China’s Central Bank has cut 1.9 per cent of Yuan reference rate after which a heavy decline has been seen in Yuan and right now it is trading at $ 6.29 down by almost 1.5 percent.
In detail the reference rate is set by country’s central bank, for which there are major foreign currencies against the local currency. and all the Import and Export deals on this reference rate. China Yuan reference rate is fallen sharply due to the heavy down trend in its local currency and because of this...
MCX Commodity Tips: China is To Set Base Metal Trend
Posts in category All News
M&M climbs 1%; plans to invest Rs 700 crore in CV (27-08-2015)
![](http://10.0.1.104:85/_media/iifl/img/article/2015-04/10/full/1428661605-9292.jpg)
JP group shares rally over 4% (27-08-2015)
![](http://10.0.1.104:85/_media/iifl/img/article/2015-05/20/full/1432098956-494.jpg)
Sensex holds 26000; Mid, Smallcap outperform; BHEL plunges (27-08-2015)
![Sensex holds 26000; Mid, Smallcap outperform; BHEL plunges Sensex holds 26000; Mid, Smallcap outperform; BHEL plunges](http://www.moneycontrol.com/news_image_files/2014/b/bull_356x200_200_1202.jpg)
See earnings recovery in H2FY16; OW on auto, cement: UTI MF (27-08-2015)
![See earnings recovery in H2FY16; OW on auto, cement: UTI MF See earnings recovery in H2FY16; OW on auto, cement: UTI MF](http://www.moneycontrol.com/news_image_files/2015/s/swati_kulkarni_UTIMF_200.jpg)