Rupee ends flat, wedged between weak Asian peers and exporters’ dollar sales
MUMBAI, April 2 (Reuters) - The Indian rupee ended little changed on Tuesday after hovering in a tight band through...
Asian Currency
The axis of evasion: Behind China’s oil trade with Iran and Russia
Oil revenue is a lifeline for the Iranian and Russian economies, but Western sanctions have jeopardized both countries’ ability to...
Keynote Speech by Governor Pan Gongsheng at the “Deepening Financial Cooperation in Asia” Session of Boao Forum for Asia Annual Conference 2024
Distinguished guests, Good morning! It’s my great pleasure to attend the Boao Forum for Asia Annual Conference. I would like...
As yuan skids, markets bet more depreciation is in store
SINGAPORE, March 27 (Reuters) - China's yuan is sliding and market participants suspect authorities are deliberately but slowly engineering a light depreciation of the currency, both to complement an easy monetary policy and to support exports.Several signals have stirred that speculation. While the yuan has declined roughly 2% this year against the dollar, it has become relatively less competitive as Japan's yen and currencies of other neighbours South Korea, Thailand and Taiwan drop more sharply.The People's Bank of China (PBOC) also appears to have loosened its grip on the yuan,...
Rupee falls to record low, cenbank likely steps in
MUMBAI, March 27 (Reuters) - The Indian rupee hit a record low on Wednesday on aggressive dollar bids by local...
Rupee likely to recover slightly after fall to record low, all eyes on RBI
MUMBAI, March 26 (Reuters) - The Indian rupee is likely to open mildly higher on Tuesday after slumping to a...
Morning Bid: Volatile yuan, fragile yen cool sentiment
Item 1 of 2 Chinese Yuan banknotes are seen in this illustration picture taken June 14, 2022. REUTERS/Florence Lo/Illustration/File PhotoChinese Yuan banknotes are seen in this illustration picture taken June 14, 2022. REUTERS/Florence Lo/Illustration/File Photo Purchase Licensing Rights, opens new tabMarch 26 (Reuters) - A look at the day ahead in Asian markets.Chinese markets will be under close scrutiny on Tuesday, as signs emerge that the recovery for much of this year in asset prices and investor sentiment may be fading as the first quarter draws to a close.The broader...
Yen steady after intervention warning, dollar dips
NEW YORK, March 25 (Reuters) - The yen was little changed on Monday, giving up earlier gains after Japan’s top...
China yuan slides to four-month low, state banks step in
SHANGHAI, March 22 (Reuters) - China's yuan declined to a four-month low against the dollar on Friday on expectations of...
Rupee hits record low, posts steepest weekly fall in seven months
MUMBAI, March 22 (Reuters) - The Indian rupee fell to a record low against the U.S. dollar on Friday, pressured...
