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Rupee decreased to below the Rs 66 level against the dollar for the first time in nearly two years in opening trade today.

In addition, the PBOC is reducing the reserve requirements (RRR) for most big banks from 18.5 percent to 18.0 percent.

China has sought to calm its panic-stricken stock markets by cutting interest rates and loosening constraints on bank lending after a second day of plunging share prices.

The Shanghai Composite Index was down 4.3 percent at 3,071.06 at midday Tuesday after falling 6.4 percent in the first minutes of trading.

Japan’s Nikkei 225 Index dropped by 4.61% to 18,540.68.

The benchmark Shanghai Composite Index fell 8.5 percent, its biggest one-day loss since February 2007.

Yet those gains would come at the expense of manufacturers in other countries, including the United States and Europe.

As if China wasn’t worrying investors enough, the odds of a Fed rate hike in September seems to have lowered. “This is about growth“. The Nasdaq crumbled 6.8% while the S&P 500 sank 5.8%.

The change would make it more hard to levy high tariffs on Chinese goods. And yesterday, JR’s subscribers saw another victor – to the tune of 116.6% in tracked gains – in Duke Energy (DUK).

Relatively few Chinese are invested in the stock market, and the vast majority of Chinese companies still have access to financing.

The worldwide Monetary Fund has yet to make a final decision on whether or not to add any new currency to its new SDR basket this year. The rest of the world is watching. To have a substantive beneficial impact on trade, the renminbi would need to see rapid depreciation, a...

The fund had been expected to include the Chinese yuan currency into its supplementary foreign exchange reserve assets on January 1, 2016.

Having been outperformed by their larger peers earlier in the session, small-cap stocks roared higher in afternoon trade, with the CSI 500, Shenzhen Composite, and tech-heavy ChiNext indices all finishing with gains in excess of 2%.

Discussions of economic issues in policy circles often suffer from a “which way is up?” dilemma; it’s not clear what the problem is that needs to be solved.

If the yuan is not included into the basket next year, China will have to wait another five years for the next review.