China has defended its plan to build the world's largest dam on the Brahmaputra River in Tibet, assuring that the project will not affect riparian states and safety issues have been addressed through decades of studies. The dam, estimated to cost USD 137 billion, has raised concerns in India and Bangladesh, but Chinese authorities maintain that the project has been thoroughly studied and safeguards are in place. The dam is part of China's efforts to develop clean energy and respond to climate change.
Romania's Ana Bogdan advanced the quarterfinals of the Japan Open with a 6-0, 7-6 (5) victory over No. 4 seed Marie Bouzkova of the Czech Republic on Thursday in Osaka.
On Monday, the Indian women's team comprising Manika, Sreeja and Archana had prevailed over higher-ranked Romania 3-2 in a thrilling tie to enter the quarter-finals.
The Reserve Bank of India (RBI) was a net seller of the US dollar in August, reversing its net buying position from July. During the current financial year up to August, the central bank had sold a net $1.11 billion. The RBI sold a net total of $6.49 billion worth of the foreign currency in August, according to the central bank's monthly bulletin.
Sri Lankan President Anura Kumara Disanayaka assured Prime Minister Narendra Modi that his country's soil will not be used against India's interests, addressing concerns over China's growing influence in Colombo. The two leaders discussed a range of issues, including a defense cooperation agreement, energy ties, and debt restructuring. They also agreed to initiate a ferry service between Rameshwaram and Talaimannar, and to adopt a "humanitarian approach" to the fishermen issue.
No single individual, institution, or action is to blame for this. The BJP is responding in kind -- definitely not without checking with its government. And they wait for Mr Trump, notes Shekhar Gupta.
No. 1 seed Aryna Sabalenka of Belarus had little trouble getting past China's Qinwen Zheng in a group-stage match at the WTA Finals on Saturday, prevailing 6-3, 6-4 in Riyadh, Saudi Arabia.
Images from Day 6 of the Paris 2024 Paralympic Games on Tuesday, September 3, 2024.
The rupee remains overvalued against the currencies of India's trading partners, even as it hit record lows against the dollar in August and September. According to the Reserve Bank of India's (RBI) real effective exchange rate (REER) index, the rupee stood at 5.5 per cent above its fair value in August, down from 7.7 per cent in July. This slight easing followed fears of a US recession and the unwinding of yen carry trades, which exerted pressure on the Indian currency.
This is the first time a country has won all the diving events at one Games.
Investors need to carefully assess country-specific risks. 'This is especially true of a market that is less transparent than the US.'
China has launched a host of reforms to halt the slow down of the economy, which is hovering around seven per cent with forecasts that it would dip down further.
Arvind Panagariya heads the government's main economic advisory body.
The rupee has fallen more than 2 per cent against the dollar since the yuan devaluation
A weaker rupee might stimulate Indian exports and nullify some of the effects of Chinese devaluation.
Reports says the Chinese are targeting for 50 per cent of China's trade to be invoiced in the domestic currency over the next five years.
China, which is the second highest spender on defence after the United States, has allocated 1.67 trillion yuan (about USD 232 billion) for defence spending.
The depreciation in the yuan has led to a decline in all emerging market currencies
Yuan's fall would worsen India's trade deficit with China.
Yuan broke Stephens when the American was serving for the match at 6-5. Stephens led 5-4 in the tie-break but could not hold on to her advantage and crashed out.
Beijing is aggressively pushing, with some success, the internationalisation of its currency.
The rupee has depreciated by 0.95 per cent in two days.
Overall, yuan payments value in April decreased by 7.73 per cent from a month earlier
China will reform its foreign exchange system in an orderly way and will not bend to pressure from the US to float the yuan, governor of the People's Bank of China, Zhou Xiaochuan has asserted.
China is not manipulating its currency, but the yuan remains undervalued, the Obama administration told the US Congress in a report.
As Archana navigates her new path, her time as a top athlete continues to shape her perspective and inspire others.
China plans to achieve a high quality and efficient annual growth rate of 7 per cent during the 12th Five-Year Plan, starting this year, which is not easy by any means.
The rupee is currently hovering around Rs 65/USD at 2-year lows.
Companies such as Larsen & Toubro and Bharat Heavy Electricals Ltd believe the undervalued renminbi (yuan) gives Chinese goods an unfair advantage in Indian markets.
The rupee fell to a two-year low of 64.84 against the US dollar.
Dhillon finished second with 52 hits.
Chinese President Hu Jintao said on Monday during the opening ceremony of the dialogue that China will continue to 'steadily push forward the reform of the foreign exchange rate mechanism, under the principles of independent decision-making, controllability and gradual progress.'
The rupee fell 1.87 percent against the dollar this week, its biggest fall since late April.
Images from the US Open women's singles second round matches, at Flushing Meadows, New York, on Wednesday.
The Chinese yuan has the potential to be an alternative to the US dollar and help create a multi-currency global reserve system, says an Asian Development Bank report.
State Bank of India has received the permission from the Chinese Government to lend in the local currency -Yuan, a top official said on Thursday
'China could place the currency on a par with global biggies. But it has to wait to be a serious challenger.'
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