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The agreement comes ahead of Chinese President Xi Jinping’s visit to Russia on 8 May.
Indian equities plunged the most in four weeks and the rupee dropped to a three and a half-month low in early trade on Tuesday as crude oil retreated further and
China's Central Bank decided to cut the amount of cash banks must hold as reserves by one per cent from April 20.
The IMF team has been invited by the Indian Ministry to look at the new dramatic revision of India’s GDP calculation method
Chinese investment into foreign countries surged 29.6% to $25.79 billion in the first quarter.
China and SouthAfrican Foreign Ministers discussed preparations for the establishment of the BRICS Bank.
China promised to “streamline administration and mandate more powers to lower-level governments" to vitalize markets.
The authorized capital of the AIIB is $100 billion and the initial subscribed capital is expected to be around $50 billion.
The Chinese government has set the 2015 inflation control target at around 3 per cent.
