Yuan emerging as a strong benchmark for rupee, say currency dealers

While it hasn't been officially confirmed yet if RBI is intervening in currency market in tandem with the yuan, the market itself has been adjusting based on how China treats its currency

rupee yuan

Tracking yuan movement is important for the market because the rupee has recently significantly outperformed its trading peers

The Chinese yuan is increasingly becoming the key gauge to determine the movement in rupee-dollar exchange rate, currency dealers say.  

While there is no official acknowledgement yet if the Reserve

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First Published: Nov 25 2021 | 7:46 PM IST

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