Fed move eases strain on the yuan

Delayed interest rate hike will prove beneficial as capital outflows may slow, say experts

Depreciation pressures on the yuan have eased after the United States Federal Reserve declined to raise interest rates from their record low of near-zero on Thursday, experts said on Friday.

The move will also slow the pace of capital outflows from China and give the much-needed impetus for equities to recoup their losses in August, they said.