Base rate calculation guidelines for banks soon: RBI
The Reserve Bank on Tuesday said it will shortly announce methodology for determining the base rate taking into account the marginal cost of funds, a move aimed at ensuring that banks pass on policy rate cuts to borrowers.
Dec 01, 2015, 13:07 PM IST
Yuan's inclusion in SDR basket may lead to devaluation: Rajan
Reserve Bank of India Governor Raghuram Rajan said on Tuesday the inclusion of the yuan in the International Monetary Fund`s special drawing rights basket could lead to more devaluation of the Chinese currency.
Dec 01, 2015, 13:03 PM IST
Asia shares fall on China caution, yuan jumpy ahead of IMF decision
Asian shares fell on Monday as Chinese stocks extended last week`s sharp losses, while the yuan bounced in volatile trade hours ahead of an IMF decision on whether to promote it to a basket of global reserve currencies.
Nov 30, 2015, 10:37 AM IST
IMF's yuan inclusion signals less risk taking in China
When the International Monetary Fund agrees on Monday to add the Chinese yuan to its reserves basket in the biggest shake-up in more than three decades, the IMF can afford itself a congratulatory nod.
Nov 30, 2015, 09:41 AM 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
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
China allows biggest corporate bond default yet
Communist leaders allowed China's biggest corporate bond default yet Thursday in a fresh sign of wrenching economic change as growth slows and Beijing gives market forces a bigger role in its financial system.
Nov 12, 2015, 23:04 PM IST
China issues new 100 yuan note to stop forgery of currency
China Thursday issued a new 100 yuan banknote - the largest denomination of the currency available in the world's second-largest economy - with added golden touches and more security features that will be harder to counterfeit and easier for machines to read.
Nov 12, 2015, 17:19 PM 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
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
China yuan overtakes yen in global payment rankings: SWIFT
China's yuan has overtaken the Japanese yen and moved into fourth place among the world's payments currencies, global transactions organisation SWIFT said today, as Beijing pushes greater international use of its currency.
Oct 06, 2015, 17:25 PM IST
China caps overseas cash withdrawals amid capital flight fears
China UnionPay -- which provides almost all the country's bank cards -- will limit annual withdrawals to 100,000 yuan (USD 16,000) each year, China National Radio (CNR) said.
Sep 29, 2015, 17:54 PM IST
Wal-Mart presses suppliers to share benefits of cheaper yuan
Wal-Mart Stores Inc is seeking price cuts from suppliers that produce goods in China, saying the retailer should share in the savings generated by China`s devaluation of the yuan, people with knowledge of the matter said.
Sep 24, 2015, 09:38 AM IST
China September flash factory PMI unexpectedly falls to 6-1/2 year low
Activity in China`s factory sector unexpectedly shrank to a 6-1/2 year low in September, a private survey showed, raising fears of a sharper slowdown in the world`s second-largest economy that could spell more turmoil for financial markets.
Sep 23, 2015, 08:14 AM IST
Impact of China slowdown bigger than expected: IMF chief
The impact of China's economic slowdown on the global economy is bigger than previously thought, the head of the International Monetary Fund said on Tuesday.
Sep 23, 2015, 00:44 AM IST
China seizes up to $157 bn of unspent local govt budgets: Sources
Angry Chinese authorities have seized up to 1 trillion yuan ($157 billion) from local governments who failed to spend their budget allocations, sources said, as Beijing seek ways to stimulate economic growth which is at its slowest for 25 years.
Sep 14, 2015, 18:15 PM IST
Govt keeping close watch on dumping: Sitharaman
The government is keeping a close watch on dumping in view of recent devaluation of Chinese currency, Commerce Minister Nirmala Sitharaman said Friday.
Sep 11, 2015, 22:31 PM IST
Yuan devaluation: Sensex fifth largest loser with 7.5% plunge
Global markets, including Indian, have been on a downward trend ever since the news of the slowdown in China took centre-stage.
Sep 11, 2015, 18:38 PM IST
China FX reserves fall record $93.9 bn in Aug as central bank supports yuan
A large portion of China`s reserves are held in U.S. Treasuries. Last week, traders suspected China of selling Treasuries.
Sep 07, 2015, 15:09 PM IST
