Devaluation

Mumbai, Sep 5: The central bank's attempts to arrest the rupee's fall, strengthening of the dollar and a rise in global crude oil prices dipped India's foreign exchange (Forex) reserves by $3.43 billion to $351.92 billion in the week ended…

Beijing, Aug 31: The central parity rate of the Chinese currency renminbi, or the yuan, strengthened by 93 basis points to 6.3893 against the US dollar on Monday, according to the China Foreign Exchange Trading System. In China's spot…

Mumbai, Aug 20: Repeating his warnings about global markets being at risk of a crash due to competitive loose monetary policies adopted by rich nations, RBI Governor Raghuram Rajan on Thursday said the recent devaluation of the Chinese…