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The 36-year-old Sania, who turned Pro in 2003, walks out of competitive tennis with six Grand Slam titles, including three women's doubles with Swiss legend Martina Hingis.
Sania, who is bidding adieu to the game after the ongoing Dubai Tennis Championships, says she never had the fear of losing in her heart because it makes a player defensive.
RCB have roped in the Indian tennis legend as team mentor in the inaugural edition of the Women's Premier League.
Unseeded Bopanna and Sania lost 6-7(2) 2-6 to Brazilian pair of Luisa Stefani and Rafael Mataos in the final at Rod Laver Arena.
The unseeded Indian pair knocked out third seeds Desirae Krawczyk and Neal Skupski 7-6(5), 6-7(5), 10-6 in the semifinal that lasted one hour and 52 minutes.
The Indians progressed after Jelena Ostapenko and David Vega Hernandez pulled out of the mixed doubled quarterfinals.
The Indian pair defeated Japan's Makoto Ninomiya and Uruguay's Ariel Behar 6-4, 7-6(11-9).
N Sriram Balaji and Jeevan Nedunchezhiyan's were also halted by the French duo of Jeremy Chardy and Fabrice Martin in the second round of the men's doubles.
Sriram Balaji and Jeevan Nedunchezhiyan stunned fifth seeds Ivan Dodig and Austin Krajicek in the opening round.
Sania will compete alongside Kazakhstan's Anna Danilina at the Australian Open, which begins on January 16, before bidding farewell to the sport in the UAE.