US tells China at G20 to avoid 'competitive devaluation'

Last Updated: Friday, September 4, 2015, 23:53

US Treasury Secretary Jacob Lew on Friday told his Chinese counterpart at a G20 meeting in Ankara to avoid competitive devaluation and improve communication of Beijing`s economic policy.

India to take up currency devaluation issue at G20

Last Updated: Thursday, September 3, 2015, 18:41

Ahead of the meeting of G20 finance ministers and central bank governors in Turkey, India on Thursday said competitive devaluation of currency is a major threat to stability in the global economy.

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 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.

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.

Rupee crashes to nearly 2-year low, down 48 paise to 64.67

Last Updated: Wednesday, August 12, 2015, 10:22

Rupee remained on a downward trajectory due to appreciation of the dollar overseas after China devalued the yuan for the second straight day.

China's move to devalue currency could reverberate globally

Last Updated: Wednesday, August 12, 2015, 01:55

China's surprise move on Tuesday to devalue its currency has intensified concerns about the world's second-largest economy, whose growth has reached a six-year low.

China Premier says 7% growth hard to achieve, spurns devaluation

Last Updated: Thursday, April 16, 2015, 10:12

"It`s true that our economy is still under downward pressure," Li was quoted as saying in an interview with the Financial Times. "It won`t be easy to achieve another 7 percent growth this year."

Venezuela devalues currency

Last Updated: Saturday, February 9, 2013, 12:21

Venezuela is devaluing its currency by 31.7 percent, though the old exchange rate will be honoured for businesses and individuals with pending applications for dollars, Planning Minister Jorge Giordani said Friday.