Latest Updates Around The World
The yen was volatile on Friday, with two sudden spikes increasing market speculation that authorities had carried out a rate control, often a harbinger of intervention. The yen was last stronger on the day at 155.855 per dollar. Traders are on alert at the prospect of an intervention from Tokyo to stem the decline in […]
The Indian rupee ended slightly higher on Tuesday, breaking its four-day losing streak as state-owned banks and foreign lenders sold dollars.However, importers took advantage of this move to increase hedging, which bankers said dampened profits. The local currency opened at 90.2150 and rose to an intraday high of 90.09, supported by dollar offers from state-owned […]
The Indian rupee fell on Monday, following Asian peers, under pressure from demand for dollars around the Reserve Bank of India’s benchmark interest rate.The rupee ended at 90.2775 per dollar on Friday, down from 90.1975. The currency traded in a narrow range of 10 paisa and witnessed its fourth consecutive decline. Dollar and rupee forward […]
The Indian rupee weakened for a third straight time on Monday as demand for corporate dollars through private banks put pressure on the currency, with bids at the central bank’s reference rate adding to resistance, traders said. The rupee closed at 89.9750 per US dollar, softer than Friday’s close of 89.85. ‌It opened at 89.88 […]
The dollar was on track for its best week in more than a month on Friday as investors bet the Federal Reserve is unlikely to cut interest rates next month, with the case for further easing made no clearer by a confusing US jobs report. The yen briefly shot higher on Friday after Japanese Finance […]
The dollar remained just below multi-month highs on Thursday as a recovery in appetite for riskier assets lifted recent highs, while sterling was under pressure ahead of a Bank of England meeting where investors expect a dovish tone. At $1.1495 against the euro, the dollar is little changed, although it is marginally weaker than Tuesday’s […]
The rupee struggled to hold course on Thursday, stuck in a narrow range before ending marginally higher as inflows into local equities and selling of dollars by state-owned banks offset importers’ demand for the US currency for hedging. The rupee had opened higher at 87.8325 per US dollar, supported by a media report that Washington […]
The Indian rupid fell to a low point against the US dollar on Thursday, in a slide that reflects the increasing tribe of American rates on the third largest economy in Asia. The rupid closed 0.39% lower at 88.4425 against the previous closure of 88.1000. The currency had hit his previous record of 88.36 last […]
