Chinese Yuan exchange rate in line with fundamentals: IMF
The IMF expected that China`s current account surplus will continue to be narrowed if the country continues to implement reforms.
Jul 29, 2017, 16:21 PM IST
Yuan hits 6-1/2-month high; other currencies rise in tight range
Asian currencies rose on Wednesday as strong manufacturing data from China coupled with a risk-happy market environment spurred interest in emerging currencies, with the Chinese yuan jumping to its highest in six-and-a-half months.
May 31, 2017, 12:47 PM IST
Chinese yuan set to be inducted into IMF currency basket
China`s yuan is poised to enter the International Monetary Fund`s elite SDR basket of currencies, raising Beijing`s banknotes to the status of global reserve asset.
Sep 30, 2016, 23:51 PM IST
Pent up dollar demand by jewellers to exert pressure on rupee: Experts
Pent up demand for US dollars by the jewellery sector, coupled with a weak Chinese yuan, are expected to exert pressure on the Indian rupee during the upcoming week, experts said on Saturday.
Mar 26, 2016, 19:46 PM IST
Chinese yuan strengthens to three-month high
The onshore yuan climbed to 6.4625 to the dollar as of 9.40 a.m. in Shanghai, up 214 basis points from Thursday`s close, according to China Foreign Exchange Trade System prices.
Mar 18, 2016, 09:27 AM IST![China says economy will "absolutely not" experience hard landing](https://english.cdn.zeenews.com/sites/default/files/styles/zm_700x400/public/2016/03/06/466858-chinese-ecoomy.jpg "China says economy will "absolutely not" experience hard landing")
China says economy will "absolutely not" experience hard landing
China`s economy isn`t headed for a hard landing and isn`t dragging on the global economy, China`s top economic planner said on Sunday, but uncertainty and instability in the global economy do pose a risk to the country`s growth
Mar 06, 2016, 21:50 PM IST
Asia shares hit 3-1/2-year lows as oil resumes fall
Asian stocks surrendered earlier gains to hit 3-1/2-year lows on Friday as renewed pressure on oil prices and disappointing Chinese data kept investors on edge.
Jan 15, 2016, 10:05 AM IST
IMF poised to put Chinese yuan in elite currency basket
The International Monetary Fund is expected to approve inclusion of China`s yuan in its SDR basket of elite currencies on Monday, rewarding Beijing`s strong pursuit of the global status.
Nov 29, 2015, 09:44 AM IST
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.
Nov 12, 2015, 13:44 PM IST
China to start direct trading between Yuan and Swiss Franc
The move will lower trading costs for China and Switzerland.
Nov 09, 2015, 20:44 PM IST
US softens stance on China's currency
The United States has softened its long-held stance that China's currency is significantly undervalued, saying the yuan remains below its "appropriate medium-term valuation".
Oct 20, 2015, 08:20 AM IST
China launches international payment system to globalise yuan
The CIPS provides capital settlement and clearing services for cross-border yuan transactions for financial institutions domestically and abroad.
Oct 08, 2015, 11:30 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
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
Pick up in economy, rural demand may rebound: Raghuram Rajan
Reserve Bank Governor Raghuram Rajan on Thursday said there is a pick up in the economy and expressed hope that rural demand will get stronger if the monsoon improves.
Aug 20, 2015, 10:34 AM IST
'India still far off from turnaround in corporate investment cycle'
The country remains a 'long way off' from a complete turnaround in the corporate investment cycle despite various positive economic indicators, says a report.
Aug 19, 2015, 19:37 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
China launches direct currency trading with Singapore
The move is crucial for the formation of a direct exchange rate between the Chinese yuan and Singapore dollar.
Oct 27, 2014, 20:32 PM IST
China's yuan weakens
In China`s foreign exchange spot market, the yuan is allowed to rise or fall by two percent from the central parity rate each trading day.
Jun 16, 2014, 08:45 AM IST
