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  • Gold prices slide as Turkey upheaval buoys US dollar Mar 22, 2021 11:12 AM IST

    Gold prices slide as Turkey upheaval buoys US dollar

    Spot gold was down 0.2% at $1,741.19 per ounce by 0430 GMT, having dipped as much as 0.7% earlier in the session. U.S. gold futures were down 0.1% at $1,740.20 per ounce.

  • Asia stocks mostly steady, weather Turkish lira squall Mar 22, 2021 07:42 AM IST

    Asia stocks mostly steady, weather Turkish lira squall

    The dollar was trading 12% higher on the lira at 8.100, but that was off an early peak of 8.4850 amid speculation Turkish authorities would intervene to stem the rout.

  • Turkey says US waging 'economic war', lira weakens Aug 23, 2018 06:55 PM IST

    Turkey says US waging 'economic war', lira weakens

    Turkish President Tayyip Erdogan's spokesman said Washington must respect the legal process concerning the pastor, Andrew Brunson.

  • No respite for rupee, might be inching towards Rs 72-73/USD soon Aug 16, 2018 11:18 AM IST

    No respite for rupee, might be inching towards Rs 72-73/USD soon

    We maintain a view of further weakness in the Indian rupee and if we see the fundamentals deteriorating on the deficit front and on the fiscal side before elections then we could see the pair inching towards 72-73 soon.

  • Amid sinking rupee, Indian mutual funds keep FIIs from making heavy losses Aug 14, 2018 06:11 PM IST

    Amid sinking rupee, Indian mutual funds keep FIIs from making heavy losses

    The benchmark 50-stock Nifty index is up 8.5 percent for the calendar, despite the rupee depreciating 9.23 percent against the US dollar.

  • Opinion | Is Turkey leading world markets to the next crisis? Aug 14, 2018 11:04 AM IST

    Opinion | Is Turkey leading world markets to the next crisis?

    Turkey was in the same league as India and China and among the fastest growing economies in the world, but addiction to cheap money has destroyed its foundation

  • Indian rupee crashes to all-time low of 69.91 on Turkish Lira shock Aug 13, 2018 05:52 PM IST

    Indian rupee crashes to all-time low of 69.91 on Turkish Lira shock

    The US dollar strengthened against the would currencies after the Turkish Lira dived almost 8 per cent, sparking a sell-off in global markets.

  • Turkey lira crashes as Donald Trump piles on pressure Aug 11, 2018 10:15 AM IST

    Turkey lira crashes as Donald Trump piles on pressure

    Compounding the lira's agony, President Donald Trump said yesterday he had doubled steel and aluminium tariffs on Turkey, noting that relations between the NATO allies were "not very good".

  • Why Turkey is hurtling towards a currency crisis Mar 07, 2015 02:41 PM IST

    Why Turkey is hurtling towards a currency crisis

    Over the past week, Turkish President Tayyip Erdogan`s administration has lashed out at the central bank, urging it to aggressively lower interest rates to shore up economic growth ahead of general elections in June.

  • China is now cheaper than Turkey Feb 12, 2014 09:10 AM IST

    China is now cheaper than Turkey

    Some are predicting a big jump in China equities. JPMorgan expects a 15-20 percent rebound, to an implied 10 times earnings, in coming weeks as focus shifts to two key political meetings which should kickstart the country`s reform agenda.

  • Emerging markets buffeted by bipolar world Feb 05, 2014 12:45 PM IST

    Emerging markets buffeted by bipolar world

    For much of 2013, the investor narrative was that currencies and stock markets from Mumbai to Moscow and Istanbul to Johannesburg were running aground as Federal Reserve largesse ebbed away.

  • Why an emerging markets panic may be justified Jan 31, 2014 08:49 AM IST

    Why an emerging markets panic may be justified

    Emerging market economies are bigger and more closely linked to developed market economies than ever before and the term can seem increasingly obsolete when applied to a country like China -- the world's second biggest economy.

  • Turkey makes massive rate hikes to stem lira fall Jan 29, 2014 10:10 AM IST

    Turkey makes massive rate hikes to stem lira fall

    The bank raised its overnight lending rate to 12 percent from 7.75 percent, its one-week repo rate to 10 percent from 4.5 percent, and its overnight borrowing rate to 8 percent from 3.5 percent - all much sharper moves than economists had forecast.

  • More pain ahead for battered EMs currencies, options show Aug 28, 2013 09:24 AM IST

    More pain ahead for battered EMs currencies, options show

    One-month implied volatility, a gauge of expected swings in some emerging market currencies and derived from options prices, has jumped to its highest in years, reflecting investor nervousness.

  • Rupee not alone; most EM currencies see similar hammering Aug 22, 2013 01:47 PM IST

    Rupee not alone; most EM currencies see similar hammering

    This is its record low and makes place for itself in one of the worst performing currency space along with the Brazilian real. The currency is down around 15-16 percent all the way since May 22.

  • 'Mamma mia!' has Super Mario succeeded in saving Europe? Jul 26, 2013 09:38 AM IST

    'Mamma mia!' has Super Mario succeeded in saving Europe?

    The prospect of a central banker from the land of the lira, "a currency with a ludicrous amount of zeros" in which a bus ticket used to cost over 1,000 currency units was less than appealing.

  • Hot money exodus sends currency wars into reverse Jul 09, 2013 11:37 AM IST

    Hot money exodus sends currency wars into reverse

    It's all a far cry from a year or so ago, when emerging market exporters were battling rising exchange rates and Brazil was accusing Western policymakers of waging currency wars by flooding the world with cheap money.

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