Rush Hour: Rupee at record low, Congress-led Kerala government scraps Left’s rail project and more

The Indian rupee slumped to a record low of 96.9 against the United States dollar amid elevated global oil prices and economic headwinds caused by the conflict in West Asia. Its value improved marginally to 96.8 by the end of the trade session. However, it had fallen 30 paise from the previous low of 96.5 recorded on Tuesday.

Wednesday was the eighth consecutive trade session in ⁠which the rupee had lost its value. The Indian rupee has been the worst-performing Asian currency in 2026, with a 6% loss in its value ⁠since the conflict began on February ​28. Read on.

The Delhi High Court set aside a sessions court order that had stayed ab first information report being filed against commentator Abhijit Iyer-Mitra for his social media posts in which he made sexually abusive remarks about the women employees of news outlet Newslaundry.

Noting that the sessions court order did not provide any reasons for its decision, the High Court bench remanded the matter back to the judge and asked him to pass a fresh and reasoned order within four weeks. Read on.

Kerala’s new United Democratic Front government said that it was scrapping the Silver Line semi-high-speed railway project planned by the previous Left administration. The proposed 530-km route was to...

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