Chinese imports

Rupee slips 23 paise to 71.66 vs USD in early trade

11:42 am August 20, 2019

Mumbai: The rupee opened on a weak note and fell 23 paise to 71.66 against the US dollar in early trade on Tuesday amid rising crude oil prices and unabated foreign fund outflows. On Monday, the rupee had tumbled 29 paise to close at an over six-month low of 71.43 against the US dollar amid […]

Rupee plunges to over 6-mth low of 71.43; skids 29 paise

7:45 pm August 19, 2019

Mumbai: The Indian rupee tumbled 29 paise to close at an over six-month low of 71.43 against the US dollar on Monday amid growing worries over economic slump and sustained foreign fund outflows. Further, rising crude oil prices and strengthening of the US dollar vis-a-vis other currencies overseas also took toll on the Indian currency. […]

China’s exports unexpectedly rise in July

4:54 pm August 8, 2019

Beijing: China’s exports beat expectations to rise in July while its purchases continued to shrink, official data showed Thursday, despite simmering US trade tensions. The trade war with the United States and weakening global demand had weighed on China’s manufacturing sector during the first six months of the year, with its global exports roughly flat […]

Rupee rebounds 18 paise to 70.71 against USD in early trade

11:06 am August 8, 2019

Mumbai: The rebounded by 18 paise to 70.71 against the US dollar in early trade on Thursday, a day after the Reserve Bank of India cut the key interest rate by 35 basis points. At the interbank foreign exchange, the rupee witnessed high volatility against the US dollar. The local unit opened strong at 70.80 […]

China further weakens yuan rate as currency row simmers

3:04 pm August 7, 2019

Shanghai: China’s currency weakened further against the dollar as the central bank lowered the yuan’s daily reference rate again amid a deepening currency row between Beijing and Washington. The People’s Bank of China on Wednesday fixed the yuan’s central parity rate at 6.9996 per US dollar, weaker than the level set on Tuesday, when it […]