Asian currencies subdued; shrug off North Korea missile test

By Ambar Warrick

Asian currencies paled against a stronger U.S. dollar on Monday, with markets little fazed by a ballistic missile test by North Korea, but trading was subdued as key financial markets were closed.

The dollar index was up about 0.03 percent against a basket of currencies, extending Friday's rally when it hit a one-week high on positively revised U.S. gros

India's Forex reserves surge by over $4 bn

India's foreign exchange (Forex) reserves rose by over $4 billion as on May 19, 2017.

The Reserve Bank of India's (RBI) weekly statistical supplement released on Friday showed that the overall Forex reserves increased by $4.03 billion to $379.31 billion from $375.27 billion reported for the week ended May 12.

India's Forex reserves comprise of foreign currency as

Pound suffers biggest one-day fall since January as Conservative lead slides

By Patrick Graham and Vikram Subhedar

LONDON - Sterling suffered its steepest fall since January on Friday after an opinion poll showed the governing Conservatives' lead over the Labour opposition down to just 5 percentage points less than two weeks before a parliamentary election.

The pound sank against the euro and by more than 1 percentage point again

Rupee gains 04 paise against US dollar

The Indian Rupee extended rally 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.

Firmness in the domestic equity market, after reports of increase in pre-monsoon showers across the India, also gave a lift to rupee movement. At the Interbank Forei

Ballooning Chinese dollar borrowing a dilemma for index trackers

By Sujata Rao and Saikat Chatterjee

LONDON/HONG KONG- Record-breaking dollar bond sales from Chinese companies are steadily increasing China's weight in global indexes, raising concerns about overexposure among investors who track them.

Corporates' rapid move onto offshore bond markets, partly a response to the crackdown on runaway credit growth at h

Asian currencies rise on Fed minutes; yuan shoots to 2-month high

By Rushil Dutta

 Asian currencies were firm on Thursday after the minutes of the U.S. Federal Reserve's last meeting showed policymakers favouring a gradual approach to interest rate hikes, with the yuan hitting two-month highs on state-driven dollar selling after Moody's downgraded China's debt ratings.

The yuan rose about 0.2 percent to its strongest level

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

Asian currencies firm as soft U.S. manufacturing data dents dollar

By Shashwat Pradhan

Most Asian currencies climbed on Tuesday as the dollar came under pressure after a weak U.S. manufacturing report trimmed expectations of a U.S. rate increase next month, a key factor behind the dollar's gains in recent weeks.

The New York Federal Reserve said on Monday its barometer on business activity in New York state unexpectedly fell in May, sin

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

Asian currencies brush aside concerns over cyber attack, North Korea threats

By Shashwat Pradhan

Most Asian currencies edged up against the dollar on Monday, shrugging off threats from a ransomware attack that locked up more than 200,000 computers in more than 150 countries, and a missile test by North Korea.

The weekend cyber attack, which slowed down after a security researcher stumbled on a way to at least temporarily limit the worm's spread,

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

Rupee slips 23 paise to 64.70 on strong dollar demand

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

At the Interbank Foreign Exchange Market, the local currency was trading 23 paise lower at 64.70 per dollar against the previous close of 64.47 at 13:00 hour. During the day’s trade so far, the rupee touched an

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

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