Two of four Kerala youth forced into Russia-Ukraine war to return home: MoS Muraleedharan
Thiruvananthapuram (PTI): Two of the four Kerala-based youths who fought in the war against Ukraine after being recruited into the Russian army by private agencies will soon return home to their families, Union Minister of State (Mos) for External Affairs V Muraleedharan has said.
The MoS said on Tuesday evening that the Indian Embassy was readying their travel documents to return from Russia.
"We expect that they will soon return home," Muraleedharan, who is contesting from the Attingal Lok Sabha constituency in the upcoming 2024 general elections, told reporters.
Regarding the remaining two residents of the state, the MoS said the External Affairs Ministry was in talks with the Russian government to bring them back as well.
"Rest assured we are taking strong measures to ensure their return," he said.
According to the relatives of the three men, he said that they were taken to Russia by a recruitment agency with the promise of a whopping salary of Rs 2.5 lakh.
Earlier, Muraleedharan had said that authorities have launched an investigation into agencies that recruited Indians to go to war-torn Ukraine after luring them with the promise of lucrative jobs in Russia.
He had also said that the Central government was taking all possible efforts to bring back all Indians stranded in the conflict zone, and procedures are underway to take legal action against the agencies that recruited them.
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Rupee settles 1 paisa higher to close at 94.15 against US dollar
Mumbai (PTI): The rupee settled with gains of just one paisa to close at 94.15 against the US dollar on Monday, as rising global uncertainty, escalating tensions in West Asia and soaring crude oil prices weighed on investor sentiments.
Forex traders said the INR/USD pair pared its initial losses, but the overall bias remains negative as FII sell-off and elevated crude oil prices restricted the gains for the local unit.
At the interbank foreign exchange market, the rupee opened at 94.25 against the US dollar, and touched an intraday high of 94.11 and a low of 94.28 against the greenback during the day.
At the end of Monday's trading session, the rupee was quoted at 94.15, registering a gain of just 1 paisa over its previous close.
On Friday, the rupee extended its losing streak for the fifth day in a row, depreciating 15 paise to close at 94.16 against the US dollar.
"The rupee snapped a five-session losing streak, rebounding in tandem with a rally across regional currencies. However, the mood remains apprehensive as the market braces for a potential RBI intervention around 94.30 and higher crude oil prices," said Dilip Parmar – Senior Research Analyst, HDFC Securities.
On the charts, the USDINR pair has reclaimed its upward momentum, carving out a classic bullish structure of higher highs and lows on the daily time frame, he said, adding that for the coming sessions, 93.80 serves as a support, with 94.40 acting as the primary hurdle.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was down 0.21 per cent at 98.32.
Brent crude, the global oil benchmark, was trading higher by 2.36 per cent at USD 107.82 per barrel in futures trade.
On the domestic equity market front, Sensex jumped 639.42 points to settle at 77,303.63, while the Nifty surged 194.75 points to 24,092.70.
Foreign Institutional Investors offloaded equities worth Rs 1,151.48 crore on Monday, according to exchange data.
Meanwhile, India's forex reserves jumped by USD 2.362 billion to USD 703.308 billion during the week ended April 17, the Reserve Bank of India (RBI) said on Friday.
In the previous reporting week, the forex kitty had increased by USD 3.825 billion to USD 700.946 billion.
