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Xi Jinping is visiting Moscow to strengthen ties with Vladimir Putin. This visit happens amidst a trade war isolating Washington. Xi will attend a parade marking World War II victory. China aims to counter the US-led world order with Russia's support. Both nations face economic challenges. The visit highlights their joint goal of challenging US power.
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The Kremlin announced that Russian forces intend to observe a ceasefire in Ukraine from May 8-10, following President Putin's orders to commemorate the 80th anniversary of the victory over Nazi Germany. While Putin hosts international leaders, including China's Xi Jinping, for celebrations, the ceasefire's implementation hinges on reciprocity from Kyiv.
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The Indian rupee slipped on Tuesday, tracking mild losses in regional peers and dollar demand from foreign banks, though broader weakness in the greenback limited the decline.
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