Tag
Japan's yen surged after Tokyo issued a strong warning about possible currency market intervention to halt the yen's slide. The warning signals Japan may soon buy yen directly, which could jolt dollar and global bond markets. No confirmed intervention has been announced yet.
The Indian rupee gained on Friday after Reuters reported the Reserve Bank of India instructed state-run oil companies to curtail dollar purchases, reducing a key source of currency demand pressure. The move extends a two-week series of RBI measures that have narrowed the rupee's underperformance against Asian peers.
The Indian rupee emerged as Asia's top-performing currency after reports that oil refiners were instructed to meet their forex needs through a dedicated State Bank of India credit line. Redirecting refiner dollar demand away from the spot market reduces structural selling pressure on the rupee. Markets will track
The Reserve Bank of India has told state-run oil refiners to use a dedicated credit line for dollar purchases instead of buying on the spot market. The directive removes a major, recurring source of dollar demand from open trading, directly reducing depreciation pressure on the rupee. The RBI used comparable measures d
Tag
Japan's yen surged after Tokyo issued a strong warning about possible currency market intervention to halt the yen's slide. The warning signals Japan may soon buy yen directly, which could jolt dollar and global bond markets. No confirmed intervention has been announced yet.
2mo ago · 1 min · Global Affairs
The Indian rupee gained on Friday after Reuters reported the Reserve Bank of India instructed state-run oil companies to curtail dollar purchases, reducing a key source of currency demand pressure. The move extends a two-week series of RBI measures that have narrowed the rupee's underperformance against Asian peers.
2mo ago · 1 min · Markets
The Indian rupee emerged as Asia's top-performing currency after reports that oil refiners were instructed to meet their forex needs through a dedicated State Bank of India credit line. Redirecting refiner dollar demand away from the spot market reduces structural selling pressure on the rupee. Markets will track
2mo ago · 1 min · Markets
The Reserve Bank of India has told state-run oil refiners to use a dedicated credit line for dollar purchases instead of buying on the spot market. The directive removes a major, recurring source of dollar demand from open trading, directly reducing depreciation pressure on the rupee. The RBI used comparable measures d
2mo ago · 1 min · Economy
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