Rome has printed one million bus and metro
tickets bearing Pope Francis' silhouette, the city's transport operator
said today. Atac said the limited edition tickets will go on sale
tomorrow and depicts the Argentinian pontiff as he greeted the crowd
from the balcony of St Peter's Basilica just after his appointment on
March 13. The tickets are valid for a limited period on all of Rome's
bus and metro services. "Atac pays homage to the new pope who
appreciates public transport," it said, referring to the Argentinian
pontiff's habit of using the bus- and metro system when he was the
archbishop of Buenos Aires. Rome's mayor Gianni Alemanno welcomed the
news. "It's a beautiful initiative," he said. "It's a way of greeting
the new pontiff and wish him welcome." Just two weeks into his
pontificate, the pope has gained a strong following for his simple and
friendly manner, drawing large crowds to the Sunday Angelus prayer in St
Peter's Square. Upon the beatification of John Paul II two years ago,
Atac launched a similar initiative, issuing limited edition tickets that
were adorned with the late pope's portrait.
Correlating the ups and down in the Indian rupee with the stock market, Vijay Bhambwani, CEO, bsplindia.com, suggests that if the rupee continues with its downward fall, the Indian stock market may fall breach October lows and fall further. “If the rupee falls below the 53.0-53.50 mark vis-a-vis the USD, expect a mini meltdown atleast in the equity markets. In that case, the 2250 level (on Nifty) will be breached easily to form a new low. The possibility of that low being below the 2000 levels on the Nifty spot is fairly high,” he says. Bhambwani supports his outlook by comparing the value of rupee at the time of October lows. “The October 2008 lows were made with the INR at 51.20 - 51.40 band. The rupee has breached the 52 level since then. Clearly the nation’s ‘share price’ (currency) indicates weakness. The curency market is a far more accurate barometer of the nation’s health compared to the equity indices. Whether you like it or not, we are under siege. Had it not been March (NAV ...
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