China policymakers try to calm investors as stocks resume trading
Looking to draw a line under wild gyrations in Chinese equity markets, which have fallen 40 percent since mid-June, China`s securities regulator said it would take more steps to ensure stable markets, while government officials said the worst of the volatility was over.
Sep 07, 2015, 11:06 AM IST
Yuan weakens despite firmer midpoint, less intervention seen
"Dollar sales by state-owned banks on behalf of the central bank eased today," said a dealer at a European bank in Shanghai.
Sep 07, 2015, 09:52 AM IST
China defends Yuan devaluation, sees 'limited' impact
China on Saturday defended the recent revamp of its foreign exchange regime that led to a sharp devaluation of the yuan, calling it a "normal adjustment".
Aug 29, 2015, 15:49 PM IST
Chinese officials worried as economy enters ''tricky'' phase: Economist
China`s economy is entering a treacherous phase as it moves away from traditional sources of growth like heavy manufacturing and real estate investment, but has yet to complete the transition to a new model, a prominent Chinese economist said on Friday.
Aug 29, 2015, 02:04 AM IST
'Don't blame yuan devaluation for global market rout'
China`s devaluation of its yuan currency should not be made a scapegoat for the recent global stock market rout, a senior Chinese central bank official told Reuters on Thursday.
Aug 27, 2015, 19:37 PM IST
Chinese yuan strengthens
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, Xinhua reported.
Aug 24, 2015, 08:30 AM IST
Doubts over Chinese yuan put BOJ in a bind
China`s devaluation of the yuan exposes an undefended flank in the Bank of Japan`s efforts to jolt its flagging economy out of decades of deflation, which rely heavily on a solid pick-up in overseas demand.
Aug 20, 2015, 10:00 AM IST
IMF extends SDR update as eyes inclusion of China`s yuan
The IMF said Wednesday that it had extended by nine months the scheduled revision of its elite currencies basket, giving more time for adjustment to the potential inclusion of China`s yuan.
Aug 19, 2015, 22:52 PM IST
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.
Aug 18, 2015, 08:24 AM IST
Devaluation of yuan to impact handicraft export: EPCH
Export Promotion Council for Handicrafts (EPCH) said that Indian products would loose their competitiveness in the global market due to the devaluation of yuan.
Aug 17, 2015, 14:10 PM IST
MFs fear large-scale investor exit on yuan devaluation
Mutual funds managing offshore money are fearing a large-scale investor exit in the event of a further depreciation in the rupee, which has been hit hard after a surprise devaluation of Chinese currency yuan last week.
Aug 16, 2015, 15:49 PM IST
Response to deal with yuan devaluation impact soon: FinMin
Mehrishi pushed for RBI cutting interest rate to encourage manufacturing and boost exports, arguing risks are not much as inflation is low.
Aug 16, 2015, 13:37 PM IST
China's long march to currency reform takes a step forward
China's currency devaluation is a step in the long march to a more open regime for the yuan, analysts say, but authorities will need to further loosen their controls to promote long-term growth.
Aug 14, 2015, 23:51 PM IST
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.
Aug 14, 2015, 21:34 PM IST
China yuan devaluation rattles India Inc; cheap imports may rise
With China's move to devalue its currency, engineering and textile exports from India are expected to take a major hit with Chinese goods becoming more competitive.
Aug 12, 2015, 22:39 PM IST
Yuan devaluation is challenge; but India can overcome: SBI chief
State-run SBI chief Arundhati Bhattacharya Wednesday said Chinese currency Yuan devaluation is a challenge and expressed hope that India has potential to overcome this challenge.
Aug 12, 2015, 20:06 PM IST
China calls for ATM upgrade to handle new currency notes
The People's Bank of China (PBOC) said it will issue new 100-yuan bank notes starting November 12.
Aug 12, 2015, 17:59 PM IST
China devalues yuan further, sparks fears of currency war
Tuesday's devaluation by the world's second largest economy, the first since 1994, was effected amid slowing down of the economy which is hovering around seven percent and falling exports.
Aug 12, 2015, 17:57 PM IST
Brokerages see no major trade hit on yuan fall
Even though the rupee has been under pressure for past two trading sessions, French brokerage BNP Paribas said yuan devaluation will not have a major impact as the country's trade exposure to China is comparatively small and also due to strong balance of payments situation.
Aug 12, 2015, 17:25 PM IST
Sensex sinks 354 points; extends rout on yuan, reform worries
The NSE Nifty index went below the crucial 8,400-mark before settling lower 112.90 points, or 1.33 percent, at 8,349.45.
Aug 12, 2015, 17:15 PM IST
