CHINA FX RESERVE
China’s foreign exchange reserves rose to the highest level in more than 8-1/2 years in August, official data showed on Saturday, thanks largely to a broadly weaker US dollar.
The country’s foreign exchange reserves – the world’s largest – grew by $31.8 billion to $3.288 trillion last month, booking the second straight monthly expansion and hitting the highest since December 2015.
MUST READ: Ashneer Grover & Wife Seek Delhi High Court’s Approval For Joint International Travel
But it slightly missed a $3.289 trillion forecast in a Reuters poll of analysts.
The yuan gained 1.9% against the dollar in August, while the dollar last month weakened 2.2% against a basket of other major currencies .
READ MORE: FPIs Inject Rs 10,980 Crore Into Indian Equities In First Week Of September
Over six people died in Himachal's Kullu after a storm caused a tree to fall…
RR’s decision to promote Nitish Rana to No. 3 paid off as he smashed a…
In a recent interview with NBC News, Trump warned of severe consequences if Iran does…
Govt to convert Vodafone Idea’s ₹36,950 crore spectrum dues into equity, raising its stake to…
ChatGPT faced a global outage as its Studio Ghibli-style image generator caused a server overload.…
The crescent moon for Eid ul-Fitr 2025 was sighted in India, confirming celebrations on March…
