(Bloomberg) -- China may allow the yuan to gain less than analysts forecast in 2007 to discourage speculation, Westpac Banking Corp. and Rabobank International said.
The currency rose 1 percent against the dollar this year, lagging behind an advance of 8.3 percent in India's rupee and 3.1 percent in Malaysia's ringgit. The People's Bank of China's foreign exchange reserves climbed a record $136 billion in the first quarter to $1.2 trillion, a signal of increased sales of yuan to protect exporters' earnings.
Read more at Bloomberg Emerging Markets News
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