Latest Updates Around The World
The Indian rupee posted its best one-day gain in more than a month on Monday, boosted by likely central bank dollar sales and modest inflows that eased spillovers from volatility in global markets.The central bank supplemented its interventions with dollar-rupee buy/sell swaps, which, traders said, were aimed at offsetting the liquidity impact of its spot […]
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 finished higher for a second straight session on Wednesday on likely state-owned banks’ dollar selling, which traders said could come on behalf of the central bank, reversing pressure from slightly softer Asian signals.The rupee ended 0.3% higher at 89.88, its highest closing level in a week, after closing at 90.1650 in the […]
The Indian rupee ended little changed on Thursday as pressure was fueled by outflows linked to corporate debt repayments and routine hedging demand from importers was limited by periodic selling of dollars by state-owned banks.The rupee closed at 89.3050 against the US dollar, down marginally from the close of 89.27 in the previous session. The […]
The dividend payment of the Reserve Bank of India of almost £ 2.7 trillion to the government has been made possible for robust gross dollar sales, higher exchange rate wines and steady increase in interest income, according to a report from the State Bank of India (SBI). The report noted that this significant surplus transfer […]
