Unfair to claim China sparked a 'currency war', argues India's central bank

Monday, November 23rd 2015 - 10:42 UTC

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”It’s unfair to pin the blame on the August 11 Yuan devaluation because currencies were already declining due to the “unconventional monetary policies” of some nations, Raghuram Rajan was cited as saying in an interview with the SCMP. Read full article

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ChrisR
Isn't India one of the BRIC's members?

So they have already jumped the gun and started hoarding the Yuan.

Oh dear, that could be a bad move.
Nov 25th, 2015 - 05:29 pm - Link - Report abuse 0
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