Arab League vows to fight diplomatic battles for Palestinian rights
Cairo, July 5 : Arab League Secretary General Ahmed Aboul-Gheit said on Wednesday that Arab countries are in a real battle at the diplomatic level to guarantee the Palestinian rights.
Addressing the closing session of the second legislative chapter of the Arab Parliament in Cairo, Aboul-Gheit said the Arab countries are working to ensure that the US recognition of Jerusalem as the capital of Israel would not be followed by other countries, Xinhua reported.
The Arab League is now undertaking necessary contacts for expediting the formation of a fact-finding committee to probe into the crimes Israel has committed in the Gaza Strip since March 30, he added.
He noted that the Arab countries managed to get the United Nations to pass a resolution on June 13 to provide international protection for the Palestinian people.
The Arab League stressed that the Palestinian cause will always remain the cause of all Arabs until the conflict is solved with an end to the occupation and the establishment of an independent Palestinian state on the 1967 borders with East Jerusalem as its capital.
The US moved its embassy in Israel from Tel Aviv to Jerusalem in May despite regional and international outcry, after President Donald Trump declared the disputed holy city as Israel's capital in December.
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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.
