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CHINA FOREX NEWS
Stuck in acres of mediocre: External shocks expose India's slide into middle-income stagnationIndia's economy is experiencing a slowdown. High growth and low inflation mask underlying issues of weak demand and poor productivity. This...- GIFT Nifty rises 100 points, hints at positive start; key trading cues for todayIndian markets closed higher on Tuesday, boosted by banking and financial stocks. The Reserve Bank of India's new forex swap facility eased...
- 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...
- Global Market Today: Oil jumps, stocks wobble as Mideast ceasefire hangs in the balanceMiddle East tensions sent oil prices soaring and stock markets wavering as shipping through the Strait of Hormuz slowed to a crawl. Despite...
- Meet Garret Jin: The mysterious trader who made millions shorting Bitcoin before the crashBitcoin short position profit: A major crypto trader reportedly made millions by placing a $735 million Bitcoin short position just before ...
- How China talked markets out of a run on the yuanThis year, as China's economy wobbled and money left the country, the PBOC took a starkly different approach, defending the currency by sig...
- State Bank of Pakistan's forex reserves reach $4.34 billion, Islamabad left with three weeks of import coverIn addition, remittances in July-December 2022 period were recorded at USD 14.1 billion, which is USD 1.7 billion less than in the same per...
- Rising forex reserves a morale booster, should be used wisely: Anand MahindraIn a tweet commenting on an article that stated that India's forex kitty is closing in on USD 500 billion and the current reserves of USD 4...
- Rupee settles 5 paise lower at 75.76 against US dollarDuring the session, the local unit witnessed an intra-day high of 75.69 and a low of 75.90.
- Rupee opens 5 paise down at 71.32 against dollar"USDINR pair is expected to quote in the range of 71.20 and 71.80,” said Motilal Oswal Financial Services.
- Rupee skids 19 paise amid fresh trade concernsInvestors also played their bets cautiously in view of India's rating outlook cut by Moody's investors Services last week.
- China's forex reserves climbs to USD 3.1 trillionIn January, the forex reserves plunged below USD 3 trillion, but as the economy stands on a firmer footing and the yuan continues to stabil...
- China's forex reserves rise for third month in a rowForex reserves climbed to $ 3.0295 trillion at the end of April from $ 3.0091 trillion a month earlier, according to data released the Peop...
- Rise in China's forex reserves is bad news for global realtyThe PBoC found itself with $6.9 billion more than the month before, a 0.25% increase.
- China drains more money from market to check debt riskChina's monetary policy will be prudent and neutral in 2017, which will help prevent a rapid rise in debt levels, Ma Jun of People's Bank o...
- China's ambitions to globalise yuan hit by currency fallThe November figure is the largest monthly drop since January this year, and it brings China's foreign exchange reserves to the lowest leve...
- 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...
- China's foreign exchange reserves fall to $3.65 trillion at end-JulyChina's forex reserves, highest in the world fell to $3.6513 trillion, decreasing by $42. 5 billion last month amid concerns over capital o...
- China's forex reserves zoom to $ 2.64 trillionChina's foreign exchange reserves swelled to a whopping $ 2.64 trillion at the end of September, but trade surplus fell to five month low t...
- China increases reserve requirement ratio for banksChina on Thursday raised the proportion of funds banks must hold in reserve with the central bank to a record high of 15 per cent.
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