Imran Khan Can't Be a Nawaz Sharif For India, Says Former High Commissioner To Pakistan
New Delhi, July 26: As PTI chief Imran Khan appears to be on a steady path to becoming the Prime Minister of Pakistan, former Indian High Commissioner to Pakistan has said that the cricketer-turned-politician cannot be what former PM Nawaz Sharif was to India.
“Nawaz Sharif has a personal conviction and a vision in terms of how relations with India should be. And that is something he has developed over two decades in governance. It will take time for Imran Khan to actually have that sort of conviction because he has not been in that position before,” said TCA Raghavan.
Speaking to News18, Raghavan also noted that he didn’t see anything dramatic happening with India as of now with Imran Khan becoming the PM. “There are chances of a coalition and there is no doubt that he will be engrossed in domestic issues,” he added.
Imran has, over the course of his campaign, accused India of targeting the Pakistani Army and tarnishing its image. The PTI chief had also accused Nawaz of siding with India and working for its interests. Raghavan, however, dismissed the statements. “These statements are very common in Pakistan politics. We have to separate political rhetoric from what he actually does when he is in power,” he further said.
Interesting would be, Raghavan added, to see what the opposition parties do. The question remains as to what they will do about the mandate that has come out, the former Indian High Commissioner said.
“Imran Khan can form a government by getting the independent candidates on board. There seems to be a fair chance for that to happen. But what will the leading opposition parties do? We have to wait and see,” he added.
Courtesy: www.news18.com
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Rupee falls 1 paisa to all-time low of 84.40 against US dollar in early trade
Mumbai, Nov 13 (PTI) The rupee slipped 1 paisa to an all-time low of 84.40 against the US dollar in early trade on Wednesday, as persistent foreign fund outflows and a muted trend in domestic equities weighed on the local unit.
Forex traders said the USDINR pair has shown significant volatility in recent sessions, with the rupee inching closer to its all-time low of 84.40. This downward pressure is largely driven by global factors, particularly the Dollar Index’s strengthening.
At the interbank foreign exchange, the rupee opened at 84.40 against the greenback, registering a fall of 1 paisa over its previous close.
On Tuesday, the rupee fell 1 paisa to a new lifetime low of 84.39 against the US dollar.
"It appears that the rupee has established support around the current levels, with depreciation limited near 84.50," CR Forex Advisors MD Amit Pabari said.
Pabari further added that the RBI stands tall as the depreciation in the rupee seems to be limited as the Reserve Bank of India (RBI) continues to sell the dollars to protect the sharp depreciation.
"For the 5th consecutive week, India’s forex reserves declined, possibly due to RBI selling the dollars. Currently, the forex reserves of India stand at USD 682 billion down from the recent all-time high of USD 704 billion," he said.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading lower by 0.04 per cent at 105.98.
Brent crude, the global oil benchmark, rose 0.25 per cent to USD 72.07 per barrel in futures trade.
On the domestic equity market front, Sensex was trading 210.66 points, or 0.27 per cent lower, to 78,464.52 points. The Nifty fell 100.45 points, or 0.42 per cent, to 23,783.00 points.
Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Tuesday, as they offloaded shares worth Rs 3,024.31 crore, according to exchange data.
On the macroeconomic front, retail inflation breached the Reserve Bank's upper tolerance level, soaring to a 14-month high of 6.21 per cent in October mainly on account of rising food prices.
Inflation based on the consumer price index (CPI) was 5.49 per cent in September and 4.87 per cent in the year-ago month.
India's industrial production expanded by 3.1 per cent in September after recording a contraction in the preceding month, as all three major segments -- mining, manufacturing, and power generation -- showed improvement.
However, the growth in the Index of Industrial Production (IIP) during the month was lower than 6.4 per cent registered in September 2023.
