EAM Jaishankar to meet Russian counterpart in Moscow on Monday
Moscow (PTI): External Affairs Minister S Jaishankar will meet his Russian counterpart Sergei Lavrov in Moscow on Monday to discuss bilateral cooperation, the foreign ministry here said on Friday.
Foreign Ministry spokesperson Maria Zakharova said the Indian minister will arrive in Moscow with an official delegation for the Shanghai Cooperation Organisation (SCO) Heads of State Council meeting, which will be held on November 17-18.
"On Monday, November 17, the Russian Foreign Minister will hold talks with the Indian External Affairs Minister," she said.
She noted that the two top leaders will discuss current and future political cooperation and review key issues of bilateral relations. They will also exchange views on major international and regional matters, including collaboration within the SCO, BRICS, the UN and G20, she said.
Jaishankar is also expected to virtually inaugurate two Indian Consulates in Kazan, the capital of Tatarstan in the Volga region, and Ekaterinburg in the Urals.
Kazan and Ekaterinburg in the Urals are emerging as major hubs to develop Indian expertise and high-end technological cooperation.
Russian President Vladimir Putin is expected to visit India around December 5 to hold annual summit talks with Prime Minister Narendra Modi. Putin had last visited New Delhi in 2021.
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Rupee falls 9 paise to all-time low of 90.58 against US dollar in early trade
Mumbai (PTI): Rupee depreciated 9 paise to an all-time low of 90.58 against US dollar in early trade on Monday, weighed down by uncertainty over an India-US trade deal and persistent foreign fund outflows.
Forex traders said rupee is trading with a negative bias as investors are in wait and watch mode and awaiting cues from the India-US trade deal front.
At the interbank foreign exchange market, the rupee opened at 90.53 against the US dollar, then fell further to an all-time intraday low of 90.58 against the greenback, registering a fall of 9 paise over its previous close.
On Friday, the rupee had slipped 17 paise to close at an all-time low of 90.49 against the American currency.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.05 per cent lower at 98.35.
Brent crude, the global oil benchmark, was trading higher by 0.52 per cent at USD 61.44 per barrel in futures trade.
On the domestic equity market front, the 30-share benchmark index Sensex was trading 298.86 points lower at 84,968.80, while the Nifty was down 121.40 points at 25,925.55.
Foreign Institutional Investors sold equities worth Rs 1,114.22 crore on Friday, according to exchange data.
"FPIs continue to be in selling mode in equity and debt while RBI has been selling dollars to fund their long positions," said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP.
