh opportunities for exporters in the Valley, especially in sectors such as handicrafts, hand-knotted carpets, papier-mâché products, shawls, dry fruits and horticulture-based products that already enjoy a market presence in Gulf countries, including Oman.

President of the Kashmir Chamber of Commerce and Industry (KCCI), Javid Ahmad Tenga, said a significant portion of Kashmir’s exports already reach Oman and described the agreement as a positive development for the Valley’s trade ecosystem.

“A significant share of Kashmir’s exports is already going to Oman, and this agreement is a good sign for exporters. It can improve opportunities for handicrafts and other products from Kashmir by making trade easier and more competitive,” Tenga said.

The India-Oman CEPA, to be formally announced by both countries on Monday, will provide India with 100 per cent duty-free market access covering 98.08 per cent of Oman’s tariff lines and 99.38 per cent of trade value, substantially improving price competitiveness for Indian exports.

Trade experts believe the agreement could be particularly beneficial for Kashmir’s labour-intensive sectors, including handicrafts, handloom and processed agricultural products, which depend heavily on overseas demand and price competitiveness.

Under the agreement, key Indian export sectors expected to gain include textiles, agricultural goods, processed food, gems and jewellery, transport equipment and precision instruments, while additional opportunities are expected in chemicals, machinery, minerals, plastics, paper, marble and glass products.

All zero-duty concessions will come into effect from the first day of implementation.

The pact also offers duty-free access to several food and agricultural products and is expected to improve India’s competitiveness in markets where goods currently attract tariffs of around five per cent.

According to official trade details, bilateral trade between India and Oman stood at USD 11.18 billion during 2025–26, with Indian exports valued at USD 4.02 billion, reflecting growing economic engagement between the two countries. Oman is India’s third- largest export destination among Gulf Cooperation Council (GCC) nations and serves as a strategic gateway to wider Middle Eastern and African markets.

Tenga said the agreement could help Kashmir exporters expand their footprint in Gulf markets if supported by better logistics, branding and market outreach.

“Kashmir handicrafts and exports have demand abroad, particularly in Gulf countries. Agreements like these improve confidence among exporters and can help increase market access,” he said.

Industry stakeholders, however, said long-term benefits for Kashmir would depend on strengthening export infrastructure, improving freight connectivity and ensuring that small exporters are able to take advantage of new trade opportunities emerging under the India-Oman CEPA.

The India-Oman agreement marks the fifth free trade pact implemented under the PM Narendra Modi
government and is being viewed as a major step in expanding India’s economic presence in the Gulf
region.

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UN adds Israel to blacklist over alleged conflict-related sexual violence

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UN adds Israel to blacklist over alleged conflict-related sexual violence

According to the BBC, the United Nations has, for the first time, added Israel to its blacklist of parties accused of committing conflict-related sexual violence.

A report by the office of UN Secretary-General António Guterres said the UN verified 31 cases of sexual violence allegedly perpetrated by Israeli security forces against Palestinians in Gaza and the West Bank, including allegations of rape, forced nudity and genital violence.

The BBC reported that Israel rejected the allegations, with its UN ambassador Danny Danon accusing Guterres of spreading “antisemitic lies” and announcing that Israel would suspend contact with the secretary-general’s office.

The report also added Russian armed and security forces to the blacklist for the first time over alleged sexual violence against prisoners of war and civilian detainees during the conflict in Ukraine.

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4 drug peddlers arrested, heroin seized in Udhampur

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4 drug peddlers arrested, heroin seized in Udhampur

Udhampur Police apprehended four alleged drug peddlers and recovered heroin in three separate operations conducted in the district on Sunday.

According to police, a team from Police Station Udhampur arrested three persons in two separate actions. During checking and frisking, police recovered 3.68 grams of heroin from the possession of Burhan Nazir, a resident of Srinagar. In another operation, 13.12 grams of heroin was seized from Abrar Ul Islam and Haris Ahmad Dar, both residents of Kupwara district.

Following the recoveries, FIR Nos. 234/2026 and 236/2026 have been registered at Police Station Udhampur under sections 8/21/22 of the Narcotic Drugs and Psychotropic Substances (NDPS) Act, and investigation has been initiated.

In a separate action, a police party from Police Station Rehambal, during naka checking at Phalata Naka, apprehended Raj Kumar, son of Som Raj and a resident of Sandrot, Dansal in Jammu district. During his frisking, police recovered 3.73 grams of heroin from his possession.

A case under FIR No. 121/2026 has been registered at Police Station Rehambal under sections 8/21/22 of the NDPS Act.

Police officials stated that further investigation is underway in all the cases to ascertain the source and intended destination of the seized contraband.

“A senior police officer said that the drive against drug trafficking under the Nasha Mukt Jammu and Kashmir Abhiyan is continuing across the region.”

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