Indian rupee at all-time low of 83.33 against US dollar, here's why
Wednesday, 1 November 2023 The Indian rupee hit an all-time low of 83.33 against the US dollar, dropping 9 paise, due to a stronger US dollar and higher US Treasury yields. It had reached a one-year low of 83.28 on October 16.
US Tech Firm to Pay $38,000 in Penalties , After Posting Job Ad for ‘Whites Only’.
In March 2023, Virginia tech firm Arthur Grand Technologies posted a discriminating job ad on Indeed.com, 'The Guardian' reports. .
The ad read, "Only U.S. Born Citizens [white] who are local within 60 miles from Dallas.".
"[Don't share with candidates]," it added.
The ad quickly found attention on
social media and via numerous news outlets.
Within two months of being posted, the Department of Justice's civil rights division launched an investigation into the company. .
On May 23, Arthur Grand Technologies
agreed to pay over $38,000 in penalties.
$7,500 will go to the U.S. Treasury,
and $31,000 will be awarded to those
who filed discrimination complaints.
$7,500 will go to the U.S. Treasury,
and $31,000 will be awarded to those
who filed discrimination complaints.
The company will also be required to
"train its workers on the Immigration and Nationality Act," 'The Guardian' reports. .
Arthur Grand CEO Sheik Rahmathullah "vehemently denies any guilt or wrongdoing in relation to the discriminatory job posting," instead blaming a disgruntled employee.
Upon discovering this, we took
immediate and decisive action to
ensure that this type of incident
will never happen again, including
the immediate termination of
the responsible employee, Arthur Grand CEO Sheik Rahmathullah, via statement
Credit: Wibbitz Top Stories Duration: 01:30Published
The Indian rupee fell 4 paise against the US dollar due to negative trends in domestic equities and foreign fund outflows. The rupee opened at 83.31 against the... IndiaTimes