Rupee closes in on 69 vs dollar, its biggest day fall in 18 years

The rupee slumped to a record low near 69 to the dollar on Wednesday on growing worries that foreign investors will continue to sell out of a country facing stiff economic challenges and volatile global markets. 

The pummelling in markets sent the rupee reeling 3.7 per cent to an all-time low of 68.85 with the unit closing just a touch off that, at 68.80/81 per dollar, its biggest single-day fall since October 1995. 

It closed on Tuesday at 66.24/25. In absolute terms too, the 256-basis-point fall in the rupee was the biggest ever. 

An assault on the psychologically key 70 level now appears imminent, as intervention from the central bank seen mid-morning only gave the rupee a brief respite. 

In the stock market, state-run Life Insurance Corp, which was spotted buying shares, allowed the domestic benchmark index to erase steep early losses and end the day stronger. 

"If steps are not taken to implement the reforms necessary to tackle the structural issues, the government will be left with the so-called '3D options': debt default, devaluation, deflation," said Angelo Corbetta, head of Asia equity for Pioneer Investments in London. 

"In India, devaluation is happening now and deflation could be about to start. The good news is that the debt default is highly unlikely." 

Foreign investors have sold almost $1

IRAN'S NEW PRESIDENT HASSAN ROWHANI

Tehran: Iran's new President Hassan Rowhani was set to take the oath before parliament on Sunday a day after taking office with a promise to work to ease crippling Western sanctions.

The 64-year-old cleric, who the West is hoping will take a more constructive approach in long-running negotiations over Iran's controversial nuclear programme, was also expected to unveil his government line-up, Iranian media reported.

Rowhani formally took office on Saturday at a ceremony in which he received the endorsement of supreme leader Ayatollah Ali Khamenei, who retains the final

Facebook pays bug hunters $1 mn; India 2nd biggest recipient

Social networking giant Facebook said it has paid over $1 million in the past two years to security researchers who report bugs on its website, with India second among recipients by country.

India, which has over 78 million Facebook users, is also second on the list of countries with the fastest-growing number of recipients of its Bug Bounty programme.

A bug is an error

5-Year old raped in New delhi

A five-year-old who was kept hostage, mutilated and raped by her neighbour, is fighting for her life at Delhi's famous AIIMS hospital.

The barbarous attack on her - she was violated with pieces of a candle and a bottle - has outraged the city. Through the day, protestors shouted slogans against politicians and the police at the hospital where she was being treated in East Delhi till she was moved to the All India Institute of Medical Sciences (AIIMS).

The man who attacked her is missing. Doctors who treated the child said her injuries show he tried to strangle her.

Google Glass : The future is here

The Google glass is the next future of computing and mobile technology. The things we saw in sci-fi movies are going to be real.Google Glass is a wearable computer with a head-mounted display (HMD) that is being developed by Google in the Project Glass research and development project, with the mission of producing a mass-market ubiquitous computer. Google Glass displays information in a smartphone-like hands-free format, that can interact with the Internet via natural language voice commands. While the frames do not currently have lenses fitted to them, Google is considering partnering with sunglass retailers such as Ray-Ban or Warby Parker, and may also open retail stores to allow customers to try on the device. The Explorer Edition cannot be used by people who wear prescription glasses, but Google has confirmed that Glass will eventually work with frames and lenses that match the wearer's prescription; the glasses will be modular and therefore possibly attachable to normal prescription glasses.

Assassin's Creed 4 : Black Flag Release Date

Hello Guys Its been a while posting on Txhster. But I am back with great news for Assassin's fans the 6th major installment of this series and sequel to Assassin's Creed 3.

GAMEPLAY:

The game will feature three main cities; Havana, Kingston, and Nassau, which reside under Spanish, English and pirate influence respectively. The game will also feature 50 locations to explore, with 60/40 balance between land and naval exploration.Assassin's Creed IV will have a more

Samsung Galaxy S4 vs Nokia Lumia 920

This comparsion review which i read in pcadvisor.uk about the comparison on s4 and lumia 920 was excellent ...

We recently polled nearly 30,000 people on what they thought was the most desirable smartphone, money no object, a massive 30 percent of them went for the Nokia Lumia 920. This flagship Windows phone may not be the most popular smartphone in terms of sales, but those who like the Nokia Lumia 920 *love it*.

On the other hand the Samsung Galaxy S4 is one of the most anticipated smartphones ever. It is likely to be the most popular high-end Android phone on the market when it launches in the UK on April 26th. But how does the Galaxy S4 shape up when compared to the most desirable Windows Phone 8 handset: the Nokia Lumia 920? We compared the two phones to find out.

Samsung Galaxy S4 vs Nokia Lumia 920: Design

The Galaxy S4 looks quite similar to the Galaxy S3 in design. The Galaxy S4 is rounded and pebble-like. The S4 is mostly plastic with a removable cover and comes either in black or white.