On Wednesday (June 17) at the close of trading in New York (Thursday 04:59 Beijing time), the offshore renminbi (CNH) was quoted at 6.7762 yuan per dollar, down 196 points from Tuesday’s close in New York, with intraday trading ranging between 6.7539 and 6.7816 yuan.

Foreign investors are accelerating their sell-off of Indian stocks — with a net sale of approximately $1.06 billion on Wednesday alone, significantly higher than the previous five-day average of around $720 million. Year-to-date net sales have reached $27.8 billion, setting a new historical record. Meanwhile, if the Nifty 50 and Sensex close lower this week, it will mark the longest consecutive weekly decline in 25 years. The market closure on Friday has further heightened investor caution, and there will be some pressure for position adjustments when trading resumes next week.