New Delhi (PTI): The Congress on Wednesday took a swipe at Prime Minister Narendra Modi over US President Donald Trump repeating his claim that he stopped the conflict between India and Pakistan using trade, and said "no wonder" the American leader's good friend in New Delhi "does not want to hug him any more".

Congress general secretary in-charge communications Jairam Ramesh shared on X a video clip of Trump's remarks in Japan in which he repeated his claim that he stopped the India-Pakistan military conflict using trade.

"So far he has said it 54 times. He has said it in the US, Qatar, Saudi Arabia, Egypt, and the UK. He has said it mid-flight and on land. Now President Trump has said it again, while addressing business leaders in Japan last evening," Ramesh said on X.

"No wonder his good friend in New Delhi does not want to hug him any more," the Congress leader said.

In his remarks in Japan on Tuesday, Trump reiterated that he ended the India-Pakistan military conflict.

"A lot of the wars that I stopped were because of tariffs. And, frankly, I did a great service to the world because of tariffs, because of trade. If you look at India and Pakistan, they were going at it.

"Seven planes were shot down. Seven brand-new, beautiful planes were shot down, and they were going at it, two big nuclear powers. I said to Prime Minister Modi, and I said to the prime minister and the Field Marshal over in Pakistan, I said that we're not going to do any trade if you're going to be fighting," Trump said.

"(They said) 'no, no, one thing has nothing to do with the other' and I said it has a lot to do with the other. We said we are not doing any deals if you are going to fight and in about 24 hours that was the end of that, it was amazing," the US president said, referring to the stopping of the India-Pakistan conflict in May.

Last month, in his address to world leaders from the UN podium, Trump had repeated his claim that he stopped the conflict between India and Pakistan.

India has been consistently maintaining that the understanding on cessation of hostilities with Pakistan was reached following direct talks between the Directors General of Military Operations of the two militaries.

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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.