Devaluation

China devalues Yuan again sparking fears of Asian currency war

Faced with sluggish economic growth and dwindling exports, China on Wednesday devalued its currency for the second consecutive day, sending fresh shockwaves through global markets and fuelling fears of a currency war as jittery Asian neighbours came under pressure to devalue as well.

USD at Rs 60? Why govt should let the rupee fall

The government would be making a serious mistake by either artificially inflating capital inflows or intervening in the markets to prop the rupee