Online edition of India's National Newspaper
Friday, July 22, 2005
Online edition of India's National Newspaper Friday, July 22, 2005 |
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China scraps dollar peg Yuan revalued, linked to basket of trade-weighted currencies Pressure from U.S., other trading partners works CHENNAI: The revaluation of the Chinese currency by 2.1 per cent to the U.S. dollar is an enormously significant development. The yuan was pegged at 8.28 to the dollar since 1995. The new rate at 8.11 yuan to the dollar may be well short of the ... No change in forex policy RBI will manage impact, says Lahiri Little impact on exports likely CHENNAI: The appreciation of the rupee in the wake of revaluation of yuan may accelerate on Friday, but this will not affect India's exports, according to Subramaniam Sharma, Director, Greenback Forex Services. He said exporters had long ... Other Stories
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