Currency Devaluations
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Pakistani Rupee Hits A New Record low Of Rs 200 Per Dollar
The Pakistani rupee continued its month-long run of devaluation, with the currency trading at its all-time low of Rs 200 against the US dollar on Thursday.
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Currency Devaluation To Promote Exports Detrimental To Nation's Interest: Piyush Goyal
Dismissing the contention that currency devaluation encourages exports, Commerce and Industry Minister Piyush Goyal on Wednesday said weakening of the rupee would not be in the nation's interest in the long run.
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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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This Man Spent Seven Years And $240 Million Waiting For A China Crash
And now he's lost his conviction: Mark Hart, who called for a more than 50 percent yuan devaluation last year, has turned bullish on China and its currency.
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Japan Pushes Back On Donald Trump's Currency Devaluation Claim
Japan on Wednesday denied Donald Trump's accusation Tokyo "played the money market" to give it an unfair trade advantage, with Prime Minister Shinzo Abe saying the claims of currency devaluation were untrue.
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In Pro-EU Scotland, Whisky Makers Cheer Brexit Boon
While most of Scotland voted against leaving the European Union, whisky makers have quietly been raising a wee dram to a side-effect of the Brexit vote -- a plunge in the value of the pound.
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Market Bears Smell Blood As China Scrambles To Plug Capital Outflows
China is trying to tighten its grip on capital outflows after a slide in the yuan this year of almost 6 percent, which has pushed the currency down to levels last seen more than eight years ago.
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Venezuela's Currency Is So Devalued It No Longer Fits In Ordinary Wallets
It's not so easy to find someone who still uses a wallet in Venezuela, where inflation is expected to reach 720 percent this year and the biggest bill - 100 bolivars - is worth about 5 U.S. cents on the black market.
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Anger And Scramble To Stash Cash In Black Money Squeeze: Foreign Media
Banks reopened to long lines and angry customers throughout India on Thursday after the government's surprise move to devalue high-denomination currency in an effort to fight corruption and so-called "black money."
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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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Not Time For Central Banks To Devalue Currencies: Raghuram Rajan
India's central bank governor on Friday reiterated his previous calls for central banks globally not to depreciate their currencies for competitive advantage and said it would be an issue he wanted to address with other central bankers.
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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.
-
Pakistani Rupee Hits A New Record low Of Rs 200 Per Dollar
The Pakistani rupee continued its month-long run of devaluation, with the currency trading at its all-time low of Rs 200 against the US dollar on Thursday.
-
Currency Devaluation To Promote Exports Detrimental To Nation's Interest: Piyush Goyal
Dismissing the contention that currency devaluation encourages exports, Commerce and Industry Minister Piyush Goyal on Wednesday said weakening of the rupee would not be in the nation's interest in the long run.
-
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...
-
This Man Spent Seven Years And $240 Million Waiting For A China Crash
And now he's lost his conviction: Mark Hart, who called for a more than 50 percent yuan devaluation last year, has turned bullish on China and its currency.
-
Japan Pushes Back On Donald Trump's Currency Devaluation Claim
Japan on Wednesday denied Donald Trump's accusation Tokyo "played the money market" to give it an unfair trade advantage, with Prime Minister Shinzo Abe saying the claims of currency devaluation were untrue.
-
In Pro-EU Scotland, Whisky Makers Cheer Brexit Boon
While most of Scotland voted against leaving the European Union, whisky makers have quietly been raising a wee dram to a side-effect of the Brexit vote -- a plunge in the value of the pound.
-
Market Bears Smell Blood As China Scrambles To Plug Capital Outflows
China is trying to tighten its grip on capital outflows after a slide in the yuan this year of almost 6 percent, which has pushed the currency down to levels last seen more than eight years ago.
-
Venezuela's Currency Is So Devalued It No Longer Fits In Ordinary Wallets
It's not so easy to find someone who still uses a wallet in Venezuela, where inflation is expected to reach 720 percent this year and the biggest bill - 100 bolivars - is worth about 5 U.S. cents on the black market.
-
Anger And Scramble To Stash Cash In Black Money Squeeze: Foreign Media
Banks reopened to long lines and angry customers throughout India on Thursday after the government's surprise move to devalue high-denomination currency in an effort to fight corruption and so-called "black money."
-
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.
-
Not Time For Central Banks To Devalue Currencies: Raghuram Rajan
India's central bank governor on Friday reiterated his previous calls for central banks globally not to depreciate their currencies for competitive advantage and said it would be an issue he wanted to address with other central bankers.
-
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.
