Gå ubegrenset med Magzter GOLD
Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare
Prøve GULL - Gratis
China Lets Yuan Weaken Past Key Level in Potential Exports Boost
Mint Mumbai
|April 09, 2025
China eased its tight grip on the yuan by weakening its daily reference rate past the keenly-watched 7.20 per dollar level amid the dramatically escalating trade war with the U.S.
The People's Bank of China (PBOC) set the so-called fixing at 7.2038 per dollar on Tuesday, the weakest since September 2023. It's the first time since President Donald Trump's November election that the fixing breached 7.20, a level seen by investors as a soft-red line for official intentions toward the managed currency.
The move triggered depreciation in the spot yuan despite a moderate improvement in risk sentiment in the stock market. The onshore yuan slid to the weakest level since September 2023, while the offshore currency hit a two-month low.
Denne historien er fra April 09, 2025-utgaven av Mint Mumbai.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Mint Mumbai
Mint Mumbai
Space startup Agnikul raises ₹150 crore
Aerospace startup Agnikul has raised ₹150 crore in a Series C round, two people familiar with the matter told Mint, after its earlier plan to raise up to $50 million failed to draw sufficient investor interest.
1 mins
November 22, 2025
Mint Mumbai
Global giants press for PLIs on aerospace components
Airbus, Boeing, Pratt & Whitney seek production-linked incentives like the one for drones
3 mins
November 22, 2025
Mint Mumbai
Digital gold stumbles, ETFs sniff opportunity
Fund houses are promoting gold ETFs as secure, regulated, transparent
2 mins
November 22, 2025
Mint Mumbai
When the music played
For all the years it was central to entertainment and information, the television was called \"the idiot box\", and a good vs bad debate continues to swirl around it long after many have cut cable and switched to streaming.
1 mins
November 22, 2025
Mint Mumbai
Gratuity and benefits to soar for millions of employees
The government on Friday implemented four new labour codes, marking the biggest overhaul of workers’ laws in decades.
2 mins
November 22, 2025
Mint Mumbai
Rising stars of mixed-doubles table tennis
Diya Chitale and Manush Shah are the first Indians to qualify for the WTT Finals
4 mins
November 22, 2025
Mint Mumbai
THE AGE OF MT
In the 1990s and 2000s, MTV changed Indian pop forever through innovative programming and VJs who gained their own fandom. When did it stop experimenting?
7 mins
November 22, 2025
Mint Mumbai
For Sid Sriram, the stage is home
From the movie 'Kadal' to Coachella, the singer celebrates his Carnatic roots as he embarks on a multi-city concert tour
2 mins
November 22, 2025
Mint Mumbai
Did the people have a say in the making of the Constitution?
A new book, based on archival research, offers an original take on the framing of the Constitution as a participatory process
5 mins
November 22, 2025
Mint Mumbai
An ode to Bhutan's buckwheat noodles
A soba-lover discovers how buckwheat breathes life into Bumthang's chilled, chilli-laden noodles
3 mins
November 22, 2025
Listen
Translate
Change font size