Death toll in attack on Kyiv apartment building now stands at 24
Kyiv (AP): Ukrainian President Volodymyr Zelenskyy said Friday that a Russian missile attack on a Kyiv apartment building the previous day killed 24 people, including what local officials said were three teenagers.
Emergency workers finished digging through the building's rubble after more than a day, Zelenskyy said on X.
The cruise missile hit the nine-story corner block during what the Ukrainian air force said was Russia's biggest barrage of the country since its all-out invasion.
The assault mostly targeted the Ukrainian capital, where 48 people were wounded, including two children, Zelenskyy said.
Russia hammered Ukraine with large-scale aerial attacks in the days following a May 9-11 ceasefire that US President Donald Trump said he asked Zelenskyy and Russian President Vladimir Putin to observe. Fighting went on over those 72 hours, although reportedly on a lesser scale.
This week's attacks ran counter to recent suggestions from Trump and Putin that the war, now in its fifth year, is close to ending.
Zelenskyy said Thursday that Moscow had launched more than 1,560 drones against Ukrainian population centres since Wednesday. In all, some 180 sites across the country were damaged, including more than 50 residential buildings, he said.
Previously, the biggest Russian drone attack was from the evening of March 23 to the evening of March 24 when Moscow's forces fired nearly 1,000 drones and missiles at Ukraine.
Ukraine has also built up significant long-range capabilities, and Russia's Defense Ministry said Friday that air defences downed 355 drones overnight in one of the largest Ukrainian drone attacks of the war.
Several airports suspended flights overnight because of the attacks.
Also, a Ukrainian drone attack on Ryazan, about 100 kilometres (60 miles) southeast of Moscow, killed four people, including a child, Ryazan Governor Pavel Malkov said.
After the attack, massive plumes of black smoke spewed from a fire at a local oil refinery. Ukraine has targeted Russian oil facilities in an effort to deny vital export revenue for Moscow and rattle the Kremlin.
Ukrainian officials made no immediate comment about the Ryazan strike.
The Ukrainian capital observed an official day of mourning Friday in remembrance of those killed Thursday, and Zelenskyy visited the site.
The cruise missile that hit the apartment building was built in the second quarter of this year, Zelenskyy said, apparently after Ukrainian experts analyzed the wreckage.
“This means Russia is still importing the components, resources and equipment necessary for missile production in circumvention of global sanctions,” Zelenskyy said in another post on X late Thursday.
“Stopping Russia's sanctions evasion schemes must be a genuine priority for all our partners,” he said.
Russia and Ukraine have continued to occasionally swap prisoners of war, and 205 from each country returned home Friday.
Zelenskyy said it was the first phase of a planned 1,000-for-1,000 prisoner swap. Some of the Ukrainians released had been held in Russian captivity since 2022, he said, and had fought in some of the war's fiercest battles.
Russia's Defence Ministry confirmed the exchange and thanked the United Arab Emirates for helping broker it.
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Rupee hits record low of 96.14/USD, settles at fresh closing low of 95.86/USD
Mumbai (PTI): The Indian rupee crashed below the 96/USD mark on Friday before closing at an all-time low of 95.86 (provisional) against the US dollar as elevated crude oil prices and inflation concerns added to the downside pressure on the rupee.
Rupee has registered over 6 per cent losses so far this year, and in the past six trading sessions, it has depreciated nearly 2 per cent as Iran war risk escalation pushed crude oil prices higher. The dollar index moved northwards after strong US retail sales and stable labour market data reduced expectations of aggressive Federal Reserve rate cuts.
Forex traders said global uncertainties, relatively high valuations, and the lack of AI-led investment opportunities have weighed on capital flows.
Moreover, weak net FDI inflows are likely to exert pressure on the balance of payments, while rising crude oil prices stoke inflation worries.
At the interbank foreign exchange, the rupee opened at 95.86, then slumped to a record low of 96.14 in intraday trade, registering a fall of 50 paise from its previous close.
The USD/INR pair finally settled at 95.86 (provisional) against the US dollar, registering a fall of 22 paise from its previous close, helped by likely RBI intervention.
On Thursday, the rupee weakened to a fresh record low of 95.96 before closing with a marginal gain of 2 paise at 95.64 against the US dollar.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 99.15, higher by 0.34 per cent.
Brent crude, the global oil benchmark, was trading up 3.14 per cent at USD 109.04 per barrel in futures trade.
On the domestic equity market front, Sensex fell 160.73 points to settle at 75,237.99, while Nifty declined 46.10 points to 23,643.50.
Foreign Institutional Investors turned net buyers, purchasing equities worth Rs 187.46 crore on Thursday, according to exchange data.
Meanwhile, the country's exports in April rose by 13.78 per cent to USD 43.56 billion despite global challenges, Commerce Secretary Rajesh Agrawal said on Friday.
Imports grew 10 per cent year-on-year to USD 71.94 billion in April. The trade deficit during the month stood at USD 28.38 billion.
"We expect the rupee to trade with a negative bias on elevated crude oil prices and inflation concerns. Strong dollar and FII outflows may also weigh on the rupee. However, any intervention by the RBI and hiking of import duty on gold and silver may support the rupee at lower levels. USD-INR spot price is expected to trade in a range of 95.60 to 96.20," said Anuj Choudhary, Research analyst at Mirae Asset ShareKhan.
Chinese President Xi Jinping and his US counterpart Donald Trump on Friday hailed their talks as "historic" and "landmark", as the American leader wrapped up his three-day visit on a high note, but no deals on any contentious issues were announced.
Both Presidents, who held several rounds of talks covering a range of global issues, including the Iran war and bilateral trade frictions, concluded their discussions with a private meeting at Zhongnanhai, the well-guarded compound in Beijing where top leaders reside.
