Foreign Exchange Market

Why investors are split over the dollar’s fate as US shutdown ends

The US shutdown may have given the dollar a break from volatility but its effect on the economy could hurt the greenback.

IMF warnings on forex market that policymakers must heed

India’s share in global forex market is tiny, but is not immune to volatility

Chart of the Day: Why the rupee is losing even when the dollar is weak

Liquidity compulsions and forex reserves optics will keep the RBI an active foreign exchange market participant

Chart of the Day: Is RBI the biggest trader in town, again?

Bond market operations may invariably necessitate foreign exchange market intervention

Why the renminbi won’t take down the dollar

As the world gradually splits into blocs led by the US and China, there are expectations that the renminbi will start to challenge the dollar’s position as the world’s reserve currency. These expectations may be proven wrong, economists say.

Rupee falls 8 paise to 82.88 against US dollar

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 1.39 per cent to 112.89.

Former Iranian central bank chief sentenced to 10 years on corruption charges

Valiollah Seif and two of his deputies, who also received jail terms, were found guilty of "disturbing the foreign exchange market, the country's economic climate and mismanagement," a judiciary spokesman was quoted as saying by state media.

Rupee settles 14 paise down at 71.02 against dollar

Forex traders said market sentiment remained fragile ahead of the US-China trade meeting.

China FX regulator says strengthening supervision of forex mkt

Chinese authorities have taken a raft of steps in recent months to curb capital flight from the country to support the weakening yuan currency, while trying to attract more foreign investment.

China should stop intervening in forex market and let yuan float

Xiao Lisheng, a finance expert with the Chinese Academy of Social Sciences, made the remarks in an article on Monday in the official China Securities Journal amid a growing debate among the country's economists on whether authorities should let the closely-managed currency trade more freely.

RBI intervenes as rupee falls to near record low

The rupee was trading between 68.81 and 68.83 per dollar, compared with its close of 68.56 on Wednesday.

Samsung's damaging smartphone crisis could put screws on won

On Thursday, the Bank of Korea (BOK) warned that overall exports could suffer from Samsung scrapping production of the fire-prone Galaxy 7 smartphone, highlighting how the setback at the nation's largest company is spreading to the broader economy.

RBI net seller of dollars in August, sells $1.559 bn

After remaining net purchaser of dollars for the first four months of the current fiscal, the Reserve Bank sold a net of USD 1.559 billion in August in the spot market.

Rupee trims early losses, still down 7 paise against dollar

The rupee opened lower at 63.22 against last closing level of 63.15 at the Interbank Foreign Exchange market. Then it slid further to 63.28 before quoting again at 63.22 at 1100 hrs.

Argentine peso suffers steepest daily fall since 2002

Having shed more than 30 percent of its reserves last year, the central bank this week abandoned its policy of supporting the peso by intervening in the foreign exchange market.

China makes right noises on yuan, but doubts remain

On Tuesday after China's central bank reiterated its plan to gradually stop intervening in its foreign exchange market, the dollar index, which trades against other major currencies, slipped 0.3 percent.

Rupee slips 62.60/$; posts 1st monthly gain in five

The local currency's decline was restricted by some weakness in the dollar overseas on concerns of a US budgetary impasse.

Rupee plunges to historic low of 64.45 vs dollar

Continuing its downslide, the Indian rupee tumbled to an all-time low of 64.45 against the dollar in late afternoon trade today.The slide was triggered by sustained dollar demand from banks and importers.

Rupee bounces back from record-low close to 60.88/$

The rupee today recovered from all-time closing low, adding 42 paise to end at 60.88 against the dollar amid expectations the government would announce fresh steps to support the local currency.

India rupee down 16 paisa Vs dollar in early trade

The rupee today fell by 16 paise to 54.53 against the dollar in early trade at the Interbank Foreign Exchange market in line with weak local equities, following withdrawal of support by DMK to the Congress-led UPA government, despite RBI cutting its short-term lending rate.