Last Updated: Saturday, August 22, 2015, 09:14
World stock markets tumbled on Friday and U.S. oil prices dove briefly below $40 a barrel sparked by fresh evidence of slowing growth in China, sending investors scurrying to the safety of bonds and gold.
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.
Last Updated: Thursday, August 20, 2015, 10:34
Reserve Bank Governor Raghuram Rajan on Thursday said there is a pick up in the economy and expressed hope that rural demand will get stronger if the monsoon improves.
Last Updated: Thursday, August 20, 2015, 10:00
China`s devaluation of the yuan exposes an undefended flank in the Bank of Japan`s efforts to jolt its flagging economy out of decades of deflation, which rely heavily on a solid pick-up in overseas demand.
Last Updated: Wednesday, August 19, 2015, 22:52
The IMF said Wednesday that it had extended by nine months the scheduled revision of its elite currencies basket, giving more time for adjustment to the potential inclusion of China`s yuan.
Last Updated: Wednesday, August 19, 2015, 19:37
The country remains a 'long way off' from a complete turnaround in the corporate investment cycle despite various positive economic indicators, says a report.
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.
Last Updated: Monday, August 17, 2015, 14:10
Export Promotion Council for Handicrafts (EPCH) said that Indian products would loose their competitiveness in the global market due to the devaluation of yuan.
Last Updated: Monday, August 17, 2015, 08:25
The daily reference rate was set at 6.3969 yuan to $1.0, slightly stronger than Friday`s 6.3975, the China Foreign Exchange Trade System said.
Last Updated: Sunday, August 16, 2015, 15:49
Mutual funds managing offshore money are fearing a large-scale investor exit in the event of a further depreciation in the rupee, which has been hit hard after a surprise devaluation of Chinese currency yuan last week.
Last Updated: Sunday, August 16, 2015, 13:37
Mehrishi pushed for RBI cutting interest rate to encourage manufacturing and boost exports, arguing risks are not much as inflation is low.
Last Updated: Saturday, August 15, 2015, 17:44
Gold staged a resounding comeback from its multi-year low during the holiday-shortened trading week as jewellery traders and retailers ramped up demand ahead of the peak festival season.
more videos >>
