Indian currency at 1-month high on FPI flows, weak dollar
Some analysts say that outcome could be positive for bonds and negative for the dollar if it leads to less fiscal stimulus
Stronger yuan, resumption of FPI flows into stocks bolster rupee
Brent crude futures fell by 39 cents, or 0.4% to $98.18 a barrel by 1306 GMT. U.S. West Texas Intermediate crude fell by 47 cents, or 0.51%, to $92.14
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"If it was not for the Iranian supply of weapons to the aggressor, we would be closer to peace now," Zelensky said Sunday evening in his daily address
The rupee settled at 82.44 per dollar on Friday versus 82.89 on Thursday
In contrast, Friday data showed euro zone business activity contracted last month at the fastest pace since late 2020
MSCI's broadest index of Asia-Pacific shares outside Japan was 1.09% higher, while Australia's S&P/ASX 200 index rose 0.27%.
The Japanese yen eased 0.2% against the dollar to 148.18, as traders continue to watch for any further official intervention to shore up the battered currency
Brent crude shed 44 cents, or 0.5%, to $95.72 a barrel at 0146 GMT, while US West Texas Intermediate (WTI) crude futures retreated 59 cents, or 0.7%, to $89.41
Against the weakening dollar, the euro and sterling edged up to $0.9890 and $1.1502, respectively
Markets widely expect the Fed to raise its benchmark overnight interest rate by 75 basis points (bps) to a range of 3.75% to 4.00%, the fourth such increase in a row
Oil importers' dollar purchases, breach of technical levels drag rupee lower
It's too soon to write off the dollar's dominance as the US rate-hike cycle may not be near its peak
The euro climbed back above parity against the dollar for the first time in a month on Wednesday after poor U.S. economic data reinforced speculation that the Federal Reserve will slow rate hikes
US shares were mixed on Monday as European markets were lifted by hopes that US interest rates could rise more slowly
The dollar weathered another suspected blast of Japanese intervention to rise against the yen on Monday, while European markets got a lift
The fall in foreign exchange reserves was primarily on account of a decline in the RBI's foreign currency assets that fell $2.8 billion on-week to $468.87 billion
Indian exporters are holding back on dollar sales on hopes of a further slide in the rupee, eyeing a windfall as the local currency plumbs record lows this year