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CURRENCY MARKET
US Treasury rout hands India's 10-year bond its worst day in a monthOn Wednesday, the Indian rupee gained strength against the dollar, reaching its highest point since April. This improvement was influenced ...
Rupee touches strongest since April as foreign inflows offset firm dollarOn Wednesday, the Indian rupee surged to its healthiest value since April, closing at 93.69 against the dollar. This upswing was driven by ...
India's battered rupee finds an unlikely rescue party in cheaper oil and Wall Street's AI routAs crude oil prices fall, India's import costs see a positive shift, bolstering the rupee's steadiness. The return of foreign portfolio inv...
Rupee rises 7 paise to 93.70 against US dollar in early tradeThe rupee strengthened 7 paise to 93.70 against the US dollar in early trade on Wednesday, supported by sustained foreign fund inflows, eas...
Chinese yuan remains range-bound as US rate hike bets strengthen dollarThe Chinese yuan edged higher but remained range-bound as a weaker PBOC midpoint and expectations of further US rate hikes limited gains. S...
Easing global headwinds, lower crude oil prices may further lift rupee in coming months: EconomistsEconomists predict the Indian rupee will strengthen against the US dollar in the coming months. Factors contributing to this appreciation i...
India in a 'sweet spot' amid oil volatility and currency dynamics: Kotak Neo's Anindya BanerjeeIndia is in a favourable economic position due to declining crude oil prices and increasing foreign investment inflows. The Indian rupee is...
Rupee among Asia's top performing currencies as AI trade coolsThe Indian rupee has gained considerable strength in FY27, aided by increased foreign portfolio investor inflows. A notable decline in crud...
Yuan holds firm against dollar as seasonal corporate selling offsets greenback strengthChina's yuan remained stable against the US dollar as seasonal year-end dollar sales by exporters offset greenback strength following robus...
Japan's Yen intervention hits record $50 billion in single day in JulyJapan spent a record $50.36 billion in a single day in July to strengthen the yen, which had fallen to a 40-year low against the dollar. It...
Rupee finally bounces back, closes at 93.90 on Friday, after hitting nearly 97/$ in May and OctThe rupee emerged as Asia's best-performing currency this week, strengthening to 93.90 against the dollar. Falling crude oil prices, nearly...
India's forex reserves fall $2.6 billion to $717 billion as of October 30India's foreign exchange reserves fell by $2.691 billion to $717.056 billion in the week ended October 30, extending a decline from their S...
IndusInd Bank customers can now send money abroad in 123 currencies through J.P. Morgan tie-upIndusInd Bank has teamed up with J.P. Morgan Payments to elevate their outward remittance capabilities. This partnership enables customers ...
Indian rupee strengthens past 94/$ as oil slides, foreign inflows returnThe Indian rupee strengthened past 94 per dollar after regaining appeal among emerging-market currencies recently. Significant foreign infl...
China's rising yuan squeezes exporters, raises concerns over jobs and growthChina's strengthening yuan is squeezing exporters' profit margins, raising concerns over job losses, weaker exports and slower economic gro...
Rupee falls 9 paise to 94.50 against US dollar in early tradeIn early trading on Friday, the rupee slipped by 9 paise to reach 94.50 against the US dollar, driven by a robust dollar and surging crude ...
Yuan set for first weekly loss in six weeks as equity rout dents sentimentChina’s yuan headed for its first weekly decline in six weeks as weaker PBOC guidance and a sharp equity selloff hurt sentiment. While the ...
Rupee gains 17 paise to settle at 94.58 against Us dollarThe Indian rupee appreciated for the second consecutive session, closing 17 paise higher against the US dollar. Easing crude oil prices and...
Chinese yuan hits over two-week low against dollar as PBOC signals caution on appreciationChina’s yuan weakened to a more than two-week low against the dollar after the central bank set a weaker daily fixing and raised foreign ex...
Yuan hovers near four-year high as investors eye US midterm electionsChina’s yuan traded near a more than four-year high against the US dollar, supported by expectations of further appreciation. Investors tra...