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How Does One Read RBI's Forex Strategy? Look At The Yuan

RBI's forex strategy may be deciphered by observing the yuan, which has a significant impact on India's export competitiveness compared to the dollar and other currencies.

How Does One Read RBI's Forex Strategy? Look At The Yuan
The Chinese yuan may be the key to decoding when the central bank intends to intervene in the foreign exchange market and by how much.In the recent weeks, the linkage between the rupee and yuan has been more pronounced than the dollar, as it defines India's export competitiveness compared to its trading partners, currency traders said."We are now more pegged to CNY, as compared to USD, because if we look at three-month chart, we are ...
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