Rupee trades flat against US dollar

The Indian Rupee were trading flat with marginal gains against the greenback on Wednesday amid selling of dollar by banks and exporters, while sustained fund inflows by foreign portfolio investors also boosted home currency’s movement. Adding to it, firmness in the domestic equity market also gave a lift to rupee.

At the Interbank Foreign Exchange Market, the local currency was

Dollar holds above 6-1/2 month lows, Fed minutes in focus

By Ritvik Carvalho

LONDON - The dollar on Wednesday held above 6-1/2-month lows hit in previous days, as comments from a senior Federal Reserve official rekindled expectations of possible U.S. interest rate rises.

The dollar had lost nearly all of its gains since the U.S. elections la

Rupee trades weaker against dollar, down 23 paise

The Indian Rupee fell sharply against the greenback on Tuesday amid fresh fund outflows by foreign funds and importers due to strong demand for the American currency.

The weakness in the Indian equity markets also weighed on home currency movement. At the Interbank Foreign Exchange Market, the local currency was trading 23 paise lower at 64.82 per dollar against the previous close of

Rupee trades higher against greenback

The Indian Rupee continued to trade higher against the greenback on Monday amid fresh selling of dollar by banks and exporters, while sustained fund inflows by foreign portfolio investors also boosted home currency’s movement. Adding to it, firmness in the domestic equity market also gave a lift to rupee.

At the Interbank Foreign Exchange Market, the local currency was up by 08

Rupee edges higher against greenback

The Indian Rupee continued its gaining streak against the greenback on Tuesday amid fresh selling of dollar by banks and exporters, while sustained fund inflows by foreign portfolio investors also boosted home currency’s movement. Adding to it, firmness in the domestic equity market also gave a lift to rupee.

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

Rupee extends rally against greenback

The Indian Rupee extended rally against the greenback on Monday amid fresh selling of dollar by banks and exporters, while sustained fund inflows by foreign portfolio investors also boosted home currency’s movement. Adding to it, firmness in the domestic equity market also gave a lift to rupee.

At the Interbank Foreign Exchange Market, the local currency was up by 24 per cent to

Rupee trades higher against greenback

The Indian Rupee extended gaining streak against the greenback on Friday amid fresh selling of dollar by banks and exporters, while sustained fund inflows by foreign portfolio investors also boosted home currency’s movement. However, weakness in the domestic equity market restricted upmove.

At the Interbank Foreign Exchange Market, the local currency was up by 07 per cent to tra

Rupee trades 24 paise higher against greenback

The Indian Rupee were trading higher against the greenback on Thursday amid fresh selling of dollar by banks and exporters, while sustained fund inflows by foreign portfolio investors also boosted home currency’s movement. Adding to it, extended rally at the domestic equity market also contributed to rupee strength.

At the Interbank Foreign Exchange Market, the local currency wa

Asian currencies edge down as Macron relief rally fades

By Patturaja Murugaboopathy

Asian currencies edged down against the dollar on Tuesday, as the greenback regained ground lost to the euro and other currencies following a relief rally tied to the election of centrist French presidential candidate Emmanuel Macron.

The Indian rupee was the biggest loser in the region, shedding more than quarter of a percent against the dollar.

Rupee gains 15 paise against US dollar

The Indian Rupee were trading higher against the greenback on Monday amid fresh selling of dollar by banks and exporters, while fresh fund inflows by foreign portfolio investors boosted rupee’s movement.

Adding to it, firm trend at domestic equity market and Asian currencies markets also boosted home currency movement. At the Interbank Foreign Exchange Market, the local currency

China April FX reserves rise, remain above $3 trillion

BEIJING - China's foreign exchange reserves rose in April for a third straight month, beating market expectations, as capital control measures and a pause in the dollar's rally helped staunch capital outflows.

The April rise is reassuring news for policymakers after the yuan steadied as U.S. President Donald Trump backed away from labelling China a curren

China forex chief says no intention of competitive currency devaluation

BEIJING - China has no intention and no need to carry out competitive currency devaluations, the head of the country's foreign exchange regulator said.

In a weekend piece in the Chinese magazine Modern Bankers, Pan Gongsheng said the People's Bank of China's supplying of liquidity to the market was to prevent excessive fluctuations of the exchange rate and

Rupee continues losing spree against greenback as Fed turns hawkish

The Indian Rupee extended losing streak against the greenback on Friday amid sustained fund outflows by foreign funds and importers due to strong demand for the American currency. The US dollar was boosted by the Federal Reserve’s hawkish policy statement as the US central bank kept interest rate unchanged, but hinted that it was still on track for rate hike in June later this year.

Asia FX sentiment improves as worries over French elections ebb: Reuters poll

SINGAPORE  - Sentiment toward Asian currencies has improved from two weeks ago, as worries about the risk of an anti-establishment shock from the French presidential elections subsided, a Reuters poll showed on Thursday.

Bullish bets on the Taiwan dollar nearly doubled compared with the previous poll two weeks ago, and ballooned to the largest since February 2011

Pound steady, dismisses Brexit talk and positive data

By Ritvik Carvalho

LONDON  - Sterling held below seven-month highs versus the dollar on Wednesday, largely brushing off positive construction data and an initial round of posturing by Britain and the European Union over Brexit negotiations.

A better-than-expected construction PMI showing growth in Britain's construction industry touching a four-mont

Analysis - Sterling's election-led bounce breaks developing spiral

By Jamie McGeever

LONDON - The lift to sterling given by the prospect of a snap British election next month has, at least temporarily, broken a vicious circle of rapidly rising inflation that threatened to further undermine the economy and paint the central bank into a corner.

The currency's steep fall since June's Brexit referendum has aggravated in

Rupee strengthens by 08 paise to 64.36 against dollar

The Indian Rupee were trading higher against the greenback on Wednesday amid sustained selling of dollar by banks and exporters, while continued fund inflows by foreign portfolio investors boosted rupee’s movement.

However, muted trend at domestic equity market restricted day’s gain. At the Interbank Foreign Exchange Market, the local currency was up by 08 per cent to trad

China will step up checks on trade, investment in 2017

BEIJING - China will boost authenticity and compliance checks on trade and investment this year, its forex regulator said on Wednesday, and increase checks and punishment on illegal forex activities.

It also expects a surplus in the country's current account and a deficit in capital and financial accounts for 2017, the State Administration of Foreign Exchange (SAF

Chinese yuan, Indian rupee forecast to fall over coming year: Reuters poll

BENGALURU  - The Chinese yuan and Indian rupee are expected to weaken against the dollar over the coming year, a Reuters poll found, with the greenback supported by U.S. interest rate hikes, though analysts have trimmed their bearish bets on Asian currencies from the previous poll.

While markets do not expect the Federal Reserve to raise interest rates at its pol

Rupee traders higher against greenback

The Indian Rupee were trading higher with marginal gain against the greenback on Tuesday amid sustained selling of dollar by banks and exporters, while continued fund inflows by foreign portfolio investors boosted rupee’s movement. However, muted trend at domestic equity market restricted day’s gain.

At the Interbank Foreign Exchange Market, the local currency was up by 11

Bitcoin soars above $1,400 to all-time high

LONDON - Bitcoin surged to an all-time high above $1,400 on Tuesday, after more than tripling in value over the past year, with its most recent rise attributed to strong demand in Japan, where the digital currency has been deemed a legal means of payment.

Cryptocompare, a data website that analyses bitcoin trading across dozens of exchanges globally, said around 50 pe

U.S. first-quarter growth weakest in three years as consumer spending falters

WASHINGTON - The U.S. economy grew at its weakest pace in three years in the first quarter as consumer spending almost stalled, but a surge in business investment and wage growth suggested activity would regain momentum as the year progresses.

The soft patch at the start of the year is bad news for the Trump administration's ambitions to significantly boost growth

Profit-taking trips up Asian stocks, Korean won slips on Trump trade threat

SINGAPORE  - Asian stocks slipped on Friday as investors took profits after a strong week, while the Korean won weakened after U.S. President Donald Trump said he would renegotiate or terminate a trade deal with South Korea.

Britain's FTSE 100, Germany's DAX and France's CAC 40 are all poised for a flat start, according to spreadbetter CMC Markets, af

Euro zone economic sentiment rises to near 10-year high

BRUSSELS  - Euro zone economic sentiment climbed to a near 10-year high in April against expectations of almost no change as confidence in all sectors improved and inflation expectations dampened, EU data showed on Thursday.

The European Commission's monthly survey produced an overall index for the 19-country currency bloc of 109.6 from 108.0 in March, the hi

Rupee edges higher against US dollar

The Indian Rupee were trading higher with marginal gain against the greenback on Thursday amid sustained selling of dollar by banks and exporters, while continued fund inflows by foreign portfolio investors also boosted rupee’s movement. In the early trade, the rupee gained 14 paise to hit fresh high of 64.23 against the dollar.

The home currency was also supported by weakness i