India's Forex reserves surge by $1.25 bn

India's foreign exchange (Forex) reserves rose by $1.25 billion as on April 21, 2017, official data showed on Friday.

According to the Reserve Bank of India's weekly statistical supplement, the overall Forex reserves increased to $371.13 billion from $369.88 billion reported for the week ended April 14.

India's Forex reserves comprise of foreign currency assets (

RBI sets rupee reference rate at 64.1141 against dollar

The Reserve Bank of India today fixed the reference rate of the rupee at 64.1141 against the US dollar and 69.8908 for the euro. The corresponding rates were 64.0013 and 70.0430 on yesterday. According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 82.5854 and 57.60 per 100 yens, respectively, based on reference rates for the dollar and cross-currency q

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

RBI sets rupee reference rate at 64.0013 against dollar

The Reserve Bank of India (RBI) today fixed the reference rate of the rupee at 64.0013 against the US dollar and 70.0430 for the euro.

The corresponding rates were 64.2776 and 69.8569 previously. According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 82.1265 and 57.47 per 100 yens, respectively, based on reference rates for the dollar and cr

Donald Trump tax plan will sharply slash corporate tax rates

WASHINGTON  - U.S. President Donald Trump is proposing to slash the corporate income tax rate and offer multinational businesses a steep tax break on overseas profits brought into the United States, officials said late on Tuesday.

With financial markets eagerly anticipating a White House tax plan, Trump will also call for a sharp cut in the top rate on pass-throu

Asian currencies rise as French vote relief boosts risk sentiment

Most emerging Asian currencies rose against the U.S. dollar on Tuesday as continued relief from the outcome of the first phase of French elections supported appetite for assets such as stocks and developing market foreign exchange.

In Asia, ringgit and rupiah moved higher after they reopened following market holidays. The ringgit was the region's top gainer, hitting a five-month p

RBI sets rupee reference rate at 64.4757 against dollar

The Reserve Bank of India today fixed the reference rate of the rupee at 64.4757 against the US dollar and 69.9884 for the euro. The corresponding rates were 64.5701 and 69.1675 on Friday. According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 82.4580 and 58.56 per 100 yens, respectively, based on reference rates for the dollar and cross-currency quot

Rupee surges 13 paise to 64.50 against greenback

The Indian Rupee were trading 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 rupee movement.

The home currency was also supported by weak dollar and firmness in equity market. At the Interbank Foreign Exchange Market, the local currency was up by 13 per cent to trade a

Copper futures drop 0.21% on subdued demand

Copper futures were trading lower during afternoon trade in the domestic market on Friday as investors and speculators exited their positions in the industrial metal on diminishing demand amid firmer US dollar.

Further, concerns that China's base metals demand could temper in the coming quarter as Beijing acts on runaway property prices, too added to the down move in copper prices

RBI sets rupee reference rate at 64.5701 against dollar

The Reserve Bank of India today fixed the reference rate of the rupee at 64.5701 against the US dollar and 69.1675 for the euro.

The corresponding rates were 64.6364 and 69.3355 on yesterday. According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 82.7014 and 59.03 per 100 yens, respectively, based on reference rates for the dollar and cross-

RBI sets rupee reference rate at 64.6364 against dollar

The Reserve Bank of India on Thursday fixed the reference rate of the rupee at 64.6364 against the US dollar and 69.3355 for the euro. The corresponding rates were 64.5443 and 69.1915 on Wednesday.

According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 82.8057 and 59.35 per 100 yens, respectively, based on reference rates for the dollar and

Rupee edges lower against US dollar

The Indian Rupee was trading lower against the greenback on Thursday amid fund outflows by foreign funds and importers due to strong demand for the American currency.

Early today, the home currency opened 07 paise down at 64.70 against dollar, but firm trading across the domestic equity market capped the decline. At the Interbank Foreign Exchange Market, the local currency was trading

Gold steady on safe-haven demand amid North Korea, France concerns

By Sethuraman N R

Gold prices held firm on Thursday after falling as much as 1 percent the previous day, with tensions surrounding North Korea and the upcoming French presidential election driving safe-haven demand.

Spot gold was mostly unchanged at $1,278.74 per ounce at 0756 GMT. The metal fell 0.8 percent on Wednesday in its worst one-day drop in over a month.

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Analysis - Reflation trades of 2016 deflate with remarkable speed

By Jamie McGeever

LONDON - Stocks, bond yields and the dollar are all falling, yield curves are flattening and sterling is marching higher. The "reflation" trades of 2016 that were supposed to mark a turning point in global markets are fading.

Fast.

The question for investors is whether this is the play book for the rest of the year, or w

RBI sets rupee reference rate at 64.5443 against dollar

The Reserve Bank of India today fixed the reference rate of the rupee at 64.5443 against the US dollar and 69.1915 for the euro.

The corresponding rates were 64.5657 and 68.7431 on yesterday. According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 82.7458 and 59.39 per 100 yens, respectively, based on reference rates for the dollar and cross-

Gold slips as dollar and Treasury yields rise

By Marcy Nicholson and Zandi Shabalala

NEW YORK/LONDON  - Gold fell 1 percent on Wednesday as the dollar and stocks gained, though tensions over North Korea and upcoming French and UK elections underpinned demand in the safe-haven asset.

Spot gold  fell as low as $1,275.73 per ounce, and was last trading down 0.8 percent at $1,279.54 by 3:24 p.m. E

19/04/2017 10:12:19 AM | Posted in Commodity Top News read full news
Sterling gets market's vote, stocks cold-shouldered

By Wayne Cole

SYDNEY - Sterling stole centre stage in Asia on Wednesday amid speculation Britain's surprise decision to call a snap election could ultimately deliver a more market-friendly outcome in its divorce from the European Union.

Safe-haven bonds also held onto most of their recent gains ahead of presidential elections in France and on escalating

RBI sets rupee reference rate at 64.5657 against dollar

The Reserve Bank of India today fixed the reference rate of the rupee at 64.5657 against the US dollar and 68.7431 for the euro. The corresponding rates were 64.4053 and 68.4049 on last Monday.

According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 81.1785 and 59.22 per 100 yens, respectively, based on reference rates for the dollar and cros

Dollar/yen off five-month low but U.S.-Japan trade issues limit rise

By Shinichi Saoshiro

TOKYO - The dollar pulled away from five-month lows versus the yen on Tuesday, with comments from U.S. Treasury Secretary Steven Mnuchin and higher debt yields giving the bruised greenback some breathing space.

Still, the dollar was capped by nervousness about Tuesday's economic dialogue between the United States and Japan. Lingering

Gold steady as dollar dips, geo-political tensions simmer

By Maytaal Angel

LONDON - Gold was steady on Tuesday after hitting a five-month peak the previous session, bolstered by a softer dollar, North Korea tensions and nervousness ahead of the French presidential election.

The dollar index fell near a three-week low on disappointing U.S. housing starts data and nerves over trade talks between the United States and

Asia stocks mixed, dollar subdued amid North Korea concerns

By Nichola Saminather

SINGAPORE - Asian stocks were mixed on Tuesday and the dollar gave up the gains it had made when the U.S. Treasury Secretary spoke in support of a stronger currency as escalating tensions around North Korea dragged sentiment lower.

Financial spreadbetters predict a mixed start for European stocks, with Britain's FTSE 100 set to open

RBI sets rupee reference rate at 64.4053 against dollar

The Reserve Bank of India today fixed the reference rate of the rupee at 64.4053 against the US dollar and 68.4049 for the euro. The corresponding rates were 64.3165 and 68.6193 on last Friday.

According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 80.7192 and 59.39 per 100 yens, respectively, based on reference rates for the dollar and cros

Asia FX rises as dollar loses lustre; Philippine peso pares gains

By Aparajita Saxena

Asian currencies rose on Monday as falls in the U.S. stock market and Treasury yields kept the U.S. dollar range-bound, and made regional currencies relatively more attractive bets.

Downside to the U.S. dollar and government bond yields came from President Donald Trump's verbal intervention on Thursday, when he told the Wall Street Journal the dollar

Stocks bounce as earnings in focus; dollar steadies on Mnuchin

By Caroline Valetkevitch

NEW YORK - U.S. stocks rose after three straight sessions of losses as investors shifted their focus to earnings and the greenback steadied after Treasury Secretary Steven Mnuchin said dollar strength is good over long periods of time.

Mnuchin, in comments to the Financial Times, also said U.S. President Donald Trump's recent remarks that the dol

Global sovereign fund assets stall at $6.59 trillion - Preqin

LONDON  - Sovereign wealth fund (SWF) assets all but stalled at $6.59 trillion in the year to March 2017 due to a combination of weak markets, low oil prices and shifts in government policy, a report from research provider Preqin showed.

Total assets under management have levelled off in the last two years, with growth of just 3 percent in 2015 and 1 percent in 2