Recent Highlights
All Stories for Yuan
Dollar fast losing dominance as global reserve currency as rupee, yuan rise
Umang Sharma • 2 years agoDollar’s share of global reserves has declined by 11 per cent since 2016 on this adjusted basis, a report by Eurizon SLJ Asset Management said
De-dollarisation: Bangladesh ditches dollar, to pay Russia in Chinese yuan for nuclear plant
Umang Sharma • 2 years agoAfter the West imposed sanctions on Russia, Bangladesh was looking out for ways to settle $110 million for the Rooppur power plant which is under construction in the South Asian country
North Korea begins confiscating dollars and yuan after declaring foreign currency illegal in local transactions
Fp Staff • 2 years agoAccording to reports, residents have been ordered to exchange their foreign currency for the domestic won, but they prefer Chinese and U.S. currency because it is considered to be more stable.
Dollar Dumped: How the first China-UAE gas deal in yuan is a big blow to US
Fp Explainers • 2 years agoAround 65,000 tonnes of LNG imported from the UAE was exchanged for yuan in the trade between China’s national oil company CNOOC and France's TotalEnergies. Some say countries like UAE are reacting to a global power imbalance, but others question whether this will be replicated on a larger scale
Can Chinese yuan drub US dollar to become the most dominant currency?
Fp Explainers • 2 years agoThe Chinese yuan has left the US dollar behind to emerge as the most-traded currency in Russia. Malaysia and Beijing are ready to hold talks to reduce reliance on the greenback. But, can the Chinese currency end the global dominance of the US dollar?
US dollar fast losing out to the Chinese yuan, says 'Doctor Doom' Nouriel Roubini
Umang Sharma • 2 years agoNouriel Roubini said even though there is no currency yet which is capable of knocking the US dollar off its pedestal, but the greenback is rapidly losing its competitive advantage to the Chinese yuan
China's central bank cuts medium-term borrowing costs by 20 bps; steps up fight against coronavirus pandemic
• 5 years agoThe People’s Bank of China (PBOC) said it was lowering the one-year medium-term lending facility (MLF) loans to financial institutions to 2.95 percent, the lowest level since the liquidity tool was introduced in September 2014, down 20 basis point from 3.15 percent previously.
Markets open on positive note: Sensex soars 800 points, Nifty touches 8,400-level; indices track Asian peers as China PMI data lifts sentiment
Fp Staff • 5 years agoAccording to traders, despite concerns over the rising number of COVID-19 cases in the country and the economic fallout of the nationwide lockdown, investors in the markets are value-buying during each dip.
Rupee slips 42 paise to 72.08 against dollar in early trade, currency comes under pressure after escalation of US-China trade war
Fp Staff • 6 years agoAt the Interbank Foreign Exchange, the rupee opened at 72.03 then fell to 72.08 against the US dollar, showing a decline of 42 paise over its previous closing.
Rupee declines by 9 paise to 70.78 against dollar, market participants cautious ahead of meeting between FPIs, govt
• 6 years agoAfter opening on a strong note at 70.54, the rupee touched a high of 70.44 and a low of 70.82 against the American currency during the day.