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YUAN DEPRECIATION STRATEGY
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...- China's central bank asks state lenders to reduce dollar purchases, sources sayAmidst escalating trade tensions with the U.S., China's central bank is actively managing the yuan's value. The People's Bank of China (PBO...
- Weaker rupee to push India's import bill: GTRIThe depreciating rupee will elevate India's import bill due to higher costs for vital commodities and machinery. Despite conventional wisdo...
- 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...
- Yuan slides on report China considering weaker unitThe move triggered drops in regional peers, with the New Zealand dollar falling to the weakest in more than two years, while the Australian...
- China's yuan slides to 4-month low, state banks step inChina's yuan declined to a four-month low against the dollar on Friday, breaching a key threshold and prompting state-owned banks to step i...
- China ramps up yuan internationalisation under Belt and Road InitiativeChina is leveraging loans from its Belt and Road Initiative (BRI) to promote the yuan internationally and boost its share of global payment...
- Yuan ends domestic session at weakest since 2007 as outflow pressure buildsOn Friday, the central bank again looked to be shoring up the currency by setting guidance through its daily fixing that was stronger than ...
- Buoyant dollar on course for its longest weekly winning streak since 2014The onshore yuan, which touched its weakest level since 2007 on Thursday, has fallen nearly 6% against the dollar so far this year to becom...
- Yen weakens past key 145 per dollar level; yuan falls after China PMI dataThe yen weakened to below 145 per dollar, its lowest level in over seven months, amid concerns of potential intervention from Japanese auth...
- Yen weakens past key 145 per dollar level; yuan falls after China PMI dataThe yen weakened to its lowest level in over seven months, reaching 145 per dollar, raising speculation of possible intervention from Japan...
- POLL-Worst not over for EM currencies as U.S. dollar thunders onWhile the Reuters poll median for China's yuan suggests the currency would strengthen, Mitul Kotecha at TD Securities said there are growin...
- Leading banks still bullish on yuan despite policymakers' nudgeOver the weekend, the People's Bank of China (PBOC) scrapped a requirement for banks to hold a reserve of yuan forward contracts, removing ...
- Here's what could happen if the yuan slips to 7 a dollarYuan is down about 2.5 per cent in May, headed for its worst drop since July.
- Light PBOC touch makes once unlikely yuan at 7/$ seem possibleYuan has lost more than 2.5 per cent against the dollar since the festering China-US trade dispute.
- Trade war upsetting forex maths. And that's a big problem for RBIThe RBI would not want a repeat of a 2013-like situation when there was extreme pessimism.
- China's yuan manoeuvres could hurt India seriously: Mythili Bhusnurmath"If the rupee were genuinely strong, if it were reflecting underlying fundamentals, then I would not have a problem. But the rupee does not...
- After China market crash, yuan devaluation fears haunt marketThe Chinese share market collapsed 8 per cent after the manufacturing PMI showed a contraction, setting the tone for the rest of the year.
- 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.
- Levy of import duty on power equipment will hurt sector: APPPrivate power companies have requested the government to keep any proposed move in this regard in abeyance for the time being.
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