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Indian Prime Minister Narendra Modi hosts Russian President Vladimir Putin, Chinese President Xi Jinping and other leaders of the BRICS nations for a summit on trade, investment, and global conflicts.

Leaders of the BRICS nations are meeting in New Delhi on Saturday for a summit focused on trade, investment, and global conflicts

The rupee opened with a negative bias amid a strong dollar and rising US treasury yields and depreciated 18 paise to 96.38 against the US dollar as market sentiments continue to dampen amid simmering tensions between the US and Iran.