China sends 71 warplanes, 7 ships toward Taiwan in 24 hours
Taipei (Taiwan), Dec 26: China's military sent 71 planes and seven ships toward Taiwan in a 24-hour display of force directed at the island, Taiwan's defense ministry said Monday, after China expressed anger at Taiwan-related provisions in a US annual defense spending bill passed on Saturday.
China's military harassment of self-ruled Taiwan, which it claims is its own territory, has intensified in recent years, and the Communist Party's People's Liberation Army has sent planes or ships toward the island on a near-daily basis.
Between 6 am Sunday and 6 a.m. Monday, 47 of the Chinese planes crossed the median of the Taiwan Strait, an unofficial boundary once tacitly accepted by both sides, according to Taiwan's Ministry of National Defense.
Among the planes China sent towards Taiwan were 18 J-16 fighter jets, 11 J-1 fighters, 6 Su-30 fighters and drones.
Taiwan said it monitored the Chinese moves through its land-based missile systems, as well as on its own navy vessels.
"This is a firm response to the current US-Taiwan escalation and provocation," said Shi Yi, the spokesman for the PLA's Eastern Theater Command, in a statement on Sunday night. It announced that the PLA was holding joint combat patrols and joint strike drills in the waters around Taiwan.
Shi was referring to the US defense spending bill, which calls China a strategic challenge. With regard to the Indo-Pacific region, the legislation authorizes increased security cooperation with Taiwan and requires expanded cooperation with India on emerging defense technologies, readiness and logistics.
China's military has often used large military exercises as a demonstration of force in response to U.S. government actions in support of Taiwan. It conducted large live-fire military exercises in August in response to US House speaker Nancy Pelosi's visit to Taiwan. Beijing views visits from foreign governments to the island as de facto recognition of the island as independent and a challenge to China's claim of sovereignty.
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Rupee hits all-time intra-day low of 92.36 against US dollar
Mumbai (PTI): The rupee tumbled 35 paise to hit all-time intra-day low of 92.36 against the US dollar on Thursday as global crude oil prices kept rising overnight and showed no signs of easing amid the raging war in West Asia.
A stronger greenback, and weak sentiments in the domestic equity markets further weighed on the rupee, which was already on a weak footing in early trade due to heavy FII outflows, forex traders said.
At the interbank foreign exchange, the local unit opened at 92.25 but kept falling to hit an all-time intra-day low of 92.36 against the US dollar, losing 35 paise from its previous close.
The rupee had seen its previous record intra-day low of 92.35 against the greenback on March 9.
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On Wednesday, it declined 16 paise to settle at 92.01 against the US dollar.
The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.18 per cent higher at 99.40.
Brent crude, the global oil benchmark, was trading higher by 6.72 per cent at USD 98.16 per barrel in futures trade.
On the domestic equity market front, the Sensex plunged 445.26 points, or 0.58 per cent, to 76,418.45 points, while the Nifty was down 121.70 points, or 0.51 per cent, at 23,745.15.
Foreign institutional investors sold equities worth Rs 6,267.31 crore on a net basis on Wednesday, according to exchange data.
