Page 21 - Currency

US Fed surprise may herald new era of Asian currency weakness

Almost all developing Asian currencies were lower against the greenback after Fed released forecasts that showed officials anticipate two interest-rate increases by end of 2023, sooner than thought.

Rupee depreciates 33 paise to 73.65 against US dollar in early trade

The Indian rupee slipped 33 paise to 73.65 against the US dollar in early trade on Thursday, amid the strengthening of the greenback in the overseas market

Record run in emerging-market currencies is now stirring worry

Meanwhile, implied volatility in developing currencies is rising for the first time in two weeks, according to a JPMorgan Chase & Co. gauge, raising hedging costs and denting the appeal of higher-yiel

Dollar little changed as traders seek direction from Fed Reserve meeting

The yen was at 109.715, after weakening to 109.840 on Friday for the first time since June 4

El Salvador becomes first country to adopt Bitcoin as legal tender

The move to make the virtual coin legal tender is a rare slice of good news for the largest cryptocurrency, which is struggling to recover from a rout in May.

Rupee depreciattes 16 paise to 73.07 against US dollar in early trade

The Indian rupee slumped 16 paise to 73.07 against the US dollar in opening trade on Friday after the Reserve Bank kept policy rates unchanged for the sixth time in a row

Rupee depreciates 9 paise to 73.18 against US dollar in early trade

The Indian rupee slumped 9 paise to 73.18 against the US dollar in opening trade on Thursday tracking strengthening of the American currency in the overseas market.

Rupee depreciates 27 paise to 73.17 against US dollar in early trade

The Indian rupee slumped 27 paise to 73.17 against the US dollar in opening trade on Wednesday tracking weak domestic equities and strong American currency

Rupee falls for 2nd day, declines 28 paise to 72.90 against dollar

Extending losses for the second straight session, the rupee on Tuesday fell by another 28 paise to end at 72.90 against the US dollar in line with muted domestic equities

Rupee comes back stronger on bets India's Covid crisis may be easing

India's currency has climbed 1.5% against the dollar in May to beat all its regional peers as the nation's daily infections decline.

Unfair charge

India is not using currency to gain unfair advantage

US keeps India, 10 others in the currency practices monitoring list

Other countries named by the Department of Treasury in its quarterly report to Congress, the first under the Biden administration, are Ireland, Malaysia, Singapore, Thailand and Mexico

From best to worst: Rupee tumbles in 2 weeks on Covid, poised for more loss

Traders are concerned that the rupee's tailwinds could start fading. Rising commodity prices may push the current-account into a deficit in the fiscal year that started in April

Demonetised currency notes worth Rs 48 mn seized in Tamil Nadu's Sivaganga

The police on Monday seized Rs 48 million in demonetised currency notes from Kalayarkoil area of Tamil Nadu's Sivaganga district

Rupee falls by 18 paise to close at Rs 73.30 against the US dollar

The rupee declined by 18 paise to close at 73.30 (provisional) against the US currency on strong American currency and risk aversion in the domestic market amid concerns over rising Covid-19 cases

Biggest rupee bear sees Asia's top performing currency hitting one-year low

Rupee is a surprise winner in Asia this year as expectations of an economic recovery, a rare current-account surplus and massive foreign inflows have shielded it from the impact of rising US yields

Investors turn bearish on Asian currencies for 1st time in a year: Report

Investors were bearish on all Asian currencies for the first time in a year as US economic outperformance and new lockdowns elsewhere muddy the outlook for risk assets

Rupee widens loss by 7 paise to 72.62 against US dollar in early trade

The Indian rupee furthered its loss by another 7 paise to 72.62 against the US dollar in early trade on Thursday amid growing concerns over surging coronavirus cases globally

J-K Security Committee discusses cyber crimes, currency management

Principal Secretary Home Department of Jammu and Kashmir, Shaleen Kabra on Wednesday chaired a meeting to discuss the need to detect fake currency notes while also cautioning about online frauds

Rupee falls 10 paise to Rs 72.53 against US dollar in early trade

The rupee depreciated by 10 paise to 72.53 against the US dollar in opening trade on Wednesday, following a heavy selloff in domestic equities and strong American currency in the overseas market