Yuan

Indian rupee at all-time low in 2024, RBI intervened to support

Rupee touches record low in 2024, but volatility stays low, says CareEdge Ratings

Rupee hits record low against dollar in 2024; explore how RBI interventions and stable oil prices maintain low volatility.

December 27, 2024 12:01 IST

Yuan, China economy, China’s currency, overseas trading, monetary policy, depreciation, exchange rates, policymakers

Yuan drops toward record low as China budges in fight with bears

China’s currency declined to about 7.36 per dollar in overseas trading, beyond the psychologically important level of 7.35 and close…

September 8, 2023 12:27 IST

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Yuan complicating RBI maths: Heading towards multipolar period in currency markets

We might be entering a multipolar period in the currency markets, where we need to worry not only about the…

July 31, 2023 06:00 IST

Pound plunges on lower UK CPI, dollar recovers from losses; traders eye ECB policy

The Pound plunged against the USD after inflation in the UK came in lower in June as compared to the…

July 24, 2023 12:58 IST

Carry Trades, a blessing in disguise or curse: Impact on Asia’s biggest economy’s currencies, Yuan, Yen

The US Fed is projected to hike the country’s key lending rate by 50 bps, which is projected to give…

July 11, 2023 13:31 IST

China’s Yuan replaces US Dollar as most traded currency in Russia

China’s yuan surpassed the US dollar in monthly trading volume in February for the first time, and the difference became…

April 4, 2023 13:21 IST

Bank of China reported approximately $13 billion (87.5 billion yuan) in transactions by January 2022

e-yuan transactions volume crosses $14B mark, says Bank of China

The report claims that more than 5.6 million merchant outlets already accept the digital yuan as legal money.

October 13, 2022 13:43 IST

Other central banks are looking at developing CBDCs to modernise their financial systems, ward off competition from cryptocurrencies such as bitcoin and speed up domestic and international payments.

China vows privacy, information protection in using digital yuan

China’s efforts are among the most advanced globally, and the country has been running various trials and pilot schemes of…

July 25, 2022 09:28 IST

China aims to cut steel glut, avoid race to devalue yuan: US

Jack Lew said today that China had agreed to try to wind down unprofitable “zombie enterprises” and to push ahead…

Updated: June 7, 2016 15:00 IST

China to continue market-based currency reform, promote yuan trading in US: Jack Lew

China committed during bilateral talks to continue “market-oriented exchange rate reform that allows for two-way flexibility” of its yuan currency,…

Updated: June 7, 2016 14:43 IST

China’s yuan eases as corporate dollar demand offsets suspected intervention

The yuan edged lower against the dollar on Tuesday, as companies bought the greenback hovering near four-week lows, offsetting suspected…

June 7, 2016 10:28 IST

China economy, Asian stock market, Federal reserve, HSBC, US economy

Yuan fixed at 5-year low versus US dollar: Janet Yellen’s comments weaken China’s currency

Chinese currency yuan weakened to hover around its end-January lows on Monday, after the central bank fixed the softest midpoint…

May 30, 2016 14:17 IST

Annual output of China’s satellite industry tops $30 bn

The annual output value of the Chinese satellite industry has exceeded 200 billion yuan (USD 30 billion), according to China’s…

May 27, 2016 13:41 IST

China’s yuan eases, market prices in Fed hike prospects

The yuan eased against the dollar to hover near its two-month trough on Wednesday, as companies rushed to buy the…

May 18, 2016 10:45 IST

China’s Yuan, Indian rupee forecast to weaken slightly over coming year

The outlook for major Asian currencies has stayed remarkably stable, according to a Reuters poll of strategists, despite the Japanese…

May 4, 2016 18:41 IST

China cuts yuan fix in biggest move since devaluation

China’s central bank today fixed the yuan currency nearly 0.60 per cent weaker against the US dollar, according to the…

May 4, 2016 16:47 IST

China’s yuan firms despite Moody’s cutting China outlook to ‘negative’

China’s yuan edged up against the dollar on Wednesday, shrugging off the decision by rating agency Moody’s to downgrade the…

March 2, 2016 10:59 IST

China floods financial system with $52 bn to boost liquidity

China’s central bank said today it was funnelling 340 billion yuan (USD 52 billion) into the financial system, the second…

January 28, 2016 13:13 IST

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Warren Buffett wakes up at 6.45 am, and his first go-to drink is not tea, coffee, or water

iPhone 17 launch sparks record demand

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Apple’s new iPhone 17 series has received a strong response with pre-bookings surpassing last year’s iPhone 16 launch. Analysts predict shipments of over 5 million units in the July-September quarter, with the iPhone 17 series contributing 15-20% of sales. The festive season and supply shortages have led to long queues and record sales in India.

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