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Rupee slips below 75 against dollar; closes at six-week low

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Rupee slips below 75 against dollar; closes at six-week low

The rupee weakened further on Friday and settled below $75 per dollar for the first time in 2022, after U.S. inflation accelerated to a 40-year high of 7.5 percent year-on-year in January, spooking global markets.

The rupee weakened after the Reserve Bank of India (RBI) announced a “super dovish” policy on Thursday, and weakened further on Friday on a stronger global dollar.

“The rupee fell against the dollar after U.S. inflation rose sharply in January. U.S. consumer prices rose steadily in January, leading to the largest annual increase in inflation in 40 years, fueling financial market speculation that the Federal Reserve will raise interest rates sharply next month. Motilal Gaurang Somaiya, currency and gold analyst at Oswal Financial Services, said the dollar rose against major crosses after inflation picked up.

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The rupee settled below the 75/$ mark for the first time in 2022 at 75.38, compared to Thursday’s close of 74.94. This is the lowest closing price for the domestic unit since December 22, 2021.

The level was breached by 75 following the release of U.S. inflation data, a currency trader said. “Rupee weakened in early trade due to broad dollar strength,” a trader said.

There was no central bank intervention in foreign exchange markets on Friday, traders said.
The local currency is likely to come under pressure in the coming days as international crude oil prices hover above $90 a barrel. External conditions have been exacerbated by high crude oil prices as India imports more than 80% of its crude oil needs.

“We expect the dollar to trade in the 75.05 and 75.80 range,” Somaiya said.

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Among the global factors, one of the main concerns is inflation, which could affect Indian units. Goldman Sachs has now included a forecast of seven Fed rate hikes of 25 basis points this year, up from five such hikes. The update comes after January’s inflation data. Domestically, crude oil prices will be one of the factors affecting the rupee.

Unlike past 2013 Fed tapering “tantrums” that led to a currency crisis in India, this time is different. The country’s foreign exchange reserves are much higher — $632 billion versus $275 billion — and the current account deficit is much smaller. Inflation also remained within the RBI’s 2-6% target range, albeit closer to the ceiling. The central bank expects inflation to cool from the second half of next financial year, as it expects CPI inflation to come in at 4.5% in FY23.

According to the latest data from the Reserve Bank of India, the country’s foreign exchange reserves stood at nearly $632 billion in the week to February 4. Since peaking in September 2021, the country’s foreign exchange reserves have fallen by about $10 billion.

Complete News Source : Business Standard

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Thug Life Movie Review & Release Live Updates: Kamal Haasan’s Bold New Venture – Is it the Hit We Expected?

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Thug Life Movie Review & Release Live Updates: Kamal Haasan’s Bold New Venture – Is it the Hit We Expected?

Kamal Haasan’s Bold New Venture

Kamal Haasan, the versatile legend of Indian cinema, is back on the big screen with his latest thriller, Thug Life. After weeks of anticipation and a gripping promotional campaign, fans have eagerly awaited the release of this high-octane action drama. The movie, directed by debutant director Arvind Rao, promises to showcase Haasan in a never-before-seen avatar, leading to sky-high expectations. So, does Thug Life live up to the hype? In this blog, we bring you an in-depth review of the film, along with live updates from the first-day box office response. Is Thug Life the next blockbuster hit Kamal Haasan fans have been waiting for?

A Thrilling First Look: What’s Thug Life All About?
At its core, Thug Life is an action-packed thriller that explores the lives of notorious criminals, their complex relationships with law enforcement, and the grey areas of morality. Kamal Haasan plays Vikram Singh, a larger-than-life anti-hero with a troubled past who finds himself caught between the law and the underworld. The film also stars an ensemble cast, including the brilliant actress Simran, who plays a key role as Vikram’s moral compass.

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From the first teaser, it’s clear that Thug Life is set against the backdrop of a gritty urban world, filled with explosive action sequences, intense drama, and gripping twists. The film promises to delve deep into themes of justice, vengeance, and personal redemption. Kamal’s performance, combined with the intriguing premise, has set the stage for a grand theatrical release.

Plot and Direction: The Power of Storytelling
Thug Life is crafted in a fast-paced manner, with suspense building at every corner. The screenplay is written in a way that constantly keeps the audience on edge, making them question the true intentions of the characters. The film’s direction by Arvind Rao has been appreciated for its bold approach in showcasing complex characters and real-world dilemmas.

Kamal Haasan, known for his ability to transform into any character, does not disappoint here. He brings his unparalleled experience to the table, portraying a character who walks the thin line between good and evil. His performance is undoubtedly one of the highlights of the film.

Simran’s portrayal of Maya, a fierce and intelligent woman who challenges Vikram’s decisions, complements Haasan’s character beautifully. Their chemistry on screen elevates the emotional stakes, making the action sequences more impactful.

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Is the Action Worth the Hype?
The action sequences in Thug Life are nothing short of spectacular. From high-speed chases to hand-to-hand combat, the film delivers thrills on every front. The choreography, especially in the fight scenes, stands out for its fluidity and precision. Kamal Haasan, known for his commitment to physical transformation, performs many of the stunts himself, showcasing his dedication to the craft.

One of the standout moments is a tense sequence set in an abandoned warehouse where Vikram faces off against a group of armed criminals. The scene is intense, and the cinematography captures the chaos and confusion, making it a thrilling experience.

Music & Sound Design: A Powerful Impact
The film’s music, composed by the talented Anirudh Ravichander, perfectly complements the high-octane action and dramatic moments. Tracks like “Thug Life Anthem” and “Vikram’s Vengeance” have already started to trend on music platforms, and it’s easy to see why. The music amplifies the tension and excitement, enhancing the overall cinematic experience.

The sound design deserves special mention. Whether it’s the ominous hum during a quiet moment or the deafening roar during action sequences, the sound elevates the tension and immerses the audience in the world of Thug Life.

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Live Box Office Updates: A Promising Start
As the clock strikes midnight, audiences flock to theaters for the first showings of Thug Life. Early reviews on social media are buzzing with excitement, praising Kamal Haasan’s return to form and the gripping narrative. The film’s powerful action sequences and engaging storyline seem to have hit the right chord with fans.

Box office analysts predict a solid opening for Thug Life. With strong pre-release bookings, particularly in Chennai, Mumbai, and Bengaluru, the film is set for a roaring start. Kamal Haasan’s massive fan base is ensuring long lines at theaters, with advance bookings already sold out in several locations.

Reports from the first-day collections are already rolling in, and the numbers look promising. It’s expected that Thug Life will gross over ₹15 crore on its opening day, making it one of the highest openings for Kamal Haasan in recent years.

The Verdict: Is Thug Life Impressive?
Without a doubt, Thug Life is a powerful cinematic experience that showcases Kamal Haasan in peak form. The film succeeds in offering a gripping storyline, memorable characters, and a stellar performance from its lead. The action sequences and emotional depth set it apart from typical masala entertainers, and its themes resonate with today’s audience.

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While the plot may feel familiar to those who have watched similar thrillers, Thug Life distinguishes itself with its sharp direction, compelling performances, and high-quality production values. If you’re a fan of action films with emotional depth, this is a movie you won’t want to miss.

Rating: 4/5 – A must-watch for Kamal Haasan fans and action movie lovers alike.

Live Updates: Is Thug Life Making Waves?
10:00 AM – First Show Starts:
The first show has begun! Fans are already praising Kamal Haasan’s power-packed performance. Social media is flooded with reactions as people seem impressed with the intense action sequences.

12:30 PM – Early Box Office Numbers:
Thug Life is seeing a great response at the box office. Early reports show packed theaters in Chennai, Hyderabad, and Bengaluru. Looks like Kamal Haasan is in for a hit!

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3:00 PM – Social Media Buzz:
The film’s action and Kamal Haasan’s performance are trending on Twitter and Instagram. Fans are calling it his best role in years. Many are also impressed with the music by Anirudh.

6:00 PM – Fan Reactions:
The film continues to dominate social media as fans share videos from theaters. There’s a lot of love for the film’s emotional depth, making it clear that Thug Life is a crowd favorite.

Final Thoughts:
With such a fantastic opening, Thug Life looks set to make waves at the box office. Kamal Haasan’s stellar performance and the film’s impressive direction ensure that this thriller is more than just a typical action flick – it’s a cinematic experience.

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