Rupee dives below 73 to hit new low - GN Headlines
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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.