Mehbooba Mufti thanks CMs of West Bengal, Tamil Nadu, Karnataka for Waqf Act stance
Srinagar, Apr 12 (PTI): Peoples Democratic Party (PDP) chief Mehbooba Mufti on Saturday expressed gratitude to the chief ministers of West Bengal, Tamil Nadu and Karnataka for their "courageous and principled stand" against the Waqf Amendment Act.
Mufti, a former chief minister of the erstwhile state of Jammu and Kashmir, wrote identical letters to the West Bengal Chief Minister Mamata Banerjee, Tamil Nadu's M K Stalin and Karnataka's Siddaramaiah.
In a post on microblogging site X, Mufti said, "I have written to @MamataOfficial ji, @mkstalin ji & @siddaramaiah ji expressing heartfelt gratitude for their courageous & principled stand against the Waqf Amendment Bill. In today's India where dissent of any kind is increasingly criminalised their unequivocal voices come as a breath of fresh air."
"As residents of Jammu and Kashmir -- the only Muslim-majority region in the country -- we find solace and inspiration in your unwavering stance in these dark and challenging times," Mufti wrote.
She also posted copies of the letters on her X handle.
"For over a decade, India has faced a growing majoritarian tide threatening its core values of plurality and diversity. While most citizens reject this agenda, those promoting hatred and division now hold power targeting our Constitution, institutions and secular fabric.
"Minorities, particularly Muslims, have borne the brunt, most recently through the arbitrary enforcement of new Waqf laws which undermine our religious freedoms," Mufti said in the letters.
She said these actions "echo earlier injustices" such as the abrogation of special status and "dismemberment" of Jammu and Kashmir and reflect a "broader pattern of systemic erosion of rights".
"In these dark times, your courage and clarity have been a rare beacon of hope. Alongside a few principled voices you have stood up for justice and for the inclusive idea of India. I write to express my deep respect and the gratitude of many who feel voiceless and marginalised," she said.
The PDP chief further wrote that their continued support and leadership, the country can "reclaim our constitutional values and shared future".
I have written to @MamataOfficial ji, @mkstalin ji & @siddaramaiah ji expressing heartfelt gratitude for their courageous & principled stand against the Waqf Amendment Bill. In today’s India where dissent of any kind is increasingly criminalised their unequivocal voices come as a… pic.twitter.com/TVtTaboI4I
— Mehbooba Mufti (@MehboobaMufti) April 12, 2025
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Rupee strengthens past 90/USD level in early trade
Mumbai (PTI): The rupee appreciated 24 paise to 89.96 against the US dollar in early trade on Friday, supported by corporate dollar inflows and easing crude oil prices.
Forex traders said the gain in the USD/INR pair follows the rupee’s string of record lows in recent weeks on likely intervention from the Reserve Bank of India.
Moreover, crude oil prices hovering around USD 59 per barrel level supported market sentiment.
ALSO READ:Rupee trades in narrow range against US dollar in early trade
At the interbank foreign exchange market, the rupee opened at 90.19 against the US dollar, then gained some ground and touched 89.96 against the US dollar, registering a gain of 24 paise over its previous close.
In initial trade it also touched 90.22 against the American currency. On Thursday, the rupee appreciated 18 paise against the US dollar to close at 90.20 against the greenback.
The rupee sank to a fresh record low, breaching the 91-a-dollar mark for the first time on Tuesday.
"Since the speculators are out of the market the buying of US dollar syndrome has come down a bit though intra-day we could see spikes," said Anil Kumar Bhansali Head of Treasury and Executive Director Finrex Treasury Advisors LLP.
The US CPI came lower than expected but was also due to non-collection of sufficient data and therefore, the next month’s CPI becomes more important, Bhansali said, adding that "Rupee remains in a range of 90-90.50".
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.04 per cent higher at 98.46.
Brent crude, the global oil benchmark, was trading lower by 0.27 per cent at USD 59.66 per barrel in futures trade.
On the domestic equity market front, the 30-share benchmark index Sensex climbed 375.98 points to 84,857.79, while the Nifty was up 110.60 points to 25,934.15.
Foreign Institutional Investors purchased equities worth Rs 595.78 crore on Thursday, according to exchange data.
Meanwhile, Economic Advisory Council to the Prime Minister (EAC-PM) member Sanjeev Sanyal on Thursday said he is not concerned about the rupee at all, arguing that even China and Japan witnessed exchange rate weaknesses during their high growth phases.
Speaking at 'Times Network's India Economic Conclave 2025', Sanyal said since the 90s, the rupee has mostly been allowed to find its own level, but the RBI uses its reserves to intervene in either direction to stop excessive volatility.
"I am not concerned about the rupee at all... Let me say that the rupee and its current weakness should not be necessarily conflated with some economic worry, because historically, if you go over time, you will see that economies that are in their high growth phase very often go through a phase of exchange rate weakness," he said.
