China Currency Depreciation
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Rupee Depreciates Past 72 Against Dollar, Ends At Over 9-Month Low
The rupee on Monday declined by 36 paise and closed to an over nine-month low. The rupee opened lower at 72.03 and fell to an intraday low of 72.25 against the greenback. The rupee settled at 72.02 against the American currency. The depreciation in rupee was in line with weakness in currencies such as Turkish lira, Chinese yuan, and Australian doll...
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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 Loses 15 Paise Against Dollar In Early Trade: 10 Things To Know
The rupee depreciated by 15 paise to 71.02 against the US dollar in early trade on Tuesday at the interbank foreign exchange, after US President Donald Trump suggested a tariff hike on Chinese goods, reported news agency Press Trust of India (PTI). The rupee opened weak in line with other Asian currencies after Mr Trump on Monday said that for any ...
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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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China Weighs Tax On Currency Trades: Report
China's central bank has drafted plans to impose a tax on currency trades, in what would be its latest volley against those betting on a depreciation of the yuan.
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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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As China Tries to Reassure on Yuan Stability, Investors See Depreciation
Chinese policymakers tried to assure world leaders last week that they have no intention of pushing the value of the yuan down further to gain a competitive advantage. Their most pressing task though is to persuade financial markets.
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China Holds Line On Yuan, Stocks Plunge Again
China's central bank held the line on its yuan for a fourth straight session on Wednesday while putting the squeeze on offshore sellers of the currency, calming fears of a sustained depreciation - at least for now.
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China Holds Line on Yuan, Stocks Remain Fragile
China's central bank held the line on its yuan for a fourth straight session on Wednesday while putting the squeeze on offshore sellers of the currency, calming fears of a sustained depreciation - at least for now.
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Chinese Currency Depreciation 'Worrying' for Exports: Commerce Minister
The government on Friday called the slide in China's yuan a "worrying" development for its flagging exports and said it was discussing possible measures to deal with a likely surge in imports from its northern neighbour.
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5 Reasons Why China's Devaluation Sent Global Markets Into A Tailspin
The higher-than-expected depreciation in China's currency on Thursday has triggered a turmoil in global financial markets.
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China Lets Yuan Fall Faster, Share Trading Suspended As Prices Crash
China accelerated the depreciation of the yuan on Thursday, sending currencies across the region reeling and domestic stock markets tumbling, as investors feared the Asian giant was kicking off a trade war against its competitors.
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Japan's Nikkei Falls 0.57% in Early Trade
Worries about the Chinese economy rose after China's government depreciated its yuan currency in August, triggering concerns about a slower pace of growth in the world's number two economy.
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China's Xi Jinping Says to Push Yuan Reform, FX Reserves Remain Ample: Report
China will push forward market-based reform of its currency regime and make the yuan convertible on the capital account over time, President Xi Jinping told the Wall Street Journal in an interview published on Tuesday.
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Rupee Depreciates Past 72 Against Dollar, Ends At Over 9-Month Low
The rupee on Monday declined by 36 paise and closed to an over nine-month low. The rupee opened lower at 72.03 and fell to an intraday low of 72.25 against the greenback. The rupee settled at 72.02 against the American currency. The depreciation in rupee was in line with weakness in currencies such as Turkish lira, Chinese yuan, and Australian doll...
-
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 Loses 15 Paise Against Dollar In Early Trade: 10 Things To Know
The rupee depreciated by 15 paise to 71.02 against the US dollar in early trade on Tuesday at the interbank foreign exchange, after US President Donald Trump suggested a tariff hike on Chinese goods, reported news agency Press Trust of India (PTI). The rupee opened weak in line with other Asian currencies after Mr Trump on Monday said that for any ...
-
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.
-
China Weighs Tax On Currency Trades: Report
China's central bank has drafted plans to impose a tax on currency trades, in what would be its latest volley against those betting on a depreciation of the yuan.
-
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.
-
As China Tries to Reassure on Yuan Stability, Investors See Depreciation
Chinese policymakers tried to assure world leaders last week that they have no intention of pushing the value of the yuan down further to gain a competitive advantage. Their most pressing task though is to persuade financial markets.
-
China Holds Line On Yuan, Stocks Plunge Again
China's central bank held the line on its yuan for a fourth straight session on Wednesday while putting the squeeze on offshore sellers of the currency, calming fears of a sustained depreciation - at least for now.
-
China Holds Line on Yuan, Stocks Remain Fragile
China's central bank held the line on its yuan for a fourth straight session on Wednesday while putting the squeeze on offshore sellers of the currency, calming fears of a sustained depreciation - at least for now.
-
Chinese Currency Depreciation 'Worrying' for Exports: Commerce Minister
The government on Friday called the slide in China's yuan a "worrying" development for its flagging exports and said it was discussing possible measures to deal with a likely surge in imports from its northern neighbour.
-
5 Reasons Why China's Devaluation Sent Global Markets Into A Tailspin
The higher-than-expected depreciation in China's currency on Thursday has triggered a turmoil in global financial markets.
-
China Lets Yuan Fall Faster, Share Trading Suspended As Prices Crash
China accelerated the depreciation of the yuan on Thursday, sending currencies across the region reeling and domestic stock markets tumbling, as investors feared the Asian giant was kicking off a trade war against its competitors.
-
Japan's Nikkei Falls 0.57% in Early Trade
Worries about the Chinese economy rose after China's government depreciated its yuan currency in August, triggering concerns about a slower pace of growth in the world's number two economy.
-
China's Xi Jinping Says to Push Yuan Reform, FX Reserves Remain Ample: Report
China will push forward market-based reform of its currency regime and make the yuan convertible on the capital account over time, President Xi Jinping told the Wall Street Journal in an interview published on Tuesday.
