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Yuan

Indian rupee is worst Asian currency in U-turn as yuan carry trades unwind

A surge in the Japanese yen has upended carry trades with the effect rippling as far as the Mexican currency and technology stocks in the United States.
05 August 2024, 09:40 IST
Indian rupee is worst Asian currency in U-turn as yuan carry trades unwind
Indian rupee is worst Asian currency in U-turn as yuan carry trades unwind

Indian rupee is worst Asian currency in U-turn as yuan carry trades unwind

05 August 2024, 09:40 IST

Chinese bank pieces 32,000 yuan to help kin of deceased 'mentally ill' woman who tore notes into 100,000 pieces: Report

Zhang said that the bank staff who were assigned the task to piece back the currency notes used magnifiers to identify the broken pieces, and this took 22 days of taxing work.
30 July 2024, 11:08 IST
Chinese bank pieces 32,000 yuan to help kin of deceased 'mentally ill' woman who tore notes into 100,000 pieces: Report
Chinese bank pieces 32,000 yuan to help kin of deceased 'mentally ill' woman who tore notes into 100,000 pieces: Report

Chinese bank pieces 32,000 yuan to help kin of deceased 'mentally ill' woman who tore notes into 100,000 pieces: Report

30 July 2024, 11:08 IST

China to introduce some interbank Macanese Pataca FX trading in January

China said spot trading of the yuan against the Macanese Pataca (MOP) will be allowed to fluctuate within a range of 3% above or below the daily yuan midpoint against the MOP.
20 December 2023, 10:29 IST
China to introduce some interbank Macanese Pataca FX trading in January
China to introduce some interbank Macanese Pataca FX trading in January

China to introduce some interbank Macanese Pataca FX trading in January

20 December 2023, 10:29 IST

The Yuan is finally showing some muscle in international trade

Besides, the world’s attention is fixated on China’s wobbly domestic growth. The yuan as a vehicle for the nation’s geopolitical ambitions is getting sidelined, much like the tapering enthusiasm for President Xi Jinping’s $1 trillion Belt and Road project.
08 December 2023, 08:39 IST
The Yuan is finally showing some muscle in international trade
The Yuan is finally showing some muscle in international trade

The Yuan is finally showing some muscle in international trade

08 December 2023, 08:39 IST

As India frowns on paying for Russian oil with yuan, some payments held up, sources say

The tussle over payment has not disrupted deliveries so far, with Russian firms such as Rosneft continuing to supply state-controlled Indian refiners, who are seeking alternative ways for settlement.
16 October 2023, 09:40 IST
As India frowns on paying for Russian oil with yuan, some payments held up, sources say
As India frowns on paying for Russian oil with yuan, some payments held up, sources say

As India frowns on paying for Russian oil with yuan, some payments held up, sources say

16 October 2023, 09:40 IST

China's central bank to scrutinise bulk dollar purchases

The central bank has warned some lenders of their huge dollar purchases on behalf of their corporate clients, according one of the other sources.
11 September 2023, 09:52 IST
China's central bank to scrutinise bulk dollar purchases
China's central bank to scrutinise bulk dollar purchases

China's central bank to scrutinise bulk dollar purchases

11 September 2023, 09:52 IST

China steps up yuan defence with bond limit guidance

The directive, issued this week, is for banks to restrict southbound purchases under the Bond Connect scheme, and is aimed at limiting the supply of yuan offshore.
25 August 2023, 06:51 IST
China steps up yuan defence with bond limit guidance
China steps up yuan defence with bond limit guidance

China steps up yuan defence with bond limit guidance

25 August 2023, 06:51 IST

Rupee must catch up with Yuan before replacing $

It is a fact that it would take years for the rupee to replace the dollar, or, to be fair, to catch up with the dollar’s prominence.
13 August 2023, 22:17 IST
Rupee must catch up with Yuan before replacing $
Rupee must catch up with Yuan before replacing $

Rupee must catch up with Yuan before replacing $

13 August 2023, 22:17 IST

Indian refiners making yuan payments for Russian oil

The rise in yuan payments has boosted Beijing's efforts to internationalise its currency, with Chinese banks promoting its use specifically for Russian oil trade.
03 July 2023, 11:13 IST
Indian refiners start making yuan payments for Russian oil imports in boost to Beijing
Indian refiners start making yuan payments for Russian oil imports in boost to Beijing

Indian refiners making yuan payments for Russian oil

03 July 2023, 11:13 IST

Russian rouble steadies near 84 against dollar

The rouble weakened around 2% against the dollar last week, blighted by volatile swings in a low liquidity market.
20 June 2023, 13:23 IST
Russian rouble steadies near 84 against dollar
Russian rouble steadies near 84 against dollar

Russian rouble steadies near 84 against dollar

20 June 2023, 13:23 IST