10-yr-old British-Indian Bodhana Sivanandan defeats Grandmaster Peter Wells
2025 British Chess Championships
LIVERPOOL: Bodhana Sivanandan, a 10-year-old British chess player of Indian descent, made history at the 2025 British Chess Championships by defeating Grandmaster Peter Wells in the tournament’s final round. The chess prodigy set a new record as the youngest female player to beat a grandmaster, surpassing the previous mark set by American Carissa Yip in 2019, reported The Indian Express.
Born and raised in London, Bodhana’s family originally hails from Trichy, Tamil Nadu. Her father, Sivanandan Velayutham, an IT professional, relocated the family to the UK in 2007. At a very young age Bodhana became a prominent figure in British chess circles. She was also invited to 10 Downing Street by former Prime Minister Rishi Sunak in 2023.
Young Bodhana uses a cushioned seat to reach the chessboard. Her father said that she began playing at five after discovering a chessboard at home. Initially, he supported her learning by downloading free instructional videos on Chess.com, not expecting her to pursue the game seriously.
Since then, Bodhana has garnered three world junior titles. Her victory over the experienced 60-year-old Wells was a surprise, as she faced considerable difficulty mid-game. By the 19th move, Wells’ knights were threatening her king and by the 26th move, she seemed likely to lose. Even at move 37, the outlook was bleak. However, a tactical error by Wells followed by precise moves from Bodhana reversed the position, leading to Wells’ resignation. English Chess Federation commentator Danny Gormally described the win as almost magical.
She chose to compete in the open event. Bodhana earned 24 rating points with her win and her joint was placed 26th open category. Her favourite players are Judit Polgar and Magnus Carlsen.
According to the report, Bodhana appreciates the way chess uses the brain and involves strategy and calculation. Bodhana also plays piano and violin.
Tim Wall, Director of Junior Chess at the English Chess Federation, lauding Bodhana's poise and maturity on the board, said that she would reach the grandmaster level within three to four years.
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RBI does not target any band for rupee, allows it to find its own level: Guv Malhotra
Mumbai (PTI): Reserve Bank Governor Sanjay Malhotra on Friday said the central bank does not target any band for the rupee in the forex market, and allows the domestic currency to find its own correct level.
The governor's statement came at a time when the rupee breached the 90-mark against the US dollar, and is hovering near that level.
"We don't target any price levels or any bands. We allow the markets to determine the prices. We believe that markets, especially in the long run, are very efficient. It's a very deep market," he said while replying to a question on rupee depreciation at a post-monetary policy press meet.
Malhotra said fluctuations in the market keep taking place, and the effort of the RBI is always to reduce any abnormal or excessive volatility.
"And that is what we will continue to endeavour," he added.
In its bi-monthly monetary policy, the RBI announced three-year USD/INR Buy Sell swaps of USD 5 billion this month.
When asked if the USD-INR swap is aimed at checking rupee depreciation, Malhotra said, "It is a liquidity measure. It is not to support the rupee".
Stressing that RBI does not target any level of rupee against the US dollar, he said the central bank allows "the rupee find its correct position, correct level".
The governor further said the country has sufficient foreign exchange reserves and the current account is manageable, and given the strong fundamentals of the economy, the country should witness good capital flows going forward.
Foreign portfolio investment (FPI) to India recorded a net outflow of USD 0.7 billion in 2025-26, so far (April-December 03), due to unabated withdrawal from the equity segment.
Flows under external commercial borrowings and non-resident deposit accounts moderated compared to the last year.
As of November 28, 2025, India's foreign exchange reserves stood at USD 686.2 billion, providing a robust import cover of more than 11 months.
The governor further said that, having reduced the policy rate (repo) by 25 basis points, the focus will now be on transmission of the rate cut to the real economy.
According to the RBI's November bulletin, the depreciation of the rupee in October was due to a stronger dollar, following the US Fed's policy announcement to lower the Federal funds rate.
Nevertheless, strong fundamentals, such as stable inflation, a resilient growth outlook for the Indian economy, a narrower current account deficit, steady services exports, robust private remittances, and robust foreign exchange reserves, have contributed to the rupee being the least volatile among emerging market and developing economies.
The rupee has performed better than the Euro, and its depreciation has been in line with that of other currencies, such as the Japanese Yen and the Korean Won (for April to November 2025-26).
The central bank has announced various measures over the last 3 years to diversify and expand the sources of foreign exchange funding, aiming to mitigate exchange rate volatility and dampen global spillovers.
The RBI bi-monthly policy in October had announced some measures to enhance the use of the rupee in international trade.
