United States designates China a ‘Currency Manipulator’

United States has designated China a “currency manipulator”, after country’s central bank allowed Yuan (Chinese Currency) to fall against dollar. This move could escalate tense trade relations between two nations. Key Highlights Background During US Presidential elections in 2016, US President Donald Trump had promised to label China as a currency manipulator, but it was ..

Month: Current Affairs - August, 2019

Topics: currency manipulator • International Monetary Fund • US President Donald Trump • US Treasury Department • US-China • Yuan-Dollar

India 12th largest overseas holder of US securities in 2017

According to recent figures compiled by US Treasury Department, India is 12th largest overseas holder of US government securities. India’s exposure to it has risen sharply to high of US $144.7 billion at end of 2017. The preliminary data from June 2017 benchmark survey of foreign portfolio holdings of US securities showed that total value ..

Month: Current Affairs - March, 2018

Topics: Business • China • Eocnomy • India • US Government Securities • US Treasury Department