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Currency devaluation News

24 Jun 2016

Rajan wants central banks to keep off competitive devaluation

Reserve Bank Governor Raghuram Rajan on Friday asked central banks across the globe to desist from currency depreciation to create competitive advantage in the wake of Britain's exit from the European Union.

18 Feb 2016

Venezuela imposes gasoline hike, currency devaluation

Venezuela`s President Nicolas Maduro said Wednesday he would raise the price of gasoline and devalue the bolivar currency, as he faced growing pressure to ease an economic crisis.

07 Jan 2016

Need to avoid beggar-thy-neighbour policies: Raghuram Rajan

RBI Governor Raghuram Rajan has said there is need to avoid beggar-thy-neighbour policies and sustained exchange-rate intervention that primarily induce capital outflows and competitive currency devaluations.

04 Sep 2015

US tells China at G20 to avoid 'competitive devaluation'

US Treasury Secretary Jacob Lew on Friday told his Chinese counterpart at a G20 meeting in Ankara to avoid competitive devaluation and improve communication of Beijing`s economic policy.

Currency devaluation

03 Sep 2015

India to take up currency devaluation issue at G20

Ahead of the meeting of G20 finance ministers and central bank governors in Turkey, India on Thursday said competitive devaluation of currency is a major threat to stability in the global economy.

Yuan devaluation

20 Aug 2015

Currency devaluation raises question on China's strength: Rajan

Terming devaluation of currencies as a "worrisome trend", RBI Governor Raghuram Rajan on Thursday said China's move to devalue its currency and to protect its stock markets raise questions about the 'true strength' of the world's second largest economy.

11 Aug 2015

China's move to devalue currency could reverberate globally

China's surprise move on Tuesday to devalue its currency has intensified concerns about the world's second-largest economy, whose growth has reached a six-year low.

16 Apr 2015

China Premier says 7% growth hard to achieve, spurns devaluation

"It`s true that our economy is still under downward pressure," Li was quoted as saying in an interview with the Financial Times. "It won`t be easy to achieve another 7 percent growth this year."

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