# In 2016, RBI’s actions changed the fortune of Indian rupee - Banking & Finance News | The Financial Express

> An FE analysis says the RBI's 2016 actions shaped the rupee's path and that the yuan has weakened about 15% against the dollar since early 2015. The author expects further yuan depreciation and cites Chinese capital outflows.

- Date: 2017-01-01 · published 2017-01-01T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/73268-in-2016-rbi-s-actions-changed-the-fortune-of-indian-rupee-banking-and-finance
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Yuan weakness and Chinese capital outflows can dampen Chinese import demand for feed, but the impact on prices here is limited.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2024-10-31 | [RBI helps rupee outperform peers in month marred by US election anxiety \| Finance News - Business Standard](https://feedsoft.ai/events/28160-rbi-helps-rupee-outperform-peers-in-month-marred-by-us-election-anxiety-finance.md) | +0.8% | +1.7% |
| USDCNY | 2022-04-25 | [Yuan Slips to One-Year Lows, Extending Losses - Asia Financial News](https://feedsoft.ai/events/4952-yuan-slips-to-one-year-lows-extending-losses-asia-financial-news.md) | +1.6% | +2.9% |
| USDCNY | 2019-05-23 | [Trade tensions are starting to pull foreign-exchange markets into the arena \| INTERNATIONAL MARKET NEWS - Business Standard](https://feedsoft.ai/events/59285-trade-tensions-are-starting-to-pull-foreign-exchange-markets-into-the-arena.md) | -0.1% | -0.8% |
| USDCNY | 2023-03-20 | [China's yuan eases after reserve ratio cut; Fed decision in focus \| Financial Post](https://feedsoft.ai/events/37090-china-s-yuan-eases-after-reserve-ratio-cut-fed-decision-in-focus-financial-post.md) | -0.3% | -0.3% |
| USDCNY | 2024-06-28 | [China’s central bank puts the yuan’s exchange-rate swings in crosshairs \| South China Morning Post](https://feedsoft.ai/events/30006-china-s-central-bank-puts-the-yuan-s-exchange-rate-swings-in-crosshairs-south.md) | -0.0% | -0.3% |

## Sources

- preprod.financialexpress.com: https://preprod.financialexpress.com/business/banking-finance-in-2016-rbis-actions-changed-the-fortune-of-indian-rupee-492959/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.