Chinese checkers: Endgame some time away1 min read . Updated: 20 Jan 2016, 02:09 PM IST
Volatility in the yuan has spilled over to other emerging market currencies, and investors would tend to demand a higher risk premium
The bloodletting from the Chinese carnage might not be over yet. Since the beginning of this year, when the People’s Bank of China started a second round of devaluation of the yuan, the Sensex has shed 6.5%. Last August, when the yuan was pegged down for the first time, Indian stocks had lost almost 12% in 20 days of trading.
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