India's message on terrorism is clear; no double standards, no compromise: PM Modi in Malaysia
Kuala Lumpur (PTI): India and Malaysia on Sunday unveiled several initiatives to further shore up cooperation in areas of defence and security, semiconductor and trade after Prime Minister Narendra Modi held wide-ranging talks with his Malaysian counterpart Anwar Ibrahim.
Following the meeting, Modi said India and Malaysia share a "special relationship" and both sides are committed to expanding their ties in diverse sectors.
The prime minister also reiterated India's position on combating terrorism as he said: "Our message on terrorism is clear; no double standards, no compromise."
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Modi arrived in Kuala Lumpur on Saturday to a grand red-carpet reception, with Ibrahim receiving him at the airport.
Ahead of the talks, Modi was accorded a ceremonial welcome at Perdana Putra this morning.
"India and Malaysia share a special relationship. We are maritime neighbours. For centuries, our people have had deep and affectionate ties," Modi said.
"Today, Malaysia is the second largest country in the world with a population of Indian origin. Our civilisations, shared cultural heritage and democratic values bind us together," he said.
Modi said both sides will strengthen cooperation in counter-terrorism, intelligence sharing, and maritime security.
We will also make defence cooperation more comprehensive, he said.
"Along with AI and digital technologies, we will advance partnerships in semiconductors, health, and food security," he said.
The prime minister also touched upon India's approach towards the Indo-Pacific.
"The Indo-Pacific region is emerging as the growth engine of the world," he said.
The prime minister said India is committed to development, peace and stability across the entire Indo-Pacific region together with ASEAN (Association of Southeast Asian Nations).
Malaysian Prime Minister Ibrahim said India and Malaysia continue to expand collaboration in trade, investment, connectivity and defence.
India has registered a spectacular rise in global trade and economic front, he said.
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Rupee rises 6 paise to 93.27 against US dollar in early trade
Mumbai (PTI): The rupee appreciated by 6 paise to 93.27 against the US dollar in early trade on Thursday, driven by retreating crude oil prices and a weakening American currency, amid hopes of a truce in West Asia.
According to forex analysts, crude oil prices hovering below the USD 95-a-barrel level sent positive cues to investors in domestic equities, even though the outflow of foreign capital and demands for dollars from importers resisted a sharp recovery in the rupee.
At the interbank foreign exchange market, the rupee opened at 93.29 and gained further, trading at 93.27 against the greenback in early deals, up 6 paise from its previous closing level.
On Wednesday, the rupee gained 2 paise to settle at 93.33 against the US dollar.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was lower by 0.12 per cent at 97.72.
Brent crude, the global oil benchmark, was trading marginally up by 0.02 per cent at USD 94.95 per barrel in futures trade.
On the domestic equity market front, the 30-share Sensex gained 529.55 points or 0.68 per cent to 78,640.79 in early trade, while the Nifty rose 156.50 points or 0.65 per cent to 24,387.80.
Foreign Institutional Investors were net sellers on Wednesday and offloaded equities worth Rs 666.15 crore, according to exchange data.
Government data released on Wednesday showed that the Wholesale Price Index (WPI)-based inflation rose sharply to an over 3-year high of 3.88 per cent in March, driven by a sharp spike in rates of fuel, power and manufactured items amid the West Asia crisis.
Consumer price index-based retail inflation rose 3.4 per cent in March compared to 3.21 per cent in the preceding month, mainly due to an uptick in certain food items, data released earlier this week showed.
