Monday, June 19, 2023

Puneet Superstar evicted from Bigg Boss OTT 2 within 24 hours


 Social media influencer Puneet Kumar, who is known as Puneet Superstar, entered the house of Bigg Boss OTT Season 2 after much speculation. Due to his actions, he has now been evicted unanimously by the other contestants.

Puneet, the social media star, was the 12th contestant to enter the house of Bigg Boss OTT 2. The show, which will be broadcasted on JioCinema, premiered on June 17. After applying toothpaste on himself in the show, Puneet received his first lesson from Bigg Boss on the very first day. According to the latest updates, Puneet has created history by becoming the first evicted contestant from the show within a few hours of his entry.

The 12th contestant in the Bigg Boss OTT 2 house, Puneet Superstar, entered the show after being grilled by Salman Khan and the panel members. He attracted all the attention due to various controversial reasons. After entering the house, he was seen applying toothpaste on himself. Bigg Boss noticed this issue and gave him a final warning about his behavior in the house. But he didn't pay heed to the advice.

Amidst the shocking turn of events, Bigg Boss OTT 2 has made history by evicting Puneet within the first 24 hours! Last night, Puneet was unanimously evicted by the other contestants from the BB House due to his disruptive behavior. The complete story of his eviction will unfold tonight at 9 PM.

Thursday, June 15, 2023

The US central bank has kept interest rates unchanged, forecasting two hikes by the end of the year

"The support for the acquisition was given because it signifies development perspectives, and they anticipate more data for evaluation, hence the need for extended patience. Federal Governor Christopher Waller and other officials have informed that they can be separate, but caution is exercised regarding the significant increase in inflation rates."

"The US central bankers have relied on lower demand and weaker employment to assist in mitigating pressures from price increases exceeding their 2% target for over two years.


"Mixed Signals"

"Nevertheless, Federal authorities are indicating mixed signs of the expected economic slowdown."

"According to a survey, customers had less confidence in the economy in May, but their expenditure increased in the latest readings of April."

The prices have increased by 4.4% for groceries, following the personal consumption expenditure index, with the emphasis given by the Fed.


As an alternative measure, the Department of Labor's consumer price index experienced further cooling in May, and Federal officials released their data on Tuesday morning, which indicated signs of a slowdown.


In the meeting, the Fed officials also updated their economic projections for 2023. The estimated average growth in production across the country has been marked between 0.4% to 1% from March.


Unemployment is estimated to remain at around 4.1% in the fourth quarter, compared to the projected 4.5% in March. The official unemployment rate stood at 3.7% in May.


The expected rate of increase in the personal consumption expenditure (PCE) index for this year was anticipated to be 3.2%, down from the estimated 3.3% in March. However, the baseline projection for inflation has increased.


The rupee fell by 4 paise to 82.29 against the US dollar


Wednesday, June 14, 2023

The rupee fell by 4 paise to 82.29 against the US dollar

The silent auction for equities under the country's transition saw the Indian rupee depreciate against the US dollar, reaching 82.29, down by 4 paise, during Wednesday's trading.


Market participants attributed this downward trend to the restricted trading range of the rupee due to anticipation of the US Federal Reserve's interest rate decisions. In interbank transactions, the exchange rate opened at 82.28, rose to 82.29, and noted a decrease of 4 paise compared to the previous closing. On Tuesday, the dollar stabilized at 82.25 against the rupee. Factors supporting the appreciation of the rupee include strong fundamentals, stable FII (Foreign Institutional Investor) inflows, and weakening of the dollar index, according to CR Forex Strategist MD Amit Pabari. Pabari further mentioned that the devaluation of the Chinese currency could limit the capacity for rupee appreciation as Chinese banks consider rate cuts due to the economic slowdown. "Overall, we expect the USDINR exchange rate to remain within the range of 81.80-82.80. Importers are advised to hedge against any depreciation below 82-81.80, while exporters should wait for a pullback towards 82.50-60 before taking action," said Pabari. The dollar index, which gained strength against the six-currency basket, appreciated by 0.05% to reach 103.28. Brent crude futures, the global oil benchmark, increased by 0.08% to reach $74.35 per barrel. In the domestic equity market, the BSE Sensex, consisting of 30 shares, traded at 63,119.43, down by 23.73 points or 0.04%. The broader NSE Nifty rose by 5.90 points or 0.03% to reach 18,722.05. Foreign institutional investors (FIIs) were net buyers in the market on Tuesday, purchasing shares worth Rs 1,677.60 crore, as per the exchange data.