Rupee appreciates, breaks 65-level against US dollar

The Indian rupee during early morning trade on Wednesday broke the 65-mark and touched a 17-month high since October 2015.

At around 2.00 p.m., the rupee was trading at the 64.90 level against a US dollar.

The rupee on Monday closed at 65.04 to a greenback. The currency market was closed on Tuesday on account of Gudi Padwa.

"Rupee appreciation to a 17-month hi

Rupee dream run continues, jumps 13 paise against dollar

The Indian Rupee continued gaining streak against the greenback for the third straight session on Wednesday amid sustained selling of dollar by banks and exporters, while fresh fund inflows amid hopes of aggressive policy reforms following BJP’s strong win in the recently-concluded State elections also boosted rupee’s rally.

The home currency was also supported by weak dol

Rupee jumps 34 paise to hit fresh high

The Indian Rupee extended rally against the greenback for the second day on Tuesday amid sustained selling of dollar by banks and exporters, while fresh fund inflows amid hopes of aggressive policy reforms following BJP’s strong win in the recently-concluded State elections also boosted rupee’s rally.

At the Interbank Foreign Exchange Market, the local currency was up by 3

Indian debt, FX markets closed on Tuesday for bank holiday

MUMBAI - India's debt and currency markets are closed on Tuesday for a public holiday. Trading will resume on Wednesday. Stock market, however, is open.

On Monday, the rupee strengthened to 65.0350/0450 per dollar from its previous close of 65.4050/4150, after earlier strengthening to as much as 65.01, the strongest since October 2015.

The benchmark 10-y

Once golden, Robert Rubin's hedge fund proteges lose some luster

By Svea Herbst-Bayliss and Lawrence Delevingne

BOSTON/NEW YORK - Learning to invest on Goldman Sachs' risk arbitrage desk, made famous by leader Robert Rubin, was once seen as a fast track to fortune. But the band of hedge fund protégés who mastered their trade under the former Wall Street star and U.S. Treasury Secretary have stumbled in recent

European shares led lower by weaker miners after Trump setback

By Danilo Masoni

MILAN  - European shares fell on Monday, hit by losses among miners and banks after U.S. President Donald Trump's failure to pass his healthcare bill raised worries over his ability to deliver on fiscal stimulus promises.

The STOXX 600 index fell 0.5 percent by 0953 GMT. The pan-European index has risen around 10 percent since Trump

Rupee hits near 1-1/2 year high; bonds rally, shares fall

MUMBAI  - The rupee hit a nearly 1-1/2 year high against the dollar on Monday, tracking gains in Asian currencies after U.S. President Donald Trump's failure to pass a healthcare reform bill raised concerns about the chances of a U.S. fiscal stimulus.

The Reserve Bank of India stepped in to cap broader gains in the rupee, traders said, adding that some of the

Asian currencies rise as dollar falls across the broad

By Patturaja Murugaboopathy

Most Asian currencies hit multi-month highs on Monday as the dollar declined across the board after U.S. President Donald Trump failed to push through a healthcare reform bill.

The collapse of the healthcare legislation has raised doubts about Trump's ability to deliver on other key campaign pledges such as tax cuts and massive infrastructure

BOJ March meeting summary: Policy will remain easy for some time

By Stanley White

TOKYO  - Bank of Japan board members said easy monetary policy will be in place for some time because consumer price growth is still distant from the central bank's 2 percent inflation target, a summary of opinions from their March 15-16 meeting showed on Monday.

Members dismissed the notion that the BOJ would have to raise its 10-y

Investors shed euro zone bonds on further signs of economic strength

By Abhinav Ramnarayan

LONDON  - Investors sold euro zone government bonds on Friday as reports on private-sector activity in the bloc provided further signals of economic growth, strengthening the case for a withdrawal of monetary stimulus.

Despite uncertainty over a delayed U.S. healthcare vote that may have implications for the "Trumpflation"

Rupee gains 09 paise against US dollar

The Indian Rupee extended gain against the greenback on Friday amid sustained selling of dollar by banks and exporters, while fresh fund inflows amid hopes of aggressive policy reforms following BJP’s strong win in the recently-concluded State elections also boosted rupee’s rally. Further, bullish trade across equity market also boosted home currency’s movement.

The

Asian currencies inch lower, focus on U.S. healthcare vote

By Masayuki Kitano

SINGAPORE  - Most Asian currencies were steady to slightly lower on Friday, ahead of a U.S. vote on a healthcare bill that is seen as a gauge of the Trump administration's ability to implement its policy goals.

U.S. President Donald Trump's struggles to secure passage of the bill have stirred renewed concern about possible del

How a border tax could divide Boeing and its suppliers

By Alwyn Scott

SEATTLE - A U.S. tax overhaul proposed by Republican leaders in Congress would deepen divisions between big manufacturers like Boeing Co and the thousands of smaller companies that supply them, according to suppliers and tax and trade experts.

U.S. automakers and other manufacturers that rely on imported components also would be affected by th

European shares slip as investors stay cautious over Trump plans

MILAN - European shares fell in early trade on Thursday as investors assessed the risks to Donald Trump's stimulus plans, just before a vote in the U.S. Congress on his healthcare bill.

By 0822 GMT, the pan-European STOXX 600 index was down 0.1 percent, following slight losses in the previous session. Britain's FTSE fell 0.2 percent.

The U.S. vote, w

Rupee trades higher against greenback

The Indian Rupee was trading higher against the greenback on Thursday amid fresh selling of dollar by banks and exporters, while fresh fund inflows amid hopes of aggressive policy reforms following BJP’s strong win in the recently-concluded State elections also boosted rupee’s rally. Further, bullish trade across equity market also boosted home currency’s movement.

T

Private placement curbs set to raise corporate China's debt risks

By Engen Tham and Michelle Price

SHANGHAI/HONG KONG  - New rules to rein in a surge in private share sales by Chinese companies are pushing more cash-strapped firms to borrow instead, bankers and analysts say, adding to a corporate debt burden already at its highest since the global financial crisis.

Private placements in China jumped fivefold from 2013

Rupee tumbles 19 paise against greenback

The Indian rupee fell sharply against its US counterpart on Wednesday amid fund outflows by foreign funds and importers due to fresh demand for the American currency. Adding to it, weakness in global equity market also weighed on home currency movement. The equity markets tumbled amid fading hopes that the Trump government will deliver its tax cuts promises.

At the Interbank Foreign E

Rupee tumbles 19 paise against greenback

The Indian rupee fell sharply against its US counterpart on Wednesday amid fund outflows by foreign funds and importers due to fresh demand for the American currency. Adding to it, weakness in global equity market also weighed on home currency movement. The equity markets tumbled amid fading hopes that the Trump government will deliver its tax cuts promises.

At the Interbank Foreign E

Rupee up 7 paise against US dollar

The Indian Rupee was trading higher against the greenback on Tuesday amid sustained selling of the dollar by banks and exporters, while fresh fund inflows amid hopes of aggressive policy reforms following BJP’s strong win in the recently-concluded State elections also boosted rupee’s rally. However, weakness across equity market restricted home currency’s gain. At the Interban

Indonesia tax amnesty nets $330 bln - now for reform

By Gayatri Suroyo and Hidayat Setiaji

JAKARTA - Southeast Asia's biggest economy this month is winding up one of world's most successful tax amnesties, with at least 745,000 taxpayers declaring more than $330 billion of assets so far. President Joko Widodo has cited higher tax revenue as the key to boosting infrastructure spending and growth. But if the amnest

Sterling slips after as date is set for Brexit trigger

By Ritvik Carvalho and Jemima Kelly

LONDON - Sterling fell from a three-week high against the dollar on Monday, on the news Prime Minister Theresa May will trigger Britain's divorce proceedings with the European Union on March 29, launching two years of negotiations.

May's government said her permanent envoy to the EU had informed European Council Pr

Big banks back off calls for euro-dollar parity

By Patrick Graham

LONDON  - U.S. bank Citi has abandoned its prediction of a fall for the euro to below parity against the dollar, the latest major lender to capitulate on long-term forecasts for a historic change in one of the world's big currency equilibriums.

The shift, sent to clients in a strategy note late on Friday, follows revisions by other

Reinsurers design tailored deals in search of higher returns

By Brenna Hughes Neghaiwi and Paul Arnold

ZURICH - Reinsurer Swiss Re, usually involved in mega-deals on natural disaster coverage, is branching out on its own to do individually tailored schemes to boost returns, such as one in China to protect farmers against floods or drought.

This tailor-made approach is part of Swiss Re's response to fierce competit

G20 finance heads to agree on forex, struggle on trade, climate change

By David Lawder and Leika Kihara

BADEN BADEN, Germany - The world's financial leaders will renounce competitive devaluations and warn against exchange rate volatility, a document showed on Friday, but are likely to struggle to find common ground on trade and financing against climate change.

The difficulty stems from a major shift in the views of the Uni

A new breed of sovereign wealth fund - without the wealth

By Claire Milhench

LONDON - Once the preserve of rich oil exporters or nations with trade surpluses, like Norway, Kuwait and Singapore, an unlikely new breed of sovereign wealth fund is emerging - in countries with large deficits and deep debt.

Sovereign wealth funds (SWFs), which first emerged in the 1950s, are traditionally associated with huge financial f