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RENMINBI APPRECIATION
Global Market: China's yuan holds near 3-year high despite strong dollar; PBOC fixing supports currencyChina’s yuan remained near a three-year high against the dollar, supported by central bank guidance and strong foreign exchange settlement....- 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.
- Rupee appreciation may take imports from China to over $61 billionThe rupee has appreciated by 3.7 per cent against the Chinese Renminbi since February.
- Credibility of Chinese authorities weakening; policymakers need to communicate effectively: Ben LukWhat we are also seeing is that the renminbi, after the last five days of volatility, has been relatively flat against the dollar, says Luk
- Only one major currency has strengthened against the dollar in the last four yearsThe Chinese renminbi is pretty much the only major economy with a currency that has appreciated against the dollar over this period.
- World sheds reserve over growing role of China's yuanChina's yuan will one day compete for a place alongside the mighty dollar as a reserve currency hoarded by central banks, say analysts.
- Wider yuan trading limit for creating more stable environment: ChinaChina said its move to widen the daily trading limit of its currency against US dollar is aimed at breaking one-way expectation of the yuan...
- Permitting Indians to borrow yuans is welcomeBy permitting Indian entities to borrow up to $1 billion in Chinese renminbi, the government only acknowledges an inevitability.
- Rise of Asian currencies will significantly impact equity portfolios: CLSAIn an interview with ET Now, Amar Gill, Head of Research-Special Projects, CLSA, shares his views on how the rise of Asian currencies will ...
- Talks, not confrontation, will solve currency crisis: PranabWorld Bank president Robert Zoellick, meanwhile, cautioned that the ongoing tension over currency could lead to trouble if not properly man...
- Strong Yuan good for India's trade with China: FICCI surveyRise in Yuan against dollar could help India partially bridge its $ 20 bn trade gap with China.
- IMF welcomes a flexible Yuan but says more is neededInternational Monetary Fund on Monday welcomed China's decision to make Renmibi, popularly known as Yuan, more flexible, but said more was ...
- ET in the classroom: China's yuan moveA more flexible yuan caused markets to rally sharply. But doubts over the speed of changes and lack of details have made investors cautious...
- Renminbi appreciation won't benefit India: Lewis WanIn an exclusive interview with ET Now, Lewis Wan, Chief Investment Officer, The Pride Group, talks about prospects of Indian and Chinese eq...
- After hinting at change in yuan policy, China rules out big riseChina's central bank said it would maintain a stable exchange rate and didn’t anticipate major changes in the value of the yuan, a day afte...
- China hits back at US pressure on yuanChina's Foreign Ministry on Monday hit back at fresh calls by the United States for Beijing to let the yuan currency rise in value, saying ...
- India should say no to US in campaign against YuanIndia should not join US against an undervalued renminbi since any loss to the country's export market is due to our own policies.
- India errs by lending its voice to calls for a stronger Chinese yuanFor some time now, the US Congress and some Washington think tanks have aggressively sought to turn the bilateral exchange rate issue betwe...
- Hu’s visit signals China may let the yuan riseThe announcement by Chinese authorities on Thursday that President Hu Jintao will be visiting Washington in two weeks is being seen as the ...
- India, China to lead Asian eco growth: CitigroupIndia and China should be able to sustain at least 8 per cent economic growth in the coming decade as they have robust fundamentals and are...
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