Renminbi

IMF adds China's renminbi to list of elite reserve currencies

The International Monetary Fund added China's renminbi on Monday to the currencies that the crisis lender uses as a measure of value, alongside the dollar, euro, yen and pound sterling.

Why does Arvind Subramanian want India to outsource its monetary policy to the US?

Subramanian went on to suggest that it was time that India started to imitate China on the currency front.

2014 to be 'no easier' than 2013 for rupee, other Asian currencies: HSBC

The policy rate was hiked by 50bps between July 30 and September 20. Besides, RBI was quick to unveil a slew of measures, including import restrictions and swap windows for onshore oil importers, to ease USD demand.

China central bank suggests faster tempo for freeing currency mkts

The central bank under Zhou Xiaochuan has consistently flagged its intention to liberalise financial markets and allow the yuan to trade more freely, even before the Communist Party's top brass unveiled late last week the boldest set of economic and social reforms in nearly three decades.

China's yuan weakens against US dollar

In China's foreign exchange spot market, the yuan is allowed to rise or fall by 1 percent from the central parity rate each trading day

Don't look now, but Mao Zedong is sneaking into your wallet...

For all the chatter about the "inevitable" rise of the Chinese yuan to global reserve currency status, the reality of the structural weaknesses in China's own economy may mean that that transition may not be accomplished quite so easily.

9 things the market will take note of today

With the Chinese currency poised to appreciate at a faster pace, the global economy is bound to recover.

US Treasury says Chinese yuan undervalued, but stops short of terming it manipulation

The US Treasury said that China's yuan is still significantly undervalued, but it refrained from saying Beijing manipulates the currency, which could lead to retaliatory action by the Congress.

Renminbi needs to be convertible to become global currency: RBI

Subbarao said the China's policies must inspire trust and confidence.

Be afraid, very afraid, of what's happening in China...

For the past year, the 'China bear' trade has paid off handsomely. Now, say economy watchers, China's economy faces immense pressures, with no certainty about how it will all unravel.