Malaysian Ringgit

Remarks by US Federal Reserve Chair Janet Yellen late Thursday suggesting the central bank could still raise rates this year sparked fresh selling on Friday, with the Malaysian ringgit and Indonesian rupiah falling to their lowest levels since the Asian financial crisis in 1998

Fed stimulus jitters dent Asian currencies

The Indonesian rupiah hit a near five-year low, succumbing to year-end corporate demand for the dollar. The rupiah fell to as low as 12,040 versus the dollar, its lowest level since March 2009, according to Thomson Reuters data.

HSBC expects rupee around 62/USD by year end

Paul Mackel of HSBC says there is still some very good yield in the Indian rupee, Malaysian ringgit and Brazilian real.

Rupee leads Asia forex gains on China stabilisation hopes

Sentiment was also lifted by easing concerns of a US military strike against Syria, which saw crude oil prices retreat. The rupee hit a two-week high.

Rupee at new low: Market braces for more RBI tightening

The rupee was expected to start on the back foot today because of the dollar strength versus emerging market currencies, but nobody was quite prepared for this kind of a fall in the rupee. RBI steps are not working as the rupee hit fresh lows and maybe now the market is tightening its belt for more tightening

Axiata Group posts 15% increase in profit in Apr-Jun

Malaysia's telecom giant Axiata Group today reported 15% rise in its profit to 663 million Malaysian ringgit during the April-June quarter, mainly on account of higher contribution from its operating unit, including India's Idea Cellular.