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CURRENCY MARKET
Rupee edges up on RBI support, softer oil pricesThe Indian rupee strengthened slightly on Thursday after central bank interventions. Oil prices retreated, which also supported bond yields...
‘Fed’ up with inflation? US rate hike leaves RBI with an October-or-December dilemma, economists sayThe US Federal Reserve’s first rate hike since 2023 has added to pressure on India, with the rupee breaching 96 against the dollar and econ...
Global Market: Hong Kong dollar hits one-month low as carry trades loomThe Hong Kong dollar weakened towards the lower end of its trading band as the widening interest-rate gap with the US increased the appeal ...
Global Market: China broadens Yuan FX clearing in push for global currency useChina has expanded yuan foreign-exchange clearing to include the Singapore dollar, New Zealand dollar and Thai baht, as Beijing seeks to wi...
Rupee slips below 96 per dollar level in early tradeIn a significant market shift, the rupee has dipped to 96 against the US dollar, marking a low not seen in over two months. This decline is...
Tonight's US Fed rate decision will cast a long shadow over IndiaFederal Reserve Rate Impact on India: Federal Reserve rate hike is set to intensify pressure on India’s rupee, bond yields, inflation and m...
Rupee languishes at six-week low ahead of Fed outcome, RBI limits lossesThe Indian rupee has dropped to its lowest value since late July, driven by heightened demand for the dollar and expectations of U.S. Feder...
Global Market: Japan’s Nikkei flat as investors await Fed, BOJ decisionsJapan’s Nikkei was largely flat on Wednesday as investors stayed cautious ahead of interest-rate decisions from the US Federal Reserve and ...
Dollar girded by bets on a US hiking cycleOn Wednesday, the dollar maintained its recent strength against leading currencies as traders eagerly awaited the Federal Reserve's anticip...
Rupee hits 3-month low as crude surges, US bond yields breach 5%The Indian rupee reached its weakest point in three months on Tuesday. This depreciation occurred as Brent crude oil prices surged past $10...
Making a dollar detour: Why BRICS isn’t breaking up with the dollarThe latest BRICS declaration emphasizes interoperable payment systems and local currency settlement. It explicitly avoids proposing a commo...
Global Market: Yen speculators turn net long for first time since FebruarySpeculators turned bullish on the yen for the first time since February as expectations of faster Bank of Japan rate hikes intensified. Fut...
De-dollarisation: BRICS takes a measured route, focuses on payments and not on common currencyThere is no mention of a common BRICS currency or a formal call for replacement of the US dollar. Instead, the document sticks to the more ...
De-dollarisation and its impact on commodities and global tradeFor decades, the US dollar has dominated global trade and commodity markets. Most commodities, including crude oil, natural gas, gold, indu...
Earning in dollars doesn’t make NRIs better investors: Currency advantage alone isn’t enoughFor NRIs earning in stronger foreign currencies such as dollars, pounds or dirhams, investing in India can offer greater rupee purchasing p...
Currency markets subdued as oil shock lifts global yields; ECB, U.S. inflation eyedCurrency markets remained steady as investors assessed rising oil prices and bond yields. The Japanese yen's strong rally paused before key...
Global Market: Yen carry trade under pressure as currency surge raises unwind fearsJapan's yen has reached a seven-month high, impacting global financial markets. Investors are reassessing the yen carry trade strategy due ...