Forex Devaluation
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Yuan Falls To Fresh 11-Year Lows On Trade War Worries
Prior to the market opening, the People's Bank of China (PBOC) set the midpoint rate at 7.049 per dollar prior to market open, weaker than the previous fix of 7.0433.
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Rupee Suffers Biggest Slump Against Dollar In 6 Years: 10 Things To Know
The rupee nosedived 113 paise or 1.62 per cent against the US dollar and breached the 70-mark on Monday, news agency Press Trust of India (PTI) reported. The fall in rupee's value marked the biggest single-day drop in the last six years. The depreciation came on the back of escalation of trade tensions between the United States and China, a sharp d...
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Rupee Hits Two-Week Low On Devaluation Reports
The rupee on Thursday ended below the psychological 67-mark, falling 13 paise to hit over two-week low, on renewed demand for the US dollar amid reports that the Commerce Ministry might propose devaluation of the domestic currency to give a fillip to the exports sector.
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Current Position Of Rupee Pretty Reasonable: Raghuram Rajan
Reserve Bank of India Governor Raghuram Rajan on Monday said the current level of the rupee is "pretty reasonable" and any attempt to devalue it may lead to a surge in inflationary pressures and "offset any benefits".
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China Cuts Yuan Fix In Biggest Move Since Devaluation
China weakened the yuan's fixing almost one per cent to a five-and-half-year low against the dollar on Monday, officials said, the biggest downward move since August as the greenback surge after Britain's vote to leave the European Union.
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Rupee In For Tough Times Amid Speculation About Raghuram Rajan's Future
The rupee is back in focus, nearly 10 months after it came under tremendous pressure over fears of currency war following the surprise devaluation of China's yuan.
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US, Japan Disagreement On Yen Moves Overshadows G7 Meeting
The United States issued a fresh warning to Japan against intervening in currency markets on Saturday as the two countries' differences over foreign exchange overshadowed a Group of Seven finance leaders' gathering in the Asian nation.
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No Basis for Further Currency Depreciation: China Central Bank
China's central bank has said there is no basis for "further depreciation" of its currency but asserted that it would continue to pursue market-based exchange rate reform.
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No Serious Challenge To Rupee: Jaitley
Jaitley said that despite global currencies losing ground, the rupee was holding out for the past one and a half year, till August last year, when China devalued its currency.
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IMF Sees Little Room for Dramatic Yuan Depreciation
The International Monetary Fund (IMF) has said it does not expect a very dramatic depreciation of the Chinese yuan anytime soon, but the multilateral agency has instruments in place to deal with volatility on account of any further devaluation.
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PM Modi Signals Country Won't Join Forex Devaluation Race
Prime Minister Narendra Modi said Asia's third-largest economy has never undervalued its exchange rate to boost trade and signalled the country would not join other countries in pushing their currencies lower.
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Use of Yuan for Trade Deals Seen Growing
More China trade is expected to be settled in yuan this year despite concerns about its cooling economy and fears that the currency could weaken further.
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Raghuram Rajan Says Not in Favour of Devaluing Exchange Rate
Reserve Bank of India (RBI) Governor Raghuram Rajan on Monday said he was not in favour of devaluing exchange rates to boost economic growth, signalling India will not join other countries such as China or Japan in pushing down their currencies.
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China Forex Reserves Fall to Lowest Since May 2012
China's foreign reserves fell for a third straight month in January, as the central bank dumped dollars to defend the yuan and prevent an increase in capital outflows.
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Chinese Yuan to Fall but No Big Devaluation Seen: Poll
The Chinese yuan will slide to a multi-year low in the coming 12 months based on expectations of more monetary policy easing, continued outflows of capital and further pressure from a relatively strong dollar, according to a Reuters poll.
-
Yuan Falls To Fresh 11-Year Lows On Trade War Worries
Prior to the market opening, the People's Bank of China (PBOC) set the midpoint rate at 7.049 per dollar prior to market open, weaker than the previous fix of 7.0433.
-
Rupee Suffers Biggest Slump Against Dollar In 6 Years: 10 Things To Know
The rupee nosedived 113 paise or 1.62 per cent against the US dollar and breached the 70-mark on Monday, news agency Press Trust of India (PTI) reported. The fall in rupee's value marked the biggest single-day drop in the last six years. The depreciation came on the back of escalation of trade tensions between the United States and China, a sharp d...
-
Rupee Hits Two-Week Low On Devaluation Reports
The rupee on Thursday ended below the psychological 67-mark, falling 13 paise to hit over two-week low, on renewed demand for the US dollar amid reports that the Commerce Ministry might propose devaluation of the domestic currency to give a fillip to the exports sector.
-
Current Position Of Rupee Pretty Reasonable: Raghuram Rajan
Reserve Bank of India Governor Raghuram Rajan on Monday said the current level of the rupee is "pretty reasonable" and any attempt to devalue it may lead to a surge in inflationary pressures and "offset any benefits".
-
China Cuts Yuan Fix In Biggest Move Since Devaluation
China weakened the yuan's fixing almost one per cent to a five-and-half-year low against the dollar on Monday, officials said, the biggest downward move since August as the greenback surge after Britain's vote to leave the European Union.
-
Rupee In For Tough Times Amid Speculation About Raghuram Rajan's Future
The rupee is back in focus, nearly 10 months after it came under tremendous pressure over fears of currency war following the surprise devaluation of China's yuan.
-
US, Japan Disagreement On Yen Moves Overshadows G7 Meeting
The United States issued a fresh warning to Japan against intervening in currency markets on Saturday as the two countries' differences over foreign exchange overshadowed a Group of Seven finance leaders' gathering in the Asian nation.
-
No Basis for Further Currency Depreciation: China Central Bank
China's central bank has said there is no basis for "further depreciation" of its currency but asserted that it would continue to pursue market-based exchange rate reform.
-
No Serious Challenge To Rupee: Jaitley
Jaitley said that despite global currencies losing ground, the rupee was holding out for the past one and a half year, till August last year, when China devalued its currency.
-
IMF Sees Little Room for Dramatic Yuan Depreciation
The International Monetary Fund (IMF) has said it does not expect a very dramatic depreciation of the Chinese yuan anytime soon, but the multilateral agency has instruments in place to deal with volatility on account of any further devaluation.
-
PM Modi Signals Country Won't Join Forex Devaluation Race
Prime Minister Narendra Modi said Asia's third-largest economy has never undervalued its exchange rate to boost trade and signalled the country would not join other countries in pushing their currencies lower.
-
Use of Yuan for Trade Deals Seen Growing
More China trade is expected to be settled in yuan this year despite concerns about its cooling economy and fears that the currency could weaken further.
-
Raghuram Rajan Says Not in Favour of Devaluing Exchange Rate
Reserve Bank of India (RBI) Governor Raghuram Rajan on Monday said he was not in favour of devaluing exchange rates to boost economic growth, signalling India will not join other countries such as China or Japan in pushing down their currencies.
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China Forex Reserves Fall to Lowest Since May 2012
China's foreign reserves fell for a third straight month in January, as the central bank dumped dollars to defend the yuan and prevent an increase in capital outflows.
-
Chinese Yuan to Fall but No Big Devaluation Seen: Poll
The Chinese yuan will slide to a multi-year low in the coming 12 months based on expectations of more monetary policy easing, continued outflows of capital and further pressure from a relatively strong dollar, according to a Reuters poll.
