renminbi

CPEC turns into challenge for China; entire One Belt One Road project could be at stake

CPEC turns into challenge for China; entire One Belt One Road project could be at stake

Any strains for CPEC are bound to have wide repercussions for China's attempts in other countries.

Dec 06, 2017, 20:34 PM IST
Roadblock in friendship? Pakistan 'stunned', as China stops funding for 3 CPEC projects, says report

Roadblock in friendship? Pakistan 'stunned', as China stops funding for 3 CPEC projects, says report

Was China's decision to stop funding for the three road projects retribution?

Dec 05, 2017, 16:23 PM IST
IMF sees little room for dramatic depreciation of yuan

IMF sees little room for dramatic depreciation of yuan

China's central bank has devalued the yuan by 0.51 percent to 6.56 percent against the dollar, the lowest since March 2011.

 

Mar 12, 2016, 15:22 PM IST
China cuts yuan rate for 3rd straight day by more than 1%

China cuts yuan rate for 3rd straight day by more than 1%

China cut the reference rate for its currency for the third straight day on Thursday, authorities said, after their surprise devaluation of the yuan this week unsettled global financial markets.

Aug 13, 2015, 11:12 AM IST
Chinese currency devaluation appears a welcome step: IMF

Chinese currency devaluation appears a welcome step: IMF

China's new mechanism for determining the central parity of its currency "appears a welcome step" as it should allow market forces to have a greater role in determining the exchange rate, the IMF has said.

Aug 12, 2015, 12:17 PM IST
China devalues its currency Yuan: What will be the worldwide impact

China devalues its currency Yuan: What will be the worldwide impact

China cut the value of the yuan against the dollar for a second consecutive day.

Aug 12, 2015, 09:40 AM IST

China`s yuan currency `no longer undervalued`: IMF

China`s vast and regular trade surpluses have seen it accumulate the world`s largest foreign exchange reserves, which stood at $3.73 trillion at the end of March.

May 26, 2015, 17:17 PM IST

How China is upsetting the old global economic order

With its huge new infrastructure bank and its ambitions for a globalised renminbi currency, China is leading the upending of a 70-year-old global order built on American economic power.

Apr 19, 2015, 18:21 PM IST

Switzerland, China agree swap boosting role of yuan

The BNS statement said that the agreement was "an important step" for the renminbi business in Switzerland.

Jul 21, 2014, 15:55 PM IST

China yuan hits 16-month low against dollar

China`s yuan currency extended its downtrend against the dollar Wednesday to hit a 16-month low, despite the country`s central bank fixing its trading point for the unit at a higher level.

Apr 23, 2014, 11:39 AM IST

Renminbi appreciating gradually, says Chinese official

China's currency Renminbi is gradually appreciating and the revaluation is having a positive impact on overall trade balance, an official of the Chinese central bank said Monday.

Mar 19, 2012, 16:28 PM IST

Renminbi needs to be convertible to become global currency:RBI

China's Renminbi should be freely convertible and its rate be market determined if it aspires to become world's reserve currency, replacing the US dollar, Reserve Bank Governor D Subbarao said on Friday.

Oct 07, 2011, 21:45 PM IST