PM Modi announces new trilateral partnership with Australia, Canada to bolster tech, innovation
Johannesburg (PTI): A new trilateral technology and innovation partnership was announced by Prime Minister Narendra Modi on Saturday after a meeting with his Australian and Canadian counterparts on the sidelines of the G20 Leaders’ Summit here.
“We are delighted to announce an Australia-Canada-India Technology and Innovation (ACITI) Partnership today,” Modi said in a social media post after meeting Australian Prime Minister Anthony Albanese and Canada’s Mark Carney.
“The initiative will deepen collaboration between democratic partners across three continents and three oceans in emerging technologies, support diversification of supply chains, clean energy and mass adoption of AI,” he said.
Separately, Modi on Saturday met his British counterpart Keir Starmer and UN Secretary-General António Guterres.
“It was wonderful meeting Prime Minister Keir Starmer in Johannesburg. This year has brought new energy to the India–UK partnership and we will keep driving it forward across many domains,” Modi said in a post on X.
The prime minister said he had a “very productive” conversation with UN chief Guterres.
Addressing the opening session of the G20 Leaders’ Meeting, Modi called for a profound rethink of the global development parameters and proposed setting up of a G20 initiative to counter the drug-terror nexus and a global healthcare response team.
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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.
