Insights Daily Debates: Day – 14
13 August 2015
Is the Devaluation of Yuan by China an Act of ‘Currency War’?
TIME (Please Check Infographic)
What is currency war? Why the West is wary of devaluation of Yuan? Why is India worried? Is it a currency war? If yes, how will this affect global economy? Is China right in devaluing its currency? What would have India done if it was in China’s position? If India devalues its currency, will it be called as an act of ‘currency war’?