Rupee dives below 73 to hit new low - GN Headlines - video Dailymotion

Rupee dives below 73 to hit new low - GN Headlines

Transcript

00:00Good day and welcome to the Gulf News Update for Wednesday, October the 3rd.

00:06Here are the top stories at this hour.

00:09Eight members of an Emirati family were killed in an early morning blaze which ripped through

00:14a villa in Abu Dhabi on Tuesday.

00:17The deceased are two women and six children, aged between two and five, police and family

00:23members confirmed to Gulf News.

00:25Firefighters and investigators sifted through the rubble on Tuesday to investigate the cause

00:31of the fire at the house in Baniyas.

00:34The blaze began on the ground floor and swept through the two-storey premises before firefighters

00:40could arrive.

00:42The Indian rupee registered a new all-time low against the US dollar this morning, slipping

00:47below the 73 mark for the first time.

00:50A surge in crude oil prices along with demand for the dollar and strength of the greenback

00:56overseas hurt the rupee, according to analysts.

01:00Extended weakness in the rupee comes despite the Reserve Bank of India announcing massive

01:05bond purchases this month to ease liquidity.

01:09Analysts will closely watch the outcome of a three-day policy meeting which began today.

01:15The death toll in Indonesia's twin quake-tsunami disaster passed 1,400 today, with time running

01:23out to rescue survivors and the UN warning of vast needs.

01:28The National Disaster Agency said the number of dead had risen to 1,407 across four areas

01:35around the ravaged seaside city of Palem.

01:38Authorities have set a tentative deadline of Friday to find anyone still trapped under

01:44rubble, at which point the chances of finding survivors will dwindle to almost zero.

01:51Chinese tax authorities have ordered X-Men star Fan Bingbing and companies she represents

01:57to pay taxes and penalties totaling $130 million.

02:03But the order spares her from criminal prosecution.

02:07The announcement ended months of speculation over one of China's highest-profile entertainers

02:13since she disappeared from public view three months ago.

02:17Of the total amount, Fan is being personally fined around $70 million for tax evasion.

02:25And finally, the weather.

02:26Today's high across the UAE will be 39 degrees Celsius, dropping to 27 degrees at night.

02:33That's all for now.

02:34Thanks for watching.

02:35And as always, you can get the latest updates on govnews.com.

02:43And as always, thanks for watching.

02:44And as always, thanks for watching.