The Indian rupee struggled for direction on Wednesday, as comfort from a broadly weaker dollar and modest inflows proved transient in the face of strong demand for the greenback from state-run banks and weakness in the Chinese yuan.

The Vienna Zoo on Wednesday welcomed two new pandas named Lan Yuan and He Feng after the last pandas had left the zoo in late 2024.

Analysts at the financial giant Goldman Sachs reportedly think the onshore Chinese yuan (CNY) will rise against the dollar over the next 12 months.

With both China and the US reporting ‘progress’ in their first trade talks, the offshore yuan had strengthened to 7.22 per US dollar by Monday.

China's yuan finished the domestic trading session at a six-month high against the dollar on Tuesday, underpinned by an unwinding of carry trades and a broader rush out of U.S. assets and back into Asia.

The Chinese yuan was weaker along with most other Asian currencies, including the Singapore dollar, after the PBOC said it will ease policy.

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BEIJING] Chinese e-commerce platforms are offering discounts of up to 2,530 yuan (S$457) on Apple’s latest iPhone 16 models, an effort to spur sales as first-quarter shipments by the US tech giant fell further in its second-largest market.