The rupee ended Thursday down 0.5% at 96.3150 per dollar — its sharpest single-day fall in over two months — as global bond yields hit decadal highs and Brent crude reclaimed $100 a barrel. State-run banks' dollar sales limited the fall, but foreign outflows and costlier imports keep the pressure on.
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The Union Cabinet on Wednesday approved the Rs 1,86,405-crore Green Energy Corridor Phase-III, to evacuate up to 135 GW of renewable power by 2032-33 with 50 GWh of battery storage. Central assistance of Rs 54,082 crore will offset transmission charges and keep power costs down.
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Oil companies raised 19-kg commercial cylinder prices for a second straight month, lifting Chennai's rate by ₹66.50. Domestic LPG was unchanged. TNCC president Manickam Tagore said small eateries face a festive-season squeeze.
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The court rejected a nationwide firecracker ban and accepted NEERI's call for a "limited and conditional relaxation" for redesigned joined crackers. Sivakasi cheered, but says mass production will have to wait for next year.
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The first Phase II stretch will run non-stop from Porur to Vadapalani while six stations are still being built. Separately, the State is preparing to hand the MRTS to Chennai Metro Rail by December.
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