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YUAN DEPRECIATION
Gift Nifty hints at muted start for D-Street; key trading cues for todayIndian benchmark indices experienced a sharp sell-off on June 8, influenced by global market weakness, escalating geopolitical tensions, an...
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, ...
Cabinet clears Rs 12,980 crore maritime insurance pool to cut costsIndia is launching the Bharat Maritime Insurance Pool, backed by a substantial sovereign guarantee of over ₹12,980 crore. This strategic in...
Biggest currency clampdown in decade risks backfiring for IndiaIndia's Reserve Bank of India has intervened to support the rupee, forcing local banks to unwind bearish bets. This move, while strengtheni...
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...
Chinese authorities are considering a weaker yuan as Trump trade risks loom, sources sayChinese policymakers are reportedly considering a yuan devaluation in 2025 to counter potential higher U.S. tariffs under a second Trump pr...
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 ...
China's state banks seen selling dollars for yuan in London and New York hoursChina's major state-owned banks were seen busy selling U.S. dollars to buy yuan in both onshore and offshore spot foreign exchange markets ...
China’s currency calm won't hold off the impending stormA depreciation of the target rate that is too aggressive risks destabilizing the offshore market which, in turn, pulls down the onshore rat...
Rupee can depreciate further, can touch 73.09 in 1-2 months: Bhaskar Panda, HDFC BankYou cannot stand alone in a market where your peers or competitors are depreciating.
Yuan depreciation to make investors more wary of EM equitiesThe correlation between the MSCI EM index and China’s yuan reached a negative 0.66.
China, Japan defy textbook theories as falling currencies fail to lift exportsThat tepid demand means factories are yet to get a sustained shot in the arm from a currency that’s weakened 9 per cent against the dollar ...
Sinking yuan may drag down banksInvestors have good reason to worry as debt continues to explode and money keeps flowing out of the country.
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...
Expect IT stocks to see consistent rally: Vinay KhattarOver the next six-eight months, even if yuan depreciates by another 3-4%, it will not have too much of an impact on domestic exporters, say...
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 data
The yuan was little changed against the dollar in the spot market on Wednesday.