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 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.
President Xi Jinping has said that no one can ever stop Taiwan's reunification with China as he signed off 2024 amid growing anxieties in the country over the continued slowdown of the economy and the return of Donald Trump, who has threatened to impose punitive tariffs and trade measures against Beijing in his second term.
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.
With India's EV penetration at just 2.5 per cent, the market presents an opportunity -- provided Tesla gets its pricing right.
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.
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.
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.'
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.
For several years the Chinese authorities have been taking steps to internationalise the use of the yuan.
Federation of Indian Export Organisations president A Sakthivel said the quotations from the Chinese suppliers do not reflect the real value of the dollar, hurting the Indian interests.
Calls by India and Brazil for appreciation of Chinese currency smacks of protectionism borne out of concerns over growing trade imbalances with China rather than the two countries backing US demand for Yuan revaluation, Chinese analysts said.
A yuan stress test conducted by the government in March this year, showed profit margins of labour-intensive textile companies would drop by one percentage points if the it appreciates by one per cent.
China's central bank said late on Saturday it was ready to make the Yuan more flexible.
'The impact of a devaluation will be modest on India's exports'.
This is the first time a country has won all the diving events at one Games.
Images from Day 6 of the Paris 2024 Paralympic Games on Tuesday, September 3, 2024.
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 renminbi is expected to weaken another 2 per cent in six months.
Earlier in the day, the White House said that it would be monitoring the progress on the Chinese assurance that it would be making its currency more flexible. It also said that currency, indeed, would be one of the topics of discussions during upcoming G-20 Summit in Toronto.
US President Barack Obama on Friday said that there seems to be a positive signal from China with regard to the flexibility of its currency Yuan, but it is too early to say whether the appreciation that will track the market is sufficient to allow for the rebalancing.
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.
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.
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.
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.
The US will also try to persuade Beijing to make it easier for foreigners to make portfolio investments in China.
Investors need to carefully assess country-specific risks. 'This is especially true of a market that is less transparent than the US.'
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.
An unexpected devaluation of yuan saw it plunge the most in 20 years.
The domestic currency had last touched 65-level and ended at 65.24 on September 6, 2013. It moved in a range of 64.63 and 65.23 during the day.
The People's Bank of China cut its daily reference rate for the currency by a record 1.9 per cent, the biggest loss since January 1994.
Dhillon finished second with 52 hits.
