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Yuan
China to introduce some interbank Macanese Pataca FX trading in January
China said spot trading of the yuan against the Macanese Pataca (MOP) will be allowed to fluctuate within a range of 3% above or below the daily yuan midpoint against the MOP.
20 December 2023, 10:29 IST
China to introduce some interbank Macanese Pataca FX trading in January
20 December 2023, 10:29 IST
The Yuan is finally showing some muscle in international trade
Besides, the world’s attention is fixated on China’s wobbly domestic growth. The yuan as a vehicle for the nation’s geopolitical ambitions is getting sidelined, much like the tapering enthusiasm for President Xi Jinping’s $1 trillion Belt and Road project.
08 December 2023, 08:39 IST
The Yuan is finally showing some muscle in international trade
08 December 2023, 08:39 IST
As India frowns on paying for Russian oil with yuan, some payments held up, sources say
The tussle over payment has not disrupted deliveries so far, with Russian firms such as Rosneft continuing to supply state-controlled Indian refiners, who are seeking alternative ways for settlement.
16 October 2023, 09:40 IST
As India frowns on paying for Russian oil with yuan, some payments held up, sources say
16 October 2023, 09:40 IST
China's central bank to scrutinise bulk dollar purchases
The central bank has warned some lenders of their huge dollar purchases on behalf of their corporate clients, according one of the other sources.
11 September 2023, 09:52 IST
China's central bank to scrutinise bulk dollar purchases
11 September 2023, 09:52 IST
China steps up yuan defence with bond limit guidance
The directive, issued this week, is for banks to restrict southbound purchases under the Bond Connect scheme, and is aimed at limiting the supply of yuan offshore.
25 August 2023, 06:51 IST
China steps up yuan defence with bond limit guidance
25 August 2023, 06:51 IST
Rupee must catch up with Yuan before replacing $
It is a fact that it would take years for the rupee to replace the dollar, or, to be fair, to catch up with the dollar’s prominence.
13 August 2023, 22:17 IST
Rupee must catch up with Yuan before replacing $
13 August 2023, 22:17 IST
Indian refiners making yuan payments for Russian oil
The rise in yuan payments has boosted Beijing's efforts to internationalise its currency, with Chinese banks promoting its use specifically for Russian oil trade.
03 July 2023, 11:13 IST
Indian refiners making yuan payments for Russian oil
03 July 2023, 11:13 IST
Russian rouble steadies near 84 against dollar
The rouble weakened around 2% against the dollar last week, blighted by volatile swings in a low liquidity market.
20 June 2023, 13:23 IST
Russian rouble steadies near 84 against dollar
20 June 2023, 13:23 IST
Yuan now China's most-used cross-border currency
The local currency’s share of China’s cross-border payments and receipts rose to a record high 48% at the month end from nearly zero in 2010
26 April 2023, 07:02 IST
Yuan now China's most-used cross-border currency
26 April 2023, 07:02 IST
China: Alibaba restructures, foreign cash flowing back
Alibaba's shares shot up 14% in the 5 days since the company's restructuring announcement and some $1.7 billion in foreign cash has flowed into China's markets
04 April 2023, 16:34 IST
China: Alibaba restructures, foreign cash flowing back
04 April 2023, 16:34 IST
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