Sep 23, 2016 at 14:34 | Source: Reuters
Markit's composite survey showed a big split between buoyant manufacturers and struggling service industry firms and a similar divide in growth rates among members of the currency union.
Sep 23, 2016 at 11:17 | Source: Moneycontrol.com
According to Angel Broking, Rupee is likely to trade higher in todays trading session tracking gains in Asian market equities after the US Fed left the policy rates unchanged. This will keep the DX pressurized in turn boosting the demand for the Indian currency.
Sep 22, 2016 at 09:43 | Source: Moneycontrol.com
According to Angel Broking, Rupee is likely to trade higher in todays trading session as markets discount the FOMC and BoJ monetary policy review where the interest rates was left unchanged. Weakness in the DX will in turn boost the demand of the Indian Rupee.
Sep 19, 2016 at 11:00 | Source: Moneycontrol.com
According to Angel Broking, Rupee is likely to trade lower as markets indulge in speculation ahead of central bank meetings in the US and Japan this week. Robust release of inflation rate from the US has increased the chances of a rate hike which will keep the DX strong.
Sep 16, 2016 at 08:15 | Source: Reuters
Desperate to stimulate growth, encourage capital investment and reverse price declines, the Bank of Japan has embraced negative interest rates, bought up massive amounts of bonds and snapped up riskier assets such as exchange-traded funds.
Sep 15, 2016 at 16:07 | Source: CNBC-TV18
Keeping exchange rate undervalued is a dangerous strategy and can have unintended consequences, says Jahangir Aziz, Chief Emerging Asia Economist at JP Morgan sharing his view with CNBC-TV18 on news the commerce ministry is considering rupee devaluation to support exports.
Sep 15, 2016 at 15:04 | Source: PTI
As part of the strategy to boost both exports of goods and services in the long run, the ministry is working on the three important pillars -- exchange rate, visa regime and freight rates, an official said.
Sep 09, 2016 at 10:04 | Source: PTI
The rupee today lost 13 paise to 66.55 against the US dollar in early trade at the inter-bank foreign exchange market on increased demand for the US currency fromimporters and banks.
Sep 09, 2016 at 08:14 | Source: PTI
Hong Kong, Sep 8 (AFP) Asian markets mostly fell todayfollowing a recent run of gains but Hong Kong and Shanghaitraders cheered data showing Chinese imports rose in Augustfor the first time in almost two years.Regional shares have enjoyed a strong run since the startof the month, fuelled by optimism about the state of the USeconomy and the prospects of borrowing costs being kept atultra-low levels until at least December.But the rally petered out today as investors put theirfoot on the brake.Tokyo was down 0.8 per cent in the afternoon but thestandout performer was Nintendo, which soared on news it haddeveloped an exclusive Super Mario game for Apple.Sydney lost one per cent and Seoul shed 0.2 per cent.Singapore, Wellington and Bangkok also suffered sharp losses."Volatility, or the lack thereof, is still the key driverin financial markets," Chris Weston, chief markets strategistin Melbourne at IG Ltd, said in an email, according toBloomberg News."The Fed are not going to raise rates this year if theytruly are data dependent and if they hike in December it wouldbe an admittance that they are more dictated by a calendar-based guidance."But Hong Kong was up 0.4 per cent by the break whileShanghai pared almost all its early losses to end the morningflat following the Chinese figures.China's customs department said August imports rose 1.5per cent on-year, the first increase in 22 months, whileexports fell less than expected thanks to weakness in thecountry's yuan currency.The figures marked a sharp turnaround from July and willraise hopes the world's number two economy and key driver ofglobal growth is stabilising after years of slowing growth.The economy grew last year at its slowest pace in a quarter ofa century.In Tokyo gaming giant Nintendo soared 18 per cent at onepoint after it announced with Apple that "Super Mario Run"would be available on the App Store this year. It ended themorning up 13.2 per cent.The news came after the global success of mobile gamePokemon Go, based other Nintendo characters, which has nowbeen downloaded about half a billion times.However, Japanese investors were left unimpressed byfigures showing the economy grew just 0.7 per cent on anannualised basis in April-June, well down from the 2.1 percent seen in the previous three months..
Sep 07, 2016 at 19:38 | Source: PTI
The rupee today appreciated by 15 paise to close at four-month high of 66.37 against the US currency, extending its gaining spree for the sixth session in a row.