Chinese imports cheaper as rupee gains over yuan

From March 31 to June 30, the rupee has appreciated 6% versus the Chinese currency, Bloomberg data showed. For the calendar year so far, the rupee’s appreciation is at similar levels and taking into account the rupee’s gains from its lows versus the yuan touched in January, the domestic currency has strengthened as much as […]

“The developing economies’ impressive trade performance under this expanded measure of trade in services is largely due to four economies that rank as leading services exporters and importers- China; Hong Kong, China; Singapore; India,” they said in the report.