Obama names new ambassadors to Afghanistan, Pakistan
Almost two month after the incumbents resigned, Obama nominated James B Cunningham as the new US Ambassador to Afghanistan; and Richard G Olson as the new envoy to Pakistan.
However, both need to be confirmed by the United States Senate before they can be sworn in for their new Ambassadorial postings.
The yesterday's move comes at a time of transition in war-torn Afghanistan and Washington's ongoing friction with Pakistan.
"I am grateful that these talented and dedicated men and women have agreed to take on these important roles and devote their talents to serving the American people. I look forward to working with them in the coming months and years," Obama said in a statement as he announced more than a dozen key administration posts including these two diplomatic positions.
The Rupee slumped to a record low, while stocks and bonds were hit, after the Federal Reserve signalled a tapering of its monetary stimulus, highlighting the country's dependence on foreign capital inflows to fund its current account deficit.
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