India reaffirms support for two-state solution for Palestine at UN Security Council Debate
Calls for concrete action, long-term political commitments and action on ground
New Delhi: India has reiterated its strong support for the two-state solution to the Israel-Palestine conflict, urging tangible steps toward peace during the UN Security Council (UNSC) Open Debate on the Situation in the Middle East.
Parvathaneni Harish, India’s Permanent Representative to the United Nations, expressed concern regarding the humanitarian crisis in Gaza. He emphasised that the recent diplomatic developments must translate into “practical, long-term political commitments and action on the ground” to establish a sovereign and independent State of Palestine.
Harish reaffirmed India’s backing for the inalienable rights of the Palestinian people, including their right to self-determination. He noted that India’s vision for peace, consistent since its recognition of the State of Palestine in 1988, centers on a sovereign and independent state of Palestine, living side by side in peace and security with Israel.
Demonstrating India’s concrete support, Harish announced that India’s total assistance to the Palestinian people has surpassed $170 million, including around $40 million worth of ongoing development projects. He further highlighted India’s humanitarian contributions, confirming the delivery of 135 metric tons of medicines and supplies to Palestine over the past two years.
Concluding his address, Harish underscored that while humanitarian aid remains crucial for immediate relief and reconstruction, sustainable peace requires building strong economic frameworks. According to him, these frameworks will foster social development, attract investment, and, more importantly, generate employment.
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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.
