INR depreciates to 3-week low near 86 per dollar mark
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Time of India
25 minutes ago
- Time of India
Currency watch: Rupee rises 16 paise to 85.76 against dollar; crude oil slide & weak greenback lift sentiment
The rupee appreciated by 16 paise to settle at 85.76 against the US dollar on Tuesday, helped by a weaker greenback and softer crude oil prices globally. However, persistent foreign fund outflows and uncertainty surrounding the ongoing India-US trade negotiations limited the currency's upward movement, according to forex dealers. At the interbank foreign exchange market, the rupee opened at 85.97 and moved in a tight range between 85.75 and 85.97 during the session. It eventually ended the day at 85.76, recovering from its previous close of 85.92, PTI reported. "The Reserve Bank of India has been guarding the rupee at the 86.00 level and on Tuesday also ensured that the rupee opens a tad higher than 86," said Anil Kumar Bhansali, Head of Treasury and Executive Director at Finrex Treasury Advisors LLP. He added, "For tomorrow (Wednesday), we expect the rupee to be in the range of 85.50–86.10 with expectations of more flows." Dollar, crude prices ease The dollar index, which tracks the US currency against a basket of six peers, declined 0.11% to 97.97, supporting emerging market currencies. Brent crude, the global oil benchmark, was down 0.43% to $68.91 per barrel in futures trade, reducing pressure on India's import bill. Trade talks and equity flows in focus The gains in the rupee were tempered by ongoing concerns over the outcome of bilateral trade negotiations between India and the US. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Đây có thể là thời điểm tốt nhất để giao dịch vàng trong 5 năm qua IC Markets Tìm hiểu thêm Undo A team from India's commerce ministry is currently in Washington for the latest round of discussions on the proposed bilateral trade agreement. The four-day meeting began on Monday and is set to conclude on Thursday. M eanwhile, India's merchandise exports held steady at $35.14 billion in June, while the trade deficit narrowed to a four-month low of $18.78 billion, according to government data released Tuesday. On the domestic equities front, both benchmark indices ended in the green. The Sensex rose 317.45 points to close at 82,570.91, and the Nifty advanced 113.50 points to settle at 25,195.80. Foreign institutional investors (FIIs) were net buyers on the day, purchasing equities worth Rs 120.47 crore, according to stock exchange data. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Indian Express
29 minutes ago
- Indian Express
Trump says he will meet UK's Starmer in Scotland to refine trade deal
President Donald Trump said on Tuesday that he is set to meet British Prime Minister Keir Starmer during his trip to Scotland and refine the trade deal agreed upon by the two leaders. 'We are going to have a meeting with him, probably in Aberdeen. And we're going to do a lot of different things, also refine the trade deal that we've made,' Trump said. A White House official earlier said that Trump plans to visit both his Turnberry and Aberdeen golf properties on a trip expected to last from July 25 to July 29.
India Today
31 minutes ago
- India Today
Why the West keeps getting Xi Jinping wrong
Each time Xi Jinping vanishes from public view—even briefly—the usual chorus springs to life. Think tanks buzz with theories. Twitter (or X) lights up with speculative threads. Television panels convene in haste. Western newspapers quote 'anonymous insiders.' Asian outlets pick up the trail. And once again, headlines proclaim instability at the apex of China's power there's a recurring problem: they're almost always Xi Jinping disappears from view multiple times each year. And each time, it's as if the West has returned to 1989. Out come the Tiananmen metaphors. Op-eds forecast regime collapse. Analysts warn of elite discontent. Then Xi resurfaces—shaking hands, touring factories, delivering speeches. No wheelchair. No oxygen mask. No rumours fade. The speculation dies down. But the cycle? It resets—like clockwork.A Pattern, Not a FlukeWhat we're witnessing isn't just clickbait or lazy journalism. It's something far more deliberate: narrative warfare. A disinformation strategy dressed as analysis. A psychological operation updated for the social media age—designed to sow doubt about China's leadership and to weaken confidence in its political isn't a conspiracy theory. It's a strategy—acknowledged, at times, by former intelligence officials themselves. Psychological operations don't always come with tanks and soldiers. Sometimes, all it takes is a whisper. A provocative headline. A satellite image of dubious origin. A 'leak' from a think the Western press? It plays Study: September 2022Xi skipped a scheduled meeting for less than a week. Western headlines screamed: 'Coup in Beijing?' 'Has the PLA arrested Xi?' Anonymous Indian intelligence sources were quoted. Twitter flooded with satellite images—many from old military drills. Talk of an 'internal rebellion' social media accounts—later traced to IP addresses in Virginia, Taiwan, and London—amplified the frenzy. Then Xi reappeared at a military expo. Calm. Unmoved. The headlines vanished. But the psychological seed had been in 2023 and 2024In August 2023, Xi missed a BRICS planning session. British tabloids declared 'Chaos in Zhongnanhai.' American commentators floated theories about his fallout from the Rocket Force purge. Thai outlets translated it. Japanese pundits debated it. South Korean YouTubers built mini-documentaries around of it turned out to be fiction. Xi met Russian diplomats days later—healthy and present. The story was quietly dropped. No correction. No again in March 2024, just before the National People's Congress, Xi didn't attend a ceremonial event. The Washington Post ran with speculative unrest in the provinces. 'Elite discontent' was once again anonymously most recently, June 2025: ten days of silence. The rumour mill spun furiously—heart problems, power struggles, foreign meddling. But Xi returned—shaking hands with India's External Affairs Minister Dr S. Jaishankar in Beijing, all smiles for the cameras. No explanation CIA, MI6 and the Game of PerceptionWhy does this pattern repeat?Because it intelligence agencies understand that if they cannot physically destabilise China, they can attempt to fracture it psychologically—at least in perception. Global investors, Asian neighbours, and Chinese elites are all watching. Uncertainty is the weapon. Rumours are the delivery don't need to prove Xi is weak. They just need the world to wonder if he why these stories often begin in Langley, Vauxhall Cross, or within Western-funded think tanks. The narrative is seeded, echoed, and amplified. 'Sources say...' 'Satellite imagery suggests...' 'Anonymous officials believe...' Always speculative. Rarely verified. Yet persistently Becomes a WeaponChina's opaque political system lends itself to this tactic. The CCP's culture of secrecy allows room for speculation. Without transparency, Western media fills the void with opacity is not the same as Xi rules an authoritarian regime. Yes, the system crushes dissent and censors critics. But that doesn't mean it's on the verge of implosion every time he takes a break from public this with Western leaders. When a US president disappears? It's 'rest at Camp David.' When a UK Prime Minister goes quiet? 'Family holiday.' When Macron skips a summit? 'Scheduling conflict.'But when Xi disappears? It's a coup. Xi is not merely a man. He is the embodiment of the Chinese state. To suggest he's vulnerable is to imply the whole system Role of Think TanksMany of the organisations driving these narratives are not disinterested academics. They receive funding from defence contractors, government departments, or intelligence-linked sources. Their 'hypotheses' often become tomorrow's not evidence—it's projection. Geopolitics disguised as it works. Markets jitter. Investors hedge. Diplomats scramble. Policymakers rehearse 'China collapse' scenarios. A lie repeated often enough becomes a risk to be media outlets, especially in India, Taiwan, Japan, and South Korea, often retransmit these Western narratives. Sometimes out of alignment with geopolitical interests. Other times out of journalistic habit.A Manufactured RealityThis is the outcome: the West gets to script China's decline—no evidence needed. Xi keeps ruling. The CCP keeps functioning. And no journalist, editor, or analyst is ever held to account for being wrong. But they might just get a promotion for 'breaking' the next false is how information warfare Real IllusionYes, Xi Jinping governs with fear. Yes, China's political system is rigid and secretive. But the biggest illusion isn't Xi's the West's addiction to misinterpreting when policy is based on fantasy, it leads to strategic miscalculations. Trade collapses. Alliances erode. War becomes more likely—not because of facts, but because of Jinping is not invincible. But he isn't vanishing in defeat every few months either. And when he reappears after a stretch of silence, it's not a resurrection. It's a reminder: he never left.- Ends
