Rupee Rises on Pakistan Truce as Trading Resumes After Holiday
The Indian rupee rallied the most in nearly two weeks as trading resumed after a long weekend, supported by a ceasefire agreement with Pakistan that triggered a surge in local stocks.
The currency rose as much as 0.9% to 84.6475 per dollar on Tuesday. The 10-year yield fell five basis points to 6.33%. Local bonds and currency markets were closed for a public holiday on Monday.
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Each new property targets underserved markets with distinct positioning, suggesting the group has found a sustainable way to grow without losing what makes them special. "Guests aren't collectors of luxury hotels, they're collectors of meaningful contexts," explains Cristiano Rinaldi, President of Capella, articulating a mindset that seems to be resonating with discerning travelers and addressing a key tension facing luxury hospitality. This intent is evident in Capella's newest properties. Capella Taipei, which opened in April as the city's first luxury hotel debut in several years, immediately filled a void in Taiwan's economic and cultural capital. The 86-key property, designed by Andre Fu, operates as a "modern mansion" with programming that includes calligraphy workshops and night-market expeditions through their "Capella Culturists" program. The execution feels sharp, and despite just opening, seems to be magnetic to the right crowd. 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Verdy lives nearby in Osaka (and also runs a local pizza joint), and their collaborations evolved naturally over time, first at Patina Maldives, and then in his own backyard with the hotel's Listening Room by OJAS (aka Devon Turnbull) channels Japan's vinyl bar culture, while pop-up collaborations lend cultural cred that speak to next-gen luxury travelers. "With Patina, we're definitely not going to color within the lines," Rinaldi explains, describing an approach that allows for a bit of risk-taking while leveraging Capella's operational acumen. Rinaldi also says that some of the cultural dot connecting that Patina does well is also feeding into Capella's pipeline. By positioning Patina as "powered by Capella," they're creating a bit of space for both brands to develop distinct identities while sharing resources and expertise, and providing some necessary clarity to consumers. 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Update: This story has been updated with more information regarding Nissan's EV concept in China. Nissan has a massive product onslaught planned over the next few years. Alongside the latest Kicks and the updated Murano SUVs, the Japanese automaker has a new Leaf coming to the US as early as next year. But if these patent filings are any indication, there could be even more products on the horizon—and soon. Nissan recently filed a patent with the World Intellectual Property Organization, as uncovered by Top Gear Philippines . The patent was filed in China on September 14 of last year and officially registered on May 9, 2025. It shows an updated Nissan sedan with the brand's latest design language. Nissan Patent Images Photo by: WIPO It's unclear whether these images show a new Sentra, Altima, Maxima, or something different entirely. The photos look nearly identical to the Evo concept from earlier last year, though they weren't officially filed until after that concept debuted. It could potentially be a production version of that vehicle. The patent also bears a similar resemblance to the Chinese Nissan N7 , but that sedan is larger and has more distinct cues. If this is a US-bound model, our best guess would be all-new Sentra or a revived Altima, which may be discontinued in the US after this year. The front fascia bears the automaker's new angular headlight treatment, which we've seen on the upcoming Leaf and a few of Nissan's previous concepts. The back end, meanwhile, has a slim light bar that encircles the trunk lid and stretches out to the rear bumper on either side. The profile almost makes it look like a fastback, which leads us to believe this is a mid-size sedan as opposed to a compact. We've seen spy photos of Nissan testing a sedan prototype in Michigan that looks nearly identical to the patent images pictured here. But even in those spy photos, it's difficult to tell if the car in question is the smaller Sentra or the mid-size Altima. Our spy photographers believe it could be the Sentra, but slightly larger than the current-generation model. Photo by: WIPO Photo by: WIPO In those spy photos, we also see an exhaust system, which means Nissan won't go full EV for its next sedan. Our best guess is a new hybrid system, potentially the turbocharged 1.5-liter hybrid unit from the plug-in-hybrid Frontier —which won't come to the US. That powertrain delivers 402 horsepower in the plug-in truck, but a detuned version of that could make sense in the smaller Sentra or Altima sedans. If this is indeed a new Sentra, don't expect to see a production version before 2027. The current model is still on sale in the US, and it likely won't change for 2026. With the Altima rumored to be discontinued after this year, we could see a new version of that sedan before the end of 2025. If we're lucky. Nissan's Recent Struggles The Last Five-Speed Manual Is Dead Nissan Might Sell Its Home to Survive: Report Source: World Intellectual Property Organization via Top Gear Philippines Share this Story Facebook X LinkedIn Flipboard Reddit WhatsApp E-Mail Got a tip for us? Email: tips@ Join the conversation ( )
