The IMF has softened its criticism of China’s currency regime in recognition of Beijing’s efforts to free up its exchange rate but the move showed a split among the Fund’s member countries.
IMF split in China yuan exchange rate debate
July 28th, 2010 — Nse India
Yuan ’substantially’ undervalued: IMF
July 28th, 2010 — Nse India
The Chinese currency is “substantially” undervalued, a senior IMF official said Wednesday, despite Beijing’s action to let the yuan trade more freely.
Rupee falls from 2-wk high on refiners’ demand
July 28th, 2010 — Nse India
Rupee dropped from its highest in two weeks on Wednesday as refiners stepped up their customary month-end dollar purchases and a fall in domestic equities underpinned sentiment.
US dollar ends dearer against rupee
July 28th, 2010 — Nse India
The US dollar ended dearer against the rupee at Rs 46.75/76 per dollar on Wednesday.
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US dollar ends dearer against rupee
Rupee erases gains as shares fall; dollar eyed
July 28th, 2010 — Nse India
The Indian rupee erased gains, after touching a two-week high earlier on Wednesday, as domestic shares dropped and the dollar recovered against major currencies.
Rupee retreats from 1-week high; stocks eyed
July 28th, 2010 — Nse India
The Indian rupee retreated from a more than one-week high on Wednesday, weighed down by a weak euro, losses in other Asian peers and choppy shares that provided little direction.
Rupee advances most in 5 weeks post rate hike
July 27th, 2010 — Nse India
The rupee rose the most in more than five weeks as the RBI raised interest rates for the fourth time this year to curb inflation, attracting investors to local assets.