ASIAN CURRENCIES
Rupee inches higher tracking gains in most Asian peers
The Indian rupee reached 83.4625 against the U.S. dollar, aided by a weaker dollar index and gains in yen and yuan. Brent crude prices eased. The U.S. jobs report and bond yields will impact Federal Reserve rate forecasts. Importers' hedging may limit rupee gains. Lloyd Chan of MUFG Bank expects the dollar to weaken as U.S. job market softens.
Global stocks hit peak level before US jobs data: Markets wrap
Global equities maintain record highs ahead of US jobs data. Markets anticipate potential Fed rate cuts. Emerging market equities benefit from soft US economic data. UK Labour Party projected to win big, impacting Conservative performance. France prepares for final round of parliamentary elections.
Rupee ends little changed; corporate dollar bids counter likely inflows
Investors eagerly anticipate the release of U.S. labor market data and minutes from the Federal Reserve's recent policy meeting. Both BSE Sensex and Nifty 50 ended the session at record highs, reflecting positive market sentiment.
Rupee nearly flat wedged between yuan weakness, dip in US bond yields
Indian rupee's stability faces uncertainty pending the release of Fed's policy meeting minutes and U.S. ADP employment data for potential impact on future U.S. policy rates.
Rupee ends lower pressured by weaker yuan, importer dollar bids
Rupee under pressure as economy cools and FX reserves build up. Investors expect U.S. rate cuts, impacting rupee. Despite importers' dollar demand, rupee may strengthen with inflows. Interest rate futures hint at rate cuts ahead, influencing market sentiment.
Rupee declines pressured by weak Asian peers, oil companies' dollar bids
Indian rupee weakens as Asian currencies fall amid strong dollar demand. US bond yield rise impacts currencies, with Chinese yuan and Korean won leading losses.
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Rupee closes higher, outperforms most Asian peers in first half of 2024
RBI interventions and global economic factors propelled the rupee's resilience. The JPMorgan index inclusion and current account surplus contributed to the rupee's strength against the dollar amidst changing global market dynamics.
Asia stocks down, yen slump keeps markets on intervention alert
Asian shares fell on inflation worries, pushing bond yields higher. The yen's decline raised intervention fears. The dollar surged against major currencies. Markets reacted to unexpected inflation hikes. Uncertainties in commodity markets added to the jittery mood.
Battered yen pinned near multi-decade low amid resilient dollar
U.S. Treasury yields drive market dynamics as the yen weakens, impacting global currencies. Analysts await U.S. PCE data for potential Japanese intervention, while political uncertainties in Europe add to market volatility. Higher U.S. yields influence bond markets globally, affecting currencies like Sterling and Antipodean currencies against a strong dollar.
Rupee closes higher on uptick in Asian FX, foreign banks' dollar sales
The Indian rupee closed stronger on Monday at 83.4600 against the U.S. dollar, supported by gains in most Asian currencies. The Indonesian rupiah led the gains, while dollar sales from foreign banks helped the rupee, despite oil companies' bids eroding some gains.
China's yuan steady near 7-month lows as traders eye yen and data
China's yuan weakens against the dollar as foreign investors avoid the stock market. Analysts suspect currency manipulation by Beijing to maintain stability and competitiveness.
China's yuan slips to fresh 7-month lows as outflows mount
China's yuan dips to a fresh seven-month low against the dollar due to portfolio outflows and speculation about the central bank's actions.
Rupee at new low of 83.65 on strength in greenback
The Indian rupee weakened to a record low against the US dollar due to broad gains in the American currency and corporate outflows. The Reserve Bank of India intervened but refrained from significant action. The Chinese Yuan's weakness and corporate outflows also contributed to the rupee's decline, as noted by Shinhan Bank's vice-president.
Rupee squeezed by weak Asia, to be likely boosted by positional flows
Rupee squeezed by weak Asia, to be likely boosted by positional flows
Dollar slips on cooler US inflation; yen fragile ahead of BOJ
Asian currencies were strong against a weaker dollar due to U.S. inflation concerns. The yen faced pressure ahead of the Bank of Japan meeting and as Fed policymakers hinted at maintaining high rates.
Rupee falls though Asian peers gain; forward premiums tick up
Indian rupee weakens on Federal Reserve rate cut expectations. RBI intervention counters pressure from weak national election results and foreign equity outflows.
Rupee falls on month-end dollar demand; election results in focus
The Indian rupee declined on Friday, pressured by month-end dollar demand from importers, with investors awaiting the outcome of the country's general elections for fresh cues.
Rupee slips on importer dollar demand, forward premiums inch up
The dollar index slipped below the 104.5 mark, extending its losses from Monday, while most Asian currencies ticked up, with the Korean won up 0.4% and leading gains.
Citi sees rupee a favorite in Asia as India joins key bond index
Citigroup Inc. remains positive on the Indian rupee's outperformance, citing strong fundamentals, a narrowing current account deficit, and growing expectations on inflows around India's inclusion in a global bond index.
Rupee closes mildly weaker, forward premiums slip
The Indian rupee closed slightly down on Monday, unable to build on recent gains as local dollar demand pressured the currency even as most of its Asian peers rose.
Indian rupee rallies to two-month high on likely dollar inflows
The Indian rupee rose to a two-month peak on Friday, boosted by likely strong dollar inflows into domestic equities even as most Asian currencies declined pressured by a rise U.S. bond yields.
Rupee touches six-week high on likely dollar inflows; forward premiums decline
INDIA-MARKETS/INDIA RUPEE-Rupee touches six-week high on likely dollar inflows; forward premiums decline
Rupee ends slightly higher even as most Asian currencies slip
"Think we'll see it drift lower towards 83.50 again," a foreign exchange trader at a foreign bank said, adding that weakness beyond that is unlikely given the likelihood of intervention by the Reserve Bank of India.
Rupee opens on flat note against US dollar in early trade
At the interbank foreign exchange market, the local unit moved in a narrow range. It opened at 83.50 against the American currency and touched 83.49 in the initial trade.
Rupee ends flat; oil cos, foreign banks' dollar demand offsets rise in Asia FX
The Indian rupee closed flat on Thursday as dollar demand from local oil companies and likely equity-related outflows weighed on the local unit even as most other Asian currencies rallied.
Rupee gains but lags behind Asian peers, forward premiums rise
The rupee was at 83.46 against the U.S. dollar as of 09:40 a.m. IST, up from its previous close at 83.50.
Rupee ends marginally lower tracking weak Asian currencies; US CPI awaited
The rupee ended at 83.53 to the U.S. dollar, down from 83.50 in the previous session. The domestic unit traded in a narrow four-paise range in Monday's session.
Rupee ends little changed; forward premiums inch up
The Indian rupee closed nearly flat on Wednesday as expectations that the Reserve Bank of India would likely intervene to cap a sharp weakness supported the local currency despite a decline in its Asian peers.
Rupee ends flat as state-run banks' dollar sales offset fall in Asian peers
The rupee closed at 83.5075 against the U.S. dollar, against 83.4875 in the previous session. It hovered in a tight band of 83.4775 and 83.5175 during the session.
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