Long way to go for India to become global growth engine: Rajan

Last Updated: Wednesday, August 26, 2015, 12:51

RBI Governor Raghuram Rajan has said it will be "a long time" before India can replace China as a growth engine for the global economy, even if it grows at a faster rate.

'When China sneezes, the world could catch a cold'

Last Updated: Wednesday, August 26, 2015, 11:25

When China sneezes, the world could catch a cold, said a commentary in China`s Xinhua news agency which added that the global economy is closely tied to Chinese performance.

RBI chief Raghuram Rajan says not in favour of depreciating rupee: Report

Last Updated: Wednesday, August 26, 2015, 10:13

India has seen hefty flows from foreign investors, who have bought shares worth USD 5.8 billion and debt worth USD 8 billion so far in 2015.

Currency volatility: How it will affect global growth

Last Updated: Wednesday, August 26, 2015, 09:33

Faced with falling exports and deflation risks, it suited much of Asia to let their currencies drift lower, until China`s abrupt devaluation triggered a tide of volatility that is upsetting not just their currency management but also their growth strategies.

Currency devaluation raises question on China's strength: Rajan

Last Updated: Thursday, August 20, 2015, 12:46

Terming devaluation of currencies as a "worrisome trend", RBI Governor Raghuram Rajan on Thursday said China's move to devalue its currency and to protect its stock markets raise questions about the 'true strength' of the world's second largest economy.

Chinese yuan strengthens

Last Updated: Tuesday, August 18, 2015, 08:24

In China`s spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.

Yuan devaluation to have temporary impact on rupee: CEA

Last Updated: Friday, August 14, 2015, 21:34

The Finance Ministry on Friday said the devaluation of Chinese currency will only have a temporary impact on the rupee as India has adequate foreign exchange reserves.

Rupee plunges to new 2-year low, weakens past 65 Vs USD on yuan woes

Last Updated: Thursday, August 13, 2015, 19:03

The rupee has dropped by 136 paise or 2.13 percent in the last seven trading sessions as the Chinese central bank's continued effort to guide the yuan lower.

Rupee may weaken further on China currency depreciation: Citi

Last Updated: Thursday, August 13, 2015, 15:54

India seems to be less vulnerable to China's currency depreciation through direct channels, but the rupee may still weaken, says a Citigroup report.

Why Indian Rupee has plunged to 2-year low

Last Updated: Wednesday, August 12, 2015, 14:51

key reasons of rupee's depreciation

World economies must take note of yuan devaluation: CEA

Last Updated: Wednesday, August 12, 2015, 13:14

World economies, including India, will have to take note of Chinese currency devaluation designed to avert slowdown in its economy and exports, Chief Economic Advisor Arvind Subramanian said Wednesday.

China to issue new 100 yuan note with more security features

Last Updated: Monday, August 10, 2015, 11:36

China's central bank, the People's Bank of China (PBOC), Monday said it will start issuing a new 100-yuan bank note from November 12 that will be harder to counterfeit and easier for machines to read.