Renminbi

Is the dollar under pressure from trade fragmentation, renminbi’s gradual rise?

However, exchange-rate weakness alone does not determine reserve status; institutional depth, capital mobility and geopolitical alignment matter more

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

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.

Renminbi must be convertible to be global currency: RBI

China's Renminbi should be freely convertible and its rate be market determined if it aspires to become world's reserve currency, replacing the US dollar, Reserve Bank Governor D Subbarao said today.

RBI allows infra cos to raise funds in Yuan up to $1bn

The Reserve Bank today allowed infrastructure companies to raise funds in Chinese currency Yuan up to USD 1 billion to fund infrastructure development in the country, which requires investment to the tune of USD 1 trillion in next 5 years.

Govt allows companies to raise $1 bn of ECBs in Yuan

In significant policy shift, the government today decided to allow corporates to raise external commercial borrowings (ECBs) in Yuan (Renminbi) equivalent to USD 1 billion, a move that will help companies trading with China.