PM Modi to join ASEAN-India Summit in Malaysia virtually
New Delhi (PTI): Prime Minister Narendra Modi on Thursday said he would join the ASEAN-India Summit virtually in Malaysia next week.
Modi conveyed this to his Malaysian counterpart Anwar Ibrahim during a phone call on Thursday.
“Had a warm conversation with my dear friend, Prime Minister Anwar Ibrahim of Malaysia. Congratulated him on Malaysia’s ASEAN Chairmanship and conveyed best wishes for the success of upcoming Summits,” Modi said in a post on X.
“Look forward to joining the ASEAN-India Summit virtually, and to further deepening of the ASEAN-India Comprehensive Strategic Partnership,” Modi said.
The ASEAN meetings are scheduled from October 26-28.
Malaysia has invited US President Donald Trump as well as leaders of several countries which are the dialogue partners of the ASEAN grouping.
Trump is set to travel to Kuala Lumpur on October 26 on a two-day trip.
The ASEAN-India dialogue relations started with the establishment of a sectoral partnership in 1992. This graduated to full dialogue partnership in December 1995 and summit level partnership in 2002.
The ties were elevated to a strategic partnership in 2012.
The 10 member countries of ASEAN are Indonesia, Malaysia, the Philippines, Singapore, Thailand, Brunei, Vietnam, Laos, Myanmar and Cambodia.
The two-way relations between India and ASEAN have been on a significant upswing in the last few years with focus being on boosting cooperation in the areas of trade and investment as well as security and defence.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
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.
