Chinese Currency

Demand for dollars in the Chinese foreign exchange market typically rises at the end of a year and that has kept the Chinese currency weak this week.

Amity in association with Bombay Stock Exchange (BSE) Institute Limited, Mumbai Launches Online Programmes in Global Financial Markets

It was a momentous occasion when Amity University, reckoned for its progressive approach, signed a MoU with Bombay Stock Exchange (BSE) Institute ...

Steel to cost Rs 500/tn more if rupee weakens: Uttam Galva

In an interview with CNBC-TV18, Ankit Miglani, Deputy MD of Uttam Galva says the growth in demand will decide steel prices and not the price of steel imports.

Devaluation of Chinese currency may hurt domestic ind: DIPP

A monthly newsletter of the DIPP said that loss in currency competitiveness against Yuan will hurt already ailing exports from India to China by making them costlier.

Gold rallies on good offtake, silver slips

While, silver slipped on speculative profit-booking after its recent rally amid reduced industrial buying. Standard gold (99.5 purity) climbed by Rs 110 to close at Rs 25,840 per 10 grams from last Friday's closing level of Rs 25,730.

Devaluation of yuan to impact handicraft export: EPCH

Export Promotion Council for Handicrafts (EPCH) said that Indian products would loose their competitiveness in the global market due to the devaluation of yuan. "Indian products will now face problem in global markets.

Yuan as global currency? Many firms don't see benefits

A survey by HSBC f 700 businesses worldwide shows that firms are still apprehensive to use Yuan, the Chinese currency. Analysts believe that it may be due to the lack of education and lack of understanding to use those benefits.

China says will 'strengthen' yuan's trading flexibility

China will make the yuan more flexible in either direction and recent reforms to make the currency more market-oriented have begun to achieve some results, Premier Wen Jiabao said on Saturday.

After 7 years, government hikes ECB limit to USD 750

Here's something that will cheer India Inc. Siddharth Zarabi of CNBC-TV18 reports that the government has hiked external commercial borrowing (ECB) limits for the service sector and for borrowing under the automatic route.

China keeps world guessing on yuan plan

Figuring out what the People's Bank of China is doing can be as perplexing as parsing a statement from Alan Greenspan, the notoriously opaque former US Federal Reserve chairman.

CME offers new yuan futures contracts from Aug 22

Global futures and option contracts bourse CME Group today said it will launch a second Yuan/Renminbi (CNY) foreign exchange contract from August 22.

Spanish downgrade leaves global markets with knocking knees

Christopher Palmer of Gartmore Investment Management tells CNBC-TV18 that global markets have priced in Moody's downgrade of Spain. "It hasn't really surprised bond markets," he says.