Rupee hits 56 versus the dollar
The rupee slumped to a new record low of 56 to the dollar on Wednesday weighed down by global risk aversion, with the Reserve Bank of India's intervention earlier in the day seen as too mild to prevent further falls. Full Article
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Indian activist detained ahead of mass fast - media
NEW DELHI |
NEW DELHI Aug 16 (Reuters) - A veteran social activist was detained by police at his home on Tuesday to prevent him from defying authorities with a fast to the death to force tougher laws against corruption, Indian media reported.
Police denied the septuagenarian Anna Hazare permission on Monday to fast near a cricket stadium because he had failed to meet certain conditions, including ending his fast in three days and ensuring not more than 5,000 people took part.
"Police have detained us," Arvind Kejriwal, an aide to Hazare, told NDTV broadcaster before being taken away by plainclothes police in a white car.
Local media said police took Hazare into custody to prevent a breakdown in law and order in India's capital as thousands of followers were due to take part in the fast.
Hazare has become a serious challenge for Prime Minister Manmohan Singh's government, challenging it over its failure to tackle corruption in Asia's third largest economy. (Reporting by Paul de Bendern; Editing by Alex Richardson)
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