Chinese yuan weakened to a six-year low against the U.S. dollar today. According to the China Foreign Exchange Trade System, it was the weakest level since September 2010 as increased market expectations for an interest rate increase in the United States led to a stronger dollar. In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.

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Todays Epaper

The Union Government has extended the nationwide lockdown 5.0 till June 30 but phase-wise relaxation in non-hotspot zones? Do you think this is the right move?

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