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Chinese currency News

31 Aug 2017

China's yuan posts best month since 2005 revaluation

China`s yuan eased on Thursday but posted its biggest monthly gain at the month-end, in percentage terms, since the Chinese currency was revalued and taken off a fixed dollar peg in 2005.

06 Mar 2016

China's foreign reserves plunge half a trillion dollars

China today said its foreign reserves, the world's largest, declined by about half a trillion dollars last year which largely went to its citizens and companies

India's Exports

08 Jan 2016

Yuan devaluation worrying for Indian exports: Nirmala

Commerce and Industry Minister Nirmala Sitharaman said the devaluation of the yuan will make imports cheaper from China to India.

04 Jan 2016

China cuts yuan to weaker than 6.5 against dollar

China cut the yuan`s value against the greenback Monday, making it weaker than 6.5 for the first time in more than four-and-a-half years, with pressure mounting as the world`s number two economy from a growth slowdown.

Chinese currency

14 Dec 2015

Chinese yuan weakens to four-year low

The central parity rate of the Chinese currency renminbi (yuan) weakened on Monday for the sixth consecutive day to its lowest level against the USD since July 2011.

12 Nov 2015

Chinese yuan weakens against USD for 8th day, lowest in month

The yuan weakened by 14 basis points against the US dollar, the China Foreign Exchange Trading System said.

26 Aug 2015

Long way to go for India to become global growth engine: Rajan

RBI Governor Raghuram Rajan has said it will be "a long time" before India can replace China as a growth engine for the global economy, even if it grows at a faster rate.

26 Aug 2015

'When China sneezes, the world could catch a cold'

When China sneezes, the world could catch a cold, said a commentary in China`s Xinhua news agency which added that the global economy is closely tied to Chinese performance.

Currency volatility

26 Aug 2015

Currency volatility: How it will affect global growth

Faced with falling exports and deflation risks, it suited much of Asia to let their currencies drift lower, until China`s abrupt devaluation triggered a tide of volatility that is upsetting not just their currency management but also their growth strategies.

Yuan devaluation

20 Aug 2015

Currency devaluation raises question on China's strength: Rajan

Terming devaluation of currencies as a "worrisome trend", RBI Governor Raghuram Rajan on Thursday said China's move to devalue its currency and to protect its stock markets raise questions about the 'true strength' of the world's second largest economy.

18 Aug 2015

Chinese yuan strengthens

In China`s spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.

14 Aug 2015

Yuan devaluation to have temporary impact on rupee: CEA

The Finance Ministry on Friday said the devaluation of Chinese currency will only have a temporary impact on the rupee as India has adequate foreign exchange reserves.

13 Aug 2015

Rupee plunges to new 2-year low, weakens past 65 Vs USD on yuan woes

The rupee has dropped by 136 paise or 2.13 percent in the last seven trading sessions as the Chinese central bank's continued effort to guide the yuan lower.

13 Aug 2015

Rupee may weaken further on China currency depreciation: Citi

India seems to be less vulnerable to China's currency depreciation through direct channels, but the rupee may still weaken, says a Citigroup report.

12 Aug 2015

Why Indian Rupee has plunged to 2-year low

key reasons of rupee's depreciation

Yuan devaluation

12 Aug 2015

World economies must take note of yuan devaluation: CEA

World economies, including India, will have to take note of Chinese currency devaluation designed to avert slowdown in its economy and exports, Chief Economic Advisor Arvind Subramanian said Wednesday.

10 Aug 2015

China to issue new 100 yuan note with more security features

China's central bank, the People's Bank of China (PBOC), Monday said it will start issuing a new 100-yuan bank note from November 12 that will be harder to counterfeit and easier for machines to read.

27 May 2015

Chinese Yuan still undervalued: US Jack Lew

The United States still believes China`s yuan currency is undervalued, unlike the International Monetary Fund, US Treasury Secretary Jack Lew said Wednesday.

26 May 2015

Chinese currency no longer 'undervalued': IMF

The IMF Tuesday said China's currency is "no longer undervalued," deflating repeated US assessment that the Yuan is deliberately devalued to secure trade advantages.

25 Feb 2015

Samsung, China trade deal give boost to South Korea's yuan hub ambitions

South Korea became the third country in the world to begin direct trading of the yuan for a local currency in December under the aim of grabbing a larger share of the growing business opportunities involving the yuan outside China.

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