Washington: U.S. Secretary of State Marco Rubio announced that El Salvador's President Nayib Bukele has agreed to accept deportees from the United States, regardless of their nationality, and even violent American criminals currently imprisoned in the U.S. Calling it an "unprecedented migratory agreement," Rubio praised the Salvadoran government’s willingness to support Washington’s immigration policies.
During his visit to San Salvador, Rubio emphasized the Trump administration’s efforts to curb migration to the U.S. by securing cooperation from regional governments. His trip follows a stop in Panama, where he oversaw a U.S.-funded deportation flight carrying 43 migrants from Panama to Colombia. The U.S. has been pressing Central American nations to enhance border enforcement and facilitate deportations.
The Trump administration has prioritized mass deportations and has increased financial support to regional governments to assist in these efforts. Since signing an agreement with Panama, the U.S. has contributed nearly $2.7 million to fund deportation flights. Rubio, who personally witnessed a deportation operation in Panama City, described mass migration as a global crisis, acknowledging the hardships faced by migrants while reinforcing the U.S. commitment to stricter immigration policies.
A potential "safe third country" agreement with El Salvador is being discussed, which could allow non-Salvadoran migrants, including convicted Venezuelan gang members, to be deported there if Venezuela refuses to accept them. Bukele confirmed that the final details of the agreement are being worked out and will be announced soon.
However, human rights groups have expressed concerns, arguing that El Salvador lacks a structured policy to handle asylum seekers and deportees. Critics, including opposition leader Manuel Flores, condemned the move, suggesting it turns the region into a dumping ground for migrants unwanted by the U.S.
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Mumbai (PTI): The rupee depreciated 20 paise to 95.43 against US dollar in early trade on Tuesday as market sentiments remained fragile after renewed military exchanges between US and Iranian forces in the Gulf region.
Forex traders said investor anxiety due to instability in the Gulf is causing massive capital flight into safe-haven assets, with the US dollar acting as the primary beneficiary.
Moreover, Brent oil prices is hovering near USD 113 per barrel, maintaining pressure on oil-importing economies like India.
At the interbank foreign exchange market the rupee opened at 95.30 then lost ground to touch 95.43 against the US dollar, in initial trade, registering a fall of 20 paise over its previous close.
Rupee fell 39 paise to close at an all-time low of 95.23 against the US dollar on Monday.
"With oil boiling rupee on Monday fell to a closing low of 95.0875 and this morning the opening was still lower as it becomes more and more vulnerable when dollar index rises due to safe-haven buying and oil prices rise due to the continuous fighting in the Gulf Region," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said.
The higher oil prices will keep rupee sold off against the dollar as oil companies and FPIs intensify dollar buying, Bhansali added.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 98.51, up 0.15 per cent.
Brent crude, the global oil benchmark, was trading lower by 1.07 per cent at USD 113.22 per barrel in futures trade.
"Market sentiments remained fragile after renewed military exchanges between US and Iranian forces when Iranian forces launched fresh attacks in the Gulf as both sides sought to assert control over the strategic waterway," Bhansali said.
On the domestic equity market front, Sensex declined 361.62 points to 76,907.78 in early trade, while the Nifty dropped 134.90 points to 23,980.60.
Foreign Institutional Investors purchased equities worth Rs 2,835.62 crore on Monday, according to exchange data.
