Rupee faces more pressure as weakening yuan raises depreciation risks

Quick Summary:

The Reserve Bank of India was ready to let the rupee weaken in line with the yuan after Donald Trump won US elections last year.

The yuan has declined about 0.

The 30-day correlation between the one-month rupee non-deliverable forward and yuan is even higher at 0.66.

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Category: BusinessFinance

Markets: IndiaChinaIndonesia

Topics: Rbi forex policy Indian rupee India china trade Yuan depreciation Currency correlation Asian currencies Rupee outlook Global trade war

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-17 @ 15:55:51 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 571 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 27962525

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