China's foreign trade declines, forex reserves drop to record low

On August 11, the central bank devalued the yuan by about 2 per cent against the US dollar, the biggest one-day currency devaluation in nearly two decades. China on Tuesday said its foreign trade......

China further devalues currency, sparks fears of currency war

Faced with sluggish economic growth and dwindling exports, China on Wednesday devalued its currency for the second consecutive day, sending fresh shock waves through global markets and......

China's forex reserves set to touch $1 trillion

China's foreign exchange reserves look set to create a new record at $1 trillion at the end of this month or early November, posing new problems how to best manage it, economists said.The reserves,......

Rupee to remain under pressure; may settle at around 79-80/USD in near term: Experts

India's rupee is likely to remain under pressure due to high prices of crude oil and other commodities, and may stabilise at around 79-80 against the US dollar in the near term, say experts amid......