EAM Jaishankar to make statement in LS on situation in West Asia
New Delhi (PTI): External Affairs Minister S Jaishankar will make a statement in the Lok Sabha regarding the situation in West Asia on Monday.
The second half of the Budget session of Parliament will begin on Monday.
According to the revised list of business of the Lok Sabha for March 9 circulated on Sunday evening, "Dr S Jaishankar to make a statement regarding the situation in West Asia."
Till Saturday, the opposition-backed resolution seeking removal of Om Birla as the Lok Sabha speaker was the only listed official agenda for Monday.
The opposition has demanded a discussion on the situation in West Asia in the House.
India is continuously monitoring the evolving situation in West Asia, especially in the context of the safety of its citizens stranded in the region.
The Ministry of External Affairs (MEA) has said more than 52,000 Indians have returned to the country following the partial opening of the airspace across the region.
The security situation in West Asia remains precarious as the US and Israel continue their bombardment of Iranian targets while Tehran retaliates with strikes against Israeli positions and US military bases across the region.
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Rupee crashes 46 paise to 92.28 against US dollar in early trade, nears all-time low
Mumbai (PTI): The rupee plummeted 46 paise to near its all-time intra-day low of 92.28 against the US dollar in early trade on Monday as global crude oil prices shot up and the greenback strengthened amid the worsening situation in the Middle East.
Brent crude, the global oil benchmark, was trading higher by a staggering 25.68 per cent at USD 116.5 per barrel in futures trade as the war between US-Israel and Iran intensified.
A big surge in FII outflows and a crash at the domestic equity market in morning trade put further pressure in the local unit, forex traders said.
At the interbank foreign exchange, the rupee opened at 92.22 against the US dollar before declining further to 92.28, down 46 paise from its previous close. The rupee had hit an all-time intra-day low of 92.35 on March 4.
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The rupee depreciated 18 paise against the US dollar on Friday to close at 91.82 against the American currency.
"The rupee will remain vulnerable to the rising oil prices which have risen by more than 28 per cent since the last closure on Friday. Asian currencies were also lower on Monday," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said.
Rupee might touch 93.00 if oil remains above USD 100 in the coming trading sessions, he added.
The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.66 per cent higher at 99.64.
On the domestic equity market front, the Sensex crashed 2,345.89 points to 76,573.01 in early trade, while Nifty tumbled 708.75 points to 23,741.70.
Foreign institutional investors sold equities worth Rs 6,030.38 crore on a net basis on Friday, according to exchange data.
Meanwhile, India's forex reserves jumped USD 4.885 billion to an all-time high of USD 728.494 billion during the week ended February 27, the Reserve Bank said on Friday.
