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Exporters urged not to speculate on currency movement due to market volatility
Speaking at a webinar organised by FIEO (eastern region), he said RBI has brought in certain changes in the hedging transactions from September one, and it will be a call for the exporters how to go forward.
Who has more in the tank? Currency markets sharpen focus on debt and deficits
With the developed world largely out of room to cut interest ra...
Rupee settles on flat note, falls 2 paise to 73.37 against US dollar
During the session, the local unit witnessed an intra-day high of 73.35 ...
Rupee ends nearly flat at 73.35 against US dollar
During the session, the rupee witnessed an intra-day high of 73.27 and a low of 73.42 against the US dollar.
‘Impossible trinity’ pushing India’s RBI toward stronger rupee
In India, with supply chain disruptions and food prices pushing inflation stubbornly above target, handling the trinity is looking tougher for the central bank and its leader, Shaktikanta Das, who tested positive over the weekend for Covid-19.
Safe-haven dollar up as coronavirus surges, US stimulus hope fades
An index tracking the U.S. dollar against a basket of currencies was last up 0.1% at 92.92.
RBI remains net purchaser of US dollar in August, buys $5.30 bn
During the reporting month, the central bank bought USD 8.524 billion from the spot market and sold USD 3.217 billion, according to the monthly bulletin released by the RBI.
Dollar hangs on as currency market waits for Powell
The dollar, which often falls when stocks rise as investors seek out riskier currencies, had inched higher overnight -repelling the Australian dollar back under 72 U.S. cents and pushing the euro below $1.18.
Dollar steadies ahead of debate but set for weekly loss on stimulus hopes
Daily moves were slight and mostly in the dollar's favour early in the Asia session as traders awaited the final U.S. presidential debate, which begins at 0100 GMT. Markets could be sensitive to any vote-shifting moments as campaigning hits fever pitch ahead of polling day on Nov. 3.
Rupee settles 16 paise lower at 73.29 against US dollar
Dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.17 per cent to 93.68.
Asian currencies ease after Trump tests positive for Covid-19
Trading volumes were thin in Asia with a host of places on holiday this Friday including, India, China, South Korea, Hong Kong and Taiwan.
Dollar gives ground as hopes of US stimulus leads traders to riskier currencies
The Chinese yuan gained the most against the dollar, reaching a year-and-a-half high in the offshore market as a holiday in China dried up liquidity, exaggerating the moves. In addition, Chinese data on Wednesday showed its economic recovery was on track.
Rupee recovers by 13 paise; ends 2-day losing streak
During the session, the local unit witnessed an intra-day high of 73.29 and a low of 73.55 against the American currency.
Currency markets in subdued mood ahead of key Fed speech
Amid growing speculation Powell could unveil a softer policy stance towards inflation at the annual Jackson Hole retreat on Thursday, investors are bracing for the Fed's possible new steps to prop up the U.S. economy.
Ray Dalio warns of threat to dollar as reserve currency
Dalio said in July that investors should favor stocks and gold over bonds and cash because the latter offer a negative rate of return and central banks will print more money.