China fixes Yuan at 6-year low against US dollar
China`s central bank set the yuan`s central parity rate weaker than 6.7 to the dollar for the first time in six years Monday, the first day of trading after it joined the IMF`s "special drawing rights" reserve currency basket.
Oct 10, 2016, 11:00 AM IST
China says its forex reserves relatively abundant despite drop
As China's foreign reserves, the world's largest, dipped to over three year low to USD 3.3 trillion last month, the government has said USD 107.9 billion shortfall was partly caused due to US interest rate hike and assured the public that there was still "relatively abundant" reserves.
Jan 10, 2016, 14:37 PM IST
