Trump welcomes 3 US detainees freed by N.Korea
Washington, May 10: US President Donald Trump welcomed the three freed American detainees who reached here on Thursday morning after they were released by North Korea.
Kim Dong Chul, Kim Hak-song and Tony Kim were freed on Wednesday while Secretary of State Mike Pompeo was on a visit to the North Korean capital Pyongyang to discuss Trump's upcoming summit with leader Kim Jong-un, CNN reported.
No family members or friends of the freed Americans were present for their arrival due to protocol reasons, said an official. The men had to first debrief intelligence officials before heading to their homes, the official added.
Speaking on the tarmac at Joint Base Andrews Air Force Base, Kim Dong Chul said his release felt "like a dream". "We are very, very happy."
Trump, who was accompanied by his wife Melania, told reporters it was "nice" of the North Korean leader to release the men ahead of their planned summit. According to reports, administration officials had been instructed to move forward with plans to convene the Trump-Kim meeting in Singapore.
Vice President Mike Pence and his wife Karen Pence were also present to welcome the three men home.
"Frankly we didn't think this was going to happen. It's a very important thing to all of us to be able to get these three great people out," Trump said.
After their meeting with the US President, the men were expected to go to Walter Reed Medical Centre in Maryland for further evaluation and medical treatment, according to White House Press Secretary Lindsay Walters.
They issued a joint statement on Wednesday thanking Trump saying: "We would like to express our deep appreciation to the US government, President Trump, Secretary Pompeo, and the US people for bringing us home."
Trump has marked the men's arrival as a major milestone ahead of his upcoming historic summit with Kim. He had previously said the release of the men was part of working towards the denuclearisation of North Korea.
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Rupee falls 9 paise to record low of 90.87 against US dollar in early trade
Mumbai (PTI): The rupee plunged 9 paise to a record low of 90.87 against the US dollar in early trade on Tuesday, weighed down by sustained FII outflows and no breakthrough in the India-US trade deal.
However, a weaker greenback and a decline in global crude oil prices capped further losses in the domestic unit, according to forex traders.
At the interbank foreign exchange, the rupee opened at its all-time low of 90.87 against the US dollar, down 9 paise from its previous close, and traded in a narrow range of 90.77- 90.87 in early trade.
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The rupee on Monday settled at a new all-time low of 90.78 against the US dollar, registering a loss of 29 paise over its previous close, weighed down by uncertainty over an India-US trade deal and persistent foreign fund outflows.
"The US-India trade deal still seems to be off by a distance with the Commerce Secretary saying the first phase will be signed before the end of the year and news that we are closest to the deal being signed. The uncertainty has clouded the recovery on the USD/INR pair as the rupee opened lower with dollar buying happening every day," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said.
Even a reduction in trade deficit on Monday could not bring about a recovery in the rupee with Foreign Institutional Investors (FII) outflows continuing, he added
According to the latest government data released on Monday, India's trade deficit narrowed to a five-month low of USD 24.53 billion in November, as exports rebounded by 19.37 per cent to a six-month high of USD 38.13 billion after contracting in October, driven by higher shipments of engineering and electronics goods.
At the same time, the country's imports dipped by 1.88 per cent to USD 62.66 billion due to a fall in the inbound shipments of gold, crude oil, coal, and coke.
FIIs sold equities worth Rs 1,468.32 crore on Monday, according to exchange data.
Also, wholesale price inflation stayed in the negative for the second consecutive month in November at (-) 0.32 per cent, even though there was an uptick in prices of food articles like pulses and vegetables on a month-on-month basis, government data showed on Monday.
Wholesale Price Index (WPI)-based inflation was at (-) 1.21 per cent in October and 2.16 per cent in November last year.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.03 per cent lower at 98.27.
Brent crude, the global oil benchmark, was trading 0.61 per cent lower at USD 60.19 per barrel in futures trade.
On the domestic equity market front, the 30-share benchmark index, Sensex, declined 363.92 points to 84,849.44 in early trade while the Nifty was down 106.65 points to 25,920.65.
