State Bank of Pakistan says 3% currency drop to address external pressures, help economy
Pakistan`s central bank said on Wednesday a sudden 3 percent weakening of the rupee against the dollar would help the country`s external account and shore up economic growth.
Jul 05, 2017, 20:35 PM IST
Nigeria not to devalue currency: Vice President Yomi Osinbajo
Nigeria's currency will not be devalued despite pressures, Vice President Yomi Osinbajo said.
Feb 28, 2016, 09:24 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
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
