India will join the US in raising its voice against the undervalued Chinese yuan that has skewed the trade balance in favour of China and adversely hit Indian exporters and other emerging markets.
India’s finance minister Pranab Mukherjee is expected to discuss the issue at the three-day G-20 finance ministers’ meeting due to take place in Washington on Friday.
Indian exporters claim the undervalued yuan has made Indian products uncompetitive compared with China’s. The situation is exacerbated by the appreciating rupee.
(Source: The Financial Express)