Turkish President Recep Tayyip Erdogan raises Kashmir issue during UNGA address
United Nations (PTI): Turkish President Recep Tayyip Erdogan raised the issue of Kashmir during his address to world leaders at the high-level 78th session of the UN General Assembly session here.
"Another development that will pave the way for regional peace, stability and prosperity in South Asia will be the establishment of a just and lasting peace in Kashmir through dialogue and cooperation between India and Pakistan," Erdogan said in his address to the General Debate Tuesday.
"As Turkiye, we will continue to support the steps to be taken in this direction," he said.
His comment comes weeks after he met Prime Minister Narendra Modi on the sidelines of the G20 Summit in New Delhi during which both the leaders discussed strengthening trade and infrastructure relations.
Erdogan said it was a matter of pride that India was playing a role at the United Nations Security Council. He said he favoured making five permanent and 15 "temporary" members as permanent members of the UN Security Council.
"Those 20 (5+15) should be permanent members of the UNSC in rotation. But as you know, the world is bigger than five. When we say the world is larger than five, what we mean is that it's not only about the US, UK, France, China and Russia," he said.
In recent years, the Turkish leader has referred to the issue of Kashmir in his address to world leaders at the high-level UN General Assembly session.
Last year, Erdogan raked up the issue of Kashmir during his address to world leaders at the high-level UN General Assembly session here.
"India and Pakistan, after having established their sovereignty and independence 75 years ago, they still haven't established peace and solidarity between one another. This is much unfortunate. We hope and pray that a fair and permanent peace and prosperity will be established in Kashmir," Erdogan had said.
In 2020, Erdogan in his pre-recorded video statement to the General Debate had made a reference to Jammu and Kashmir. India had at that time termed it as "completely unacceptable", saying Turkey should learn to respect the sovereignty of other nations and reflect on its own policies more deeply.
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Rupee hits record intra-day low in early trade, falls 12 paise to 92.37 against US dollar
Mumbai (PTI): The rupee slumped 12 paise to its record low of 92.37 against the US dollar in early trade on Friday as global crude oil prices showed no signs of easing amid the ongoing West Asian conflict.
A stronger greenback, heavy FII selling and weak sentiments in the domestic equity markets further weighed on the rupee, according to forex traders.
At the interbank foreign exchange, the local unit opened at 92.33 and slipped further to hit its record intra-day low of 92.37 against the US dollar, down 12 paise from its previous close.
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The rupee touched a fresh intra-day low of 92.36 on Thursday and closed the session 24 paise down at its lowest level of 92.25 against the US dollar.
"Oil prices remained elevated after Iran said the Strait of Hormuz is closed permanently till the resolution of the crisis. The dollar index also rose, European and Asian currencies all fell against the dollar," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said.
The rupee has remained vulnerable and in the absence of the RBI could have reached 93.00 levels, he added.
The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.04 per cent higher at 99.77.
Brent crude, the global oil benchmark, was trading higher by 4.99 per cent at USD 96.57 per barrel in futures trade.
On the domestic equity market front, the Sensex plunged 560.06 points, or 0.74 per cent, to 75,474.36, while the Nifty tanked 184.45 points, or 0.78 per cent, to 23,454.70.
Foreign institutional investors sold equities worth Rs 7,049.87 crore on a net basis on Thursday, according to exchange data.
Meanwhile, retail inflation moved up to 3.21 per cent in February compared to 2.74 per cent in the preceding month, driven mainly by higher food prices, government data released on Thursday showed.
