China's long march to currency reform takes a step forward

Last Updated: Friday, August 14, 2015, 23:51

China's currency devaluation is a step in the long march to a more open regime for the yuan, analysts say, but authorities will need to further loosen their controls to promote long-term growth.

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.

Gold price today: Latest updates

Last Updated: Thursday, August 13, 2015, 19:49

Gold prices fell by Rs 135 to Rs 25,879 per 10 grams in futures trade Thursday amid a weak trend overseas and profit-booking by speculators.

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.

Malaysian economy grows at slowest pace in nearly two years

Last Updated: Thursday, August 13, 2015, 13:00

Malaysia`s economy grew at its slowest pace in nearly two years in the second quarter, the government said Thursday, the latest negative sign for policy-makers faced with a plummeting currency and political turmoil.

Rupee hits 23-month low, falls past 65 against US dollar

Last Updated: Thursday, August 13, 2015, 12:26

The rupee fell past 65 against the American currency and was quoting lower by 22 paise at 65 per dollar Thursday on fresh dollar demand from banks and importers.

China cuts yuan rate for 3rd straight day by more than 1%

Last Updated: Thursday, August 13, 2015, 11:12

China cut the reference rate for its currency for the third straight day on Thursday, authorities said, after their surprise devaluation of the yuan this week unsettled global financial markets.

China yuan devaluation rattles India Inc; cheap imports may rise

Last Updated: Wednesday, August 12, 2015, 22:39

With China's move to devalue its currency, engineering and textile exports from India are expected to take a major hit with Chinese goods becoming more competitive.

Nifty tanks 113 points on weak global cues

Last Updated: Wednesday, August 12, 2015, 20:29

The benchmark Nifty tanked 112.90 points to end below the crucial 8,400-level Wednesday, mainly dragged down by selling in realty, metals, energy, banking and financials space reacting to weak global cues after China devalued its currency yesterday.

Yuan devaluation is challenge; but India can overcome: SBI chief

Last Updated: Wednesday, August 12, 2015, 20:06

State-run SBI chief Arundhati Bhattacharya Wednesday said Chinese currency Yuan devaluation is a challenge and expressed hope that India has potential to overcome this challenge.

Rupee tumbles 59 paise to near 2-year low of 64.78 against USD

Last Updated: Wednesday, August 12, 2015, 18:07

Declining for the sixth consecutive session, the rupee tumbled by 59 paise to nearly 2-year low at 64.78 against the US dollar Wednesday on sustained demand for the American currency from banks and importers on the back of firm greenback overseas following yuan devaluation.