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.
Aug 31, 2017, 15:10 PM IST
Oil slides below $33 to near 12-year low as China turmoil rattles investors
Oil fell below $33 a barrel on Thursday for the first time since April 2004 as a fall in Chinese shares rattled investors already concerned by near-record production and massive stockpiles of unwanted crude and refined products.
Jan 07, 2016, 21:24 PM IST
Markets at 19-month low, Sensex plunges 555 points on China woes
The NSE Nifty felt the heat too as it cracked below the 7,600-mark as selling picked up across sectors.
Jan 07, 2016, 18:37 PM IST
SDR, the IMF`s special international reserve asset
The Special Drawing Right has been the International Monetary Fund`s "artificial currency" since 1969, used notably to calculate the interest rates it charges on loans to member states.
Nov 29, 2015, 09:50 AM IST
Chinese yuan weakens
In China's spot foreign exchange market, the yuan is allowed to rise or fall by two percent from the central parity rate each trading day.
Nov 24, 2015, 07:51 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
