Renminbi

Does converting yuan into gold pose a threat to the dollar?

A thriving foreign exchange market facilitates speculation in the dollar and adds to its hegemony

Why the renminbi won’t take down the dollar

As the world gradually splits into blocs led by the US and China, there are expectations that the renminbi will start to challenge the dollar’s position as the world’s reserve currency. These expectations may be proven wrong, economists say.

Will China’s digital currency end US Dollar dominance?

Were the world to decide to shift their dollar reserves to any other currencies, the country likely to benefit most in terms of production of real output would be the US on account of a depreciating dollar

China is confident of keeping yuan basically stable: FX regulator

Pan Gongsheng, head of the State Administration of Foreign Exchange, said at a financial forum in Shanghai on June 13 that the country's FX market is largely stable with FX reserves steadily rising.

Strong US jobs, earnings data to strengthen dollar: Jane Foley

Donald Trump's calling China a currency manipulator has pushed down the dollar, said Jane Foley of RaboBank International. The currency saw weakness after the Renminbi turned around overnight against the US dollar.

Barclays sees pause in Fed rate hikes in first half of next year

Speaking to CNBC-TV18 Mitul Kotecha, Head of Fx Strategy, Asia Pacific at Barclays said that risks are skewed towards a higher dollar.

This is where China's outflows went

China's rush of capital outflows may not be a huge red flag, if you look at where the funds flowed. Bank for International Settlements (BIS), suggests a big chunk may have gone toward unwinding a once-faddish investment: Buying yuan, also known as the renminbi.

Like India on falling inflation; prefer DMs over EMs: JPM AMC

Falling inflation has not only made India a favourable investment destination but will also give RBI room to cut interest rates, says Ben Luk, Global Market Strategist, JP Morgan Asset Management.

Rupee opens at fresh 2-year low at 67.09 per dollar

The day should see a range of 66.80-67.30/dollar, says Agam Gupta of StanChart Bank.

IMF gives China's currency prized reserve asset status

To meet the IMF‘s criteria, Beijing has undertaken a flurry of reforms in recent months, including better access for foreigners to Chinese currency markets, more frequent debt issuance and expanded yuan trading hours.

Drop in China's forex due to normal market operation: PBOC

Playing down the significance of a record drop of USD 93.9 billion in China's foreign exchange reserves last month, the Chinese central bank today said it was due to "normal" market operations and dropping prices of major financial assets on the global market.

China FX reserves fall $94bn as it moves to calm yuan, stks

China's foreign exchange reserves posted their biggest monthly fall on record in August, reflecting Beijing's attempts to halt a slide in the yuan and stabilise financial markets following its surprise move to devalue the currency last month.

All eyes will be focused on China: George Hoguet

In an interview to CNBC-TV18, George Hoguet, Global Investor Strategist at State Street Global Advisors spoke about the collapse that we have seen across global assets.

NDB's first loan will be in Chinese currency: Kamath

The first loan to be issued by the USD 100 billion New Development Bank (NDB) of the five-nation BRICS bloc in April next year would in Chinese currency Renminbi (RMB), its President K V Kamath has said

China yuan breaks into world top 5 payment currency: SWIFT

The rise of various offshore yuan clearing centres around the world, including eight new agreements signed with the People's Bank of China last year, was an important driver fuelling this growth

Prefer US equities; see euro, yen weakening: George Magnus

In Japan, the government policies don't seem to be working the way they intended them to and the fiscal stimulus announced by Bank of Japan is likely to put pressure on the central bank to print more money, feels UBS economist, George Magnus.

RBI extends refinancing Re loans by telecom cos to Mar'14

The payment for spectrum allocation may initially be met out of the rupee resources by successful bidders, to be refinanced with a long-term ECB is subject to the condition that ECB should be raised within 12 months from the date of payment of the final installment to the government.

RBI suspends external borrowings in Chinese Yuan

The Reserve Bank of India (RBI) on Tuesday discontinued the facility of external commercial borrowings (ECBs) in renminbi, the Chinese currency. Indian companies in the infrastructure sector were allowed to avail this fund raising route subject to a maximum of cap of USD one billion.

China says has been pressing on with yuan reform

The Chinese government has been pressing ahead with reforms to the country's currency regime, vice foreign minister Cui Tiankai said on Wednesday.

China will grow at 8.5%, no monetary easing this year: HSBC

CNBC-TV18 asked Arjuna Mahendran, managing director and head of investments strategy (Asia) at HSBC Private Bank for his remarks on the situation in China. Checkout his comments.

Mkt getting ahead of itself with optimism: Jonathan Barratt

Jonathan Barratt Commodity Broking Services sees a lot of optimism in the markets especially in the base metals space. He feels that market might get ahead of itself with this optimism. He expects to see rise in metal prices on the back of European Union's financial plan, however, he is doubts if they will sustain.