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CHINESE YUAN DEPRECIATION
Goldman Sachs upgrades India's growth outlook after US-Iran peace dealGoldman Sachs has raised India's 2026 real GDP growth forecast to 6.8% from 6.5%, citing lower oil prices, easing supply disruptions and re...- Yuan or Dollar? Indian businesses explore alternatives as import costs climbIndian businesses, particularly MSMEs, are hesitant to adopt yuan-denominated settlements despite a weakening rupee. They prioritise locali...
- Not just US dollar, Indian rupee has tanked up to 25% across 9 major currencies in 1 yearThe Indian rupee has seen a significant decline against most global currencies, not just the US dollar. This broad-based weakness is driven...
- Rupee depreciation forces Indian firms to adopt Yuan payments, boost local sourcingIndian businesses are actively seeking ways to counter the weakening rupee. Companies are now making payments for Chinese imports in yuan, ...
- China's yuan hits 16-month low despite firmer guidanceChina's yuan hit a 16-month low against the dollar, pressured by trade concerns, falling yields, and a strong dollar. Despite efforts by th...
- China is considering softer currencyReuters reported that China is considering weakening the yuan in anticipation of higher trade tariffs under a potential second Trump presid...
- What is the Chinese yuan carry trade and how is it different from the yen's?A global sell-off in markets due to unwinding yen-funded carry trades has put China's yuan in the spotlight. Despite a 2% rise against the ...
- Chinese property giants hit hard with nearly USD 3 billion in forex lossesChina's leading real estate firms have reported nearly $3 billion in foreign exchange losses for the first half of the year, mainly due to ...
- Navigating yuan’s weakness in India-China tradeThe relationship between India and China has been progressing economically, despite tensions over border issues. However, the Chinese yuan ...
- View: Rupee is following in the footsteps of yuanOn the upside, target of 73.50 continues to hold which is 123.6 per cent retracement.
- View: Strong dollar, weak yuan to weigh on rupeeStrong dollar and weak Chinese yuan is a deadly potent for the domestic currency.
- Risk factor: Yuan at new 5.5-year low in reminder of August 2015; pray PBoC is not at itPost Brexit, as the dollar index gained 2.32%, the renminbi has fallen 1.4% to the dollar, hitting a five-year low of 6.66 from 6.39 on Aug...
- Rupee trades lower against US dollarThe rupee depreciated by 4 paise to 66.86 against the US dollar in early trade on Thursday after the Chinese central bank, PBoC.
- China welcomes yuan inclusion as reserve currency in SDR basketChina welcomed the IMF's decision to include yuan as its fifth reserve currency but dismissed concerns over depreciation amid economic slow...
- Big drop in China's forex due to normal market operation: Central bankChina's forex reserves fell for a fourth straight month to $3.56 trillion at the end of August, the People's Bank of China (PBOC), announce...
- See scope for 2-3% further depreciation in yuan: Neeraj Gambhir, Nomura Capital IndiaOur guess is that yuan needs to move somewhere close to 6 per cent overall. We have already seen about 3 to 4 per cent of that.
- RBI Governor Raghuram Rajan hints at contemplating policy to weaken rupee if yuan falls furtherRaghuram Rajan warns of a scenario in which central banks would seek to rival each other, damaging the global financial system.
- Rupee may weaken further on China currency depreciation: CitigroupIndia seems to be less vulnerable to China's currency depreciation through direct channels, but the rupee may still weaken, says a Citigrou...
- Yuan depreciation may augur bad news for Indian exportsIndian exports of textiles, engineering and capital goods may suffer bady if the Chinese currency continues to depreciate, experts warn.
- China yuan steady in spot, rises in NDFs on dataThe yuan was little changed against the dollar in the spot market on Wednesday.
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