Currency intervention Current Affairs, GK & News
On June 30, 2020, Reserve Bank of India released its data on International Investment Position, IIP. Highlights According to the data, the direct investment in the country rose by 19 billion USD and the portfolio investment declined by 13.7 billion USD. Also, the international financial assets of Indian residents have increased by 73.9 billion USD. ..
Month: Current Affairs - July, 2020
Category: Economy & Banking Current Affairs
The US has declared that China as a currency manipulator. The move could further fuel the ongoing trade war between the two countries. The US has alleged that China’s Central Bank is pushing for depreciation of Yuan as retaliation for new US tariffs. Why China is called Currency Manipulator? It has been alleged that People’s ..
Topics: Currency • Currency intervention • currency manipulator • Currency war • Economy • Exchange rate • Foreign exchange market • International macroeconomics • Monetary hegemony • Money • Trade wars • US-China Trade War • Yuan
Currency Exchange Rate Oversight Reform Act of 2011 Recently, the US Senate voted to advance a Bill pressuring China to prevent undervaluing its currency. The Senate voted in favour of the proposed Currency Exchange Rate Oversight Reform Act of 2011. This bill is basically an international trade bill in that would establish US tariffs on ..
Topics: Currency • Currency Exchange Rate Oversight Reform Act • Currency intervention • Current Affairs – February, 2016 • Economy • Exchange rate • Finance • Foreign exchange market • International macroeconomics • Money • Renminbi • United States federal legislation