Rupee rises 4 paise at 64.35 against US dollar

The Indian Rupee continued its gaining streak against the greenback Wednesday amid sustained selling of dollar by banks and exporters, while foreign fund inflows also boosted home currency. The dollar was also under pressure as investors feared that the Trump administration would be unable to push through its economic agenda after President’s adviser Steve Bannon exited the White House.

Strong euro leads big bond buyers into government debt rethink

By Abhinav Ramnarayan and Saikat Chatterjee

LONDON  - The euro's double-digit gains this year are prompting some of the world's biggest money managers to view European government debt more favourably just as the central bank is planning to withdraw its support from the bond market.

Euro zone government bond yields have risen steadily since Septe

Rupee trades 4 paise against US dollar

The Indian Rupee extended gaining momentum against the greenback on Tuesday amid fresh selling of dollar by banks and exporters, while sustained foreign fund inflows also boosted home currency. The dollar was also under pressure as investors feared that the Trump administration would be unable to push through its economic agenda after President’s adviser Steve Bannon exited the White Hous

China has more room to tackle debt - if it wants to

By Marius Zaharia and Tripti Kalro

HONG KONG/BANGALORE - Rising corporate profits are providing Chinese policymakers with room to do more to tackle the country’s growing debt problems without inflicting major damage on the economy.

Profits are increasing even though financial conditions are tightening in some significant areas of the economy; lending r

Rupee surges 12 paise at 64.08 on dollar selling

The Indian Rupee was trading higher against the greenback on Monday amid fresh selling of dollar by banks and exporters, while sustained foreign fund inflows also boosted home currency. The dollar was also under pressure as investors feared that the Trump administration would be unable to push through its economic agenda after President’s adviser Steve Bannon exited the White House. At th

Global Economy: Getting to the core of global inflation

By Ross Finley

LONDON  - Stock markets have spent the year rising on bets of a resurgence in inflation, while central bankers trying to manage the global economy have spent the same time repeatedly reassuring everyone it's just around the corner.

Policymakers gathering at an annual monetary retreat in Jackson Hole, Wyoming in the coming week no doub

Rupee up 5 paise at 64.18 against US dollar

The Indian Rupee was trading higher against the greenback on Friday amid fresh selling of dollar by banks and exporters, while sustained foreign fund inflows also boosted home currency. The dollar was also under pressure as investors fear that the Trump administration is unable to push through its economic agenda. At the Interbank Foreign Exchange Market, the local currency was up by 05 paise a

Visits to UK rise amid fall in pound

The number of visitors to the UK rose to 3.5 million in June, up 7 per cent from the same month last year, official figures released on Friday showed.

The number of visitors from North America shot up by 34 per cent, the figures by the Office for National Statistics (ONS) revealed.

The best month so far this year was April, with 3.7 million visitors coming to the UK -- up 19

China issues guidelines for overseas M&As, pushes Belt and Road deals

BEIJING  - China's cabinet on Friday issued guidelines to regulate overseas investment as Beijing looks to support capable firms investing overseas while limiting deals in property, hotels, entertainment, sports clubs, and the film industry.

The government will push for investments related to its Belt and Road initiative but also plans to maintain a blacklist

Rupee trades lower against US dollar

The Indian Rupee was trading lower against the US dollar on Wednesday amid fund outflows by foreign funds and importers due to strong demand for the American currency. However, Rupee pared most of early losses tracking firm cues from domestic equity market. At the Interbank Foreign Exchange Market, the local currency was down by 04 paise at 64.26 per dollar against a previous close of 64.22 per

Cracking down on `black` money, India steps up scrutiny of shell firms

NEW DELHI/KOLKATA - When Prime Minister Narendra Modi banned high-denomination currency bills in a surprise move late last year, authorities noticed a surge in shell companies depositing cash in banks, seemingly in a bid to hide who owned that wealth.

The moment, said a top aide to Modi, was an eye-opener for the government, which had not realized just how much shell

Yuan`s strength against the dollar fails to snuff out depreciation expectations

By Winni Zhou and John Ruwitch

SHANGHAI - China has given those who bet against the yuan a bloody nose this year thanks to policy moves and intervention by the authorities. And yet, many traders and investors are still tipping the Chinese currency to decline against the U.S. dollar in the next year.

They argue that after a Communist Party leadership meeting

Rupee trades higher against US dollar

The Indian Rupee was trading higher against the greenback on Monday amid fresh selling of dollar by banks and exporters, while sustained foreign fund inflows also boosted home currency. At the Interbank Foreign Exchange Market, the local currency was up by 04 paise at 64.22 per dollar against a previous close of 64.26 per dollar at 15:55 hours.

In the day’s trade so far, the Rup

Rupee slips 09 paise against US dollar

The Indian Rupee was trading lower against the US dollar on Thursday amid fund outflows by foreign funds and importers due to strong demand for the American currency. Adding to it, weak cues from domestic equity market also weighed on Rupee movement.

At the Interbank Foreign Exchange Market, the local currency was down by 09 paise at 64.08 per dollar against a previous close of 63.99

Rupee slips 12 paise against US dollar

The Indian Rupee was trading lower against the US dollar on Wednesday amid fund outflows by foreign funds and importers due to strong demand for the American currency amid strong payroll data. Adding to it, weak cues from domestic equity market also weighed on Rupee movement.

At the Interbank Foreign Exchange Market, the local currency was down by 12 paise at 63.75 per dollar against

Rupee trades 06 paise up at 63.91 against US dollar

The Indian Rupee was trading higher against the greenback on Tuesday amid fresh selling of dollar by banks and exporters, while sustained foreign fund inflows also boosted home currency. At the Interbank Foreign Exchange Market, the local currency was up by 06 paise at 63.91 per dollar against a previous close of 63.97 per dollar at 12:40 hours. In the day’s trade so far, the Rupee touche

Rupee plummets 15 paise against US dollar

The Indian Rupee was trading lower against the US dollar on Monday amid fund outflows by foreign funds and importers due to strong demand for the American currency amid strong payroll data. At the Interbank Foreign Exchange Market, the local currency was down by 15 paise at 63.92 per dollar against a previous close of 63.77 per dollar at 12:30 hours. In the day’s trade so far, the Rupee t

Rupee trades flat against US dollar

Amidst choppy trade, the Indian Rupee was trading flat against the US dollar on Friday amid fund outflows by foreign funds and importers due to demand for the American currency. As on August 03, the FIIs stood at net buyer in both equity and debt markets. Gross equity purchased stood at Rs. 4106.42 Crore and gross debt purchased stood at Rs. 1532.36 Crore, while the gross equity sold stood at R

US dollar rises amid economic data

The US dollar traded higher against most major currencies as investors digested the latest economic data.

In late New York trading on Thursday, the euro rose to $1.1869 from $1.1868, and the British pound fell to $1.3131 from $1.3239, Xinhua news agency reported. 

The Australian dollar decreased to $0.7942 from $0.7976.

The US dollar bought 110.

Yuan, rupee seen stumbling if dollar revives: Reuters poll

BENGALURU - In 12 month's time the Chinese yuan will have erased most of its gains made this year, provided the U.S. Federal Reserve sticks to its tightening path, boosting the greenback, a Reuters poll showed.

Having strengthened more than 3 percent since the start of 2017, the yuan is forecast to weaken to 6.90 per dollar in a year, according to the poll of over

US dollar rises amid economic data

The US dollar traded higher against most major currencies on Wednesday as investors digested a slew of economic data.

In late New York trading, the euro rose to $1.1868 from $1.1810, and the British pound climbed to $1.3239 from $1.3218, Xinhua news agency reported. 

The Australian dollar decreased to $0.7976 from $0.7977.

The US dollar bought 1

Rich South Koreans, conglomerates face big tax bill as government seeks to fund welfare

SEOUL - Wealthy South Koreans and leading conglomerates potentially face a big hit from tax hikes proposed by the government, as President Moon Jae-in seeks higher revenue to fund rising welfare costs and make housing more affordable for the less privileged.

The government has asked the nation's top 129 companies to pay 25 percent of corporate income tax from 201

Rupee hits over 2-yr high, foreign lenders sell dollars

By Suvashree Choudhury

MUMBAI - The Indian rupee strengthened to its highest in more than two years amid heavy selling of dollars by foreign banks, with the central bank decision to cut interest rates having only a limited impact, according to traders.

The dollar had briefly touched a 15-month low against a basket of major currencies on Tuesday, though it bo

Rupee edges higher against greenback

The Indian Rupee was trading marginally higher against the greenback on Wednesday amid selling of dollar by banks and exporters, while sustained foreign fund inflows also boosted home currency. The market sentiment was also lifted amid speculation that ease in WPI and retail inflation in June, may put pressure on the Reserve Bank of India to cut interest rate.

At the Interbank Foreign

US dollar mixed on weak data, Fed uncertainty

The US dollar traded mixed against other major currencies as weak US economic data kept the Federal Reserve's policy outlook uncertain.

In late New York trading on Tuesday, the euro fell to $1.1810 from $1.1825, and the British pound climbed to $1.3218 from $1.3193, Xinhua news agency reported. 

The Australian dollar decreased to $0.7977 from $0.7990.