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Devaluation News

Rupee devaluation

05 Jul 2017

State Bank of Pakistan says 3% currency drop to address external pressures, help economy

Pakistan`s central bank said on Wednesday a sudden 3 percent weakening of the rupee against the dollar would help the country`s external account and shore up economic growth.

28 Feb 2016

Nigeria not to devalue currency: Vice President Yomi Osinbajo

Nigeria's currency will not be devalued despite pressures, Vice President Yomi Osinbajo said.

20 Aug 2015

Doubts over Chinese yuan put BOJ in a bind

China`s devaluation of the yuan exposes an undefended flank in the Bank of Japan`s efforts to jolt its flagging economy out of decades of deflation, which rely heavily on a solid pick-up in overseas demand.

13 Aug 2015

China yuan devaluation rattles India Inc; cheap imports may rise

With China's move to devalue its currency, engineering and textile exports from India are expected to take a major hit with Chinese goods becoming more competitive.

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