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Global Market | South Korea’s NPS suspends FX hedging as won hits near two-year high: ReportsSouth Korea’s National Pension Service has suspended foreign exchange hedging as the won strengthened to a near two-year high against the d...
Global Market: South Korean stocks surge nearly 3% as AI chip optimism lifts Samsung, SK HynixSouth Korean shares surged nearly 3% on Monday, led by Samsung Electronics and SK Hynix, as optimism over sustained AI investment and stron...
Dollar gets little lift from boost in Fed hike expectationsThe dollar faced pressure on Monday as Middle East tensions fueled inflation concerns. Global central banks may tighten policy together, im...
Dollar bounces on job gains, then pares ahead of CPIThe U.S. job market showed surprising resilience in August, adding 162,000 positions—far beyond what analysts anticipated. This result has ...
Rupee rises 2 paise to close at 94.49 against US dollarThe Indian rupee has risen by two paise, closing at 94.49 against the US dollar, buoyed by positive foreign investments and an increased ap...
RBI may raise repo rate to 5.75-6% in H2 FY27, rate hike cycle likely from December: UBIUnion Bank of India expects the RBI to raise the repo rate to 5.75-6% in H2 FY27, from the current 5.25%, with the rate-hike cycle likely b...
Global Market: South Korean shares rise on chip gains, KOSPI set for third weekly lossSouth Korean shares rose 0.85% on Friday, led by gains in heavyweight chipmakers Samsung Electronics and SK Hynix, although the KOSPI remai...
Yen headed for strongest week in a month, dollar flat ahead of payroll dataThis week, the Japanese yen appreciated considerably against the US dollar, as traders are anticipating a potential interest rate hike from...
Indian banks pitch FX sell/buy swaps to drain surplus liquidity, sources sayIndian lenders suggested forex sell/buy swaps to reduce excess rupee liquidity. This proposal came after a meeting with the Reserve Bank of...
Record FCNR (B) inflows as banks mobilise $127 blnBanks mobilized over $127 billion from FCNR(B) deposits by August 31. Total dollar inflows reached $136.37 billion through special schemes....
ICICI Bank raises $17.9 billion through FCNR(B) window, boosts lending liquidityICICI Bank secured approximately $17.88 billion via the RBI's special swap facility. This mobilization provides the bank with substantial f...
Rupee falls 2 paise to 94.97 against US dollar in early tradeThe Indian rupee slipped further in early trading on Wednesday amidst signs of escalating tensions between the US and Iran, coupled with so...
Global Market: South Korean stocks slide more than 3% as Iran conflict deepens global market selloffSouth Korea’s Kospi plunged over 3% as rising bond yields, higher oil prices and escalating US-Iran tensions hit investor sentiment. Foreig...
RBI intervention, dollar flows push Indian rupee to two-month peakThe Indian rupee surged to a two-month peak against the U.S. dollar, buoyed by decisive central bank interventions and dollars flowing in f...
Global Market: KOSPI gains as AI-driven chip demand lifts South Korean exportSouth Korean shares gained on Tuesday, with the KOSPI rising 0.33%, as stronger-than-expected exports and robust semiconductor demand linke...
Yen hangs near 160 amid BOJ rate-hike bets, dollar wobblesThe yen stabilized near 160 against the dollar on Tuesday. US Treasury Secretary Scott Bessent urged the Bank of Japan to raise rates. Curr...
Global Market: South Korean shares fall as hawkish Fed comments weigh on sentimentSouth Korean shares fell sharply on Monday as hawkish comments from Fed Chair Kevin Warsh raised expectations of a possible US rate hike as...
Dollar near two-week high as Warsh boosts rate-hike bets; yen slips past 160On Monday, the dollar maintained its strength close to a two-week peak, fueled by expectations of a rate hike in September following assert...
Global Market Today: Asian stocks drop on hawkish Warsh tone, oil gainsMSCI’s Asia Pacific equities gauge fell 0.8%. Technology shares led declines, with the Kospi Index — a barometer for artificial intelligenc...
Dollar near eight-day high as US data lifts Fed hike betsThe dollar showed a minor uptick following U.S. inflation figures that aligned with forecasts for an impending Federal Reserve rate increas...