Thursday, August 20, 2015

China's Yuan Devaluation and It's Impact on India

Last week the Chinese central bank PBOC (People's Bank of China) devalued their currency Yuan, which created kind of a earthquake in the international markets. Immediately after that the Indian rupee started weakening against Dollar. In my latest economic report I discuss why Chine decided to devalue their currency, and what impact this move will have on the Indian and World economies.