Global Market: Oil crisis and strong dollar intensify pressure on Asian currenciesAsian economies face a global energy shock. Policymakers are enacting emergency measures as currencies weaken and fuel costs surge. India u...
22 May, 2026, 09.53 AM IST
BYD car discounts show China’s EV price war is getting worseChina's car market faces fierce price competition. BYD and rivals are increasing discounts despite government calls to stop. This intense r...
24 Apr, 2026, 12.01 PM IST
India's digital currency push targets its leaky welfare systemWhile India's early efforts are modest compared with those of China, where more than 200 million people use the e-yuan, the world's most po...
23 Apr, 2026, 10.48 AM IST
India's digital currency push targets its leaky welfare systemIndia is piloting its digital rupee, the e-rupee, for welfare payments. This initiative aims to improve efficiency and reduce corruption in...
23 Apr, 2026, 09.29 AM IST
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, ...
19 Apr, 2026, 06.29 AM IST
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...
19 Apr, 2026, 06.00 AM IST
Indian refiners pay for Iran oil in yuan via ICICI Bank, sources sayIndian refiners are making payments for Iranian oil using Chinese yuan. This is happening through ICICI Bank's Shanghai office. Indian Oil ...
17 Apr, 2026, 02.15 PM IST
Don't slip up on oil payment imbalanceTo address the trade imbalance from India's Ural crude purchases, they consider local currency, yuan, and cross-border investments. Western...
09 Jul, 2024, 10.30 PM IST
India pushes back against Russia demands to pay for oil in yuanSome Russian oil suppliers are demanding payment in yuan, according to a senior Indian official directly involved in the negotiations and a...
20 Oct, 2023, 08.45 AM IST
As India frowns on paying for Russian oil with yuan, some payments held up, sources sayThe Indian government's reluctance to allow state-controlled refiners to pay for Russian oil imports with Chinese currency has caused delay...
16 Oct, 2023, 02.00 PM IST
Why Modi government is internationalising Chinese Yuan by paying for Russian oil imports in it, asks CongressSpeaking at a press conference here, Congress spokesperson Gourav Vallabh said India is importing 42 per cent of its total oil requirement ...
10 Jul, 2023, 09.06 PM IST
Some Indian refiners paying Russian oil suppliers in YuanSome Indian refiners, including a private refiner, have paid for some Russian oil imports in Chinese currency Yuan following such demands f...
08 Jul, 2023, 12.35 AM IST
India refiners start yuan payments for Russian oil imports: SourcesIndian refiners are beginning to use the Chinese yuan to pay for oil imports from Russia, as Western sanctions against Moscow make it diffi...
03 Jul, 2023, 03.32 PM IST
How an Indian cement maker bought Russian coal using Chinese moneyThere is no suggestion that the purchase, the particulars of which have not previously been reported, in any way breaches sanctions imposed...
08 Jul, 2022, 11.26 AM IST
India's top cement maker UltraTech paying for Russian coal in Chinese yuanUltraTech is bringing in 157,000 tonnes of coal from Russian producer SUEK that loaded on the bulk carrier MV Mangas from the Russian Far E...
30 Jun, 2022, 12.11 PM IST
Rupee may stay stable in rest of FY16 on strong macros: Ind-RaIndia Ratings and Research expects the rupee to trade in the range of 64.50-66.25 for the remainder of 2015-16.
15 Oct, 2015, 02.41 PM IST
- Rupee-yuan trade platform sans dollar-peg sought
Bankers are suggesting a simpler and less expensive mechanism that would bypass the dollar and allow trade payments in local currencies.
14 Oct, 2010, 06.20 AM IST