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China Forex Investment Research Institute

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Rupee suffers biggest slump in 6 yrs; closes at 4-mth low of 70.73

Investors are anxious over the US-China trade tension, a sharp devaluation in yuan and uncertainty over Kashmir issue. Illustration: Uttam Ghosh/Rediff.com The rupee on Monday crashed by 113 paise......

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......

BRICS joint action at G20 summit may be wishful thinking

Capital exodus raising alarm in emerging nations BRICS talked of joint action to offset stronger dollar Group still far from coordinating monetary/forex policy Plans by the world's leading......

'Remove 10% Excise Duty on branded garments'

The domestic Textile and Garment industry is estimated at Rs 1,50,000 crore (Rs 1,500 billion) which has grown at an annualised rate of 14 per cent since 2007. Organised market constitutes only......

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