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Rediff.com  » Business » Too soon to judge yuan pledge impact: RBI deputy governor

Too soon to judge yuan pledge impact: RBI deputy governor

Last updated on: June 22, 2010 16:23 IST

Too soon to judge Yuan pledge impact: RBI deputy governor

RBI's deputy governor on Monday assured that there is no reason of immediate worry about the revaluation of Yuan.

He noted that it is too early to judge the impact that China's Market analysts also voiced similar sentiments saying that we should wait and watch as China's central bank said late on Saturday it was ready to make the Yuan more flexible, signaling it was ready to scrap its 23-month-old currency peg, citing a global economic recovery and more balanced external trade.



Source: ANI