How China's Devaluation of Renminbi Impacts India

China's central bank announced a 2 per cent devaluation of its currency on Tuesday, following which the renminbi (also called yuan) witnessed its biggest one-day fall in a decade. The renminbi was last reeling at a near three-year low against the US dollar. Currencies across the world were impacted by China's surprise move. How The Renminbi Devaluation Will Impact India 1) The Indian rupee slipped to a two-month low of 64.26 agains...