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Forex

Dollar tops 100 mark against yen
The dollar topped the 100-yen mark on Thursday as the greenback won support from growing expectations of strong US jobs data while the Bank of Japan issued an upbeat assessment of the world’s third-largest economy.
Pressure on currencies eases
Central bank action lifted some emerging market currencies off lows on Wednesday but higher US yields and the likelihood of military action against Syria kept the sector under pressure.
Rupee closes in on record low
The rupee closed in on its record low on Wednesday morning as rising geopolitical tensions in the Middle East and the possibility of a withdrawal of monetary stimulus by the US Federal Reserve roiled risk assets.
India’s rupee falls sharply, shares slump almost 3.5%
India’s currency slid sharply on Tuesday and the share market crashed nearly 3.5 per cent in another major sell-off caused by uncertainty in the Middle East and a new gloomy economic forecast by Goldman Sachs.
Rupee weakens ahead of growth data
The rupee slid back towards a record low on Friday, with investors braced for a statement on the state of economy from Prime Minister Manmohan Singh and the release of data that was expected to show India in the grip of a protracted slowdown.
Indian rupee bounces from record low
The Indian rupee rebounded on Thursday from a record low after the central bank’s move to provide dollars directly to oil companies provided relief to the currency, while a recovery in emerging market currencies also helped offer support.
Indian rupee plunges to new record low
India’s rupee slumped nearly four percent to a fresh record low against the dollar on Wednesday as concerns about a US-led military strike against Syria compounded deepening domestic economic woes.
Indian rupee in free fall
The relentless rout of the Indian rupee continued with the currency of the Asia’s third largest economy breaching the key level of 66.00 to the dollar on Tuesday, portending that its abysmal plunge to 70 is well nigh imminent.
India’s rupee hits fresh lifetime low
India’s rupee fell to a new low on Tuesday on fears over the country’s slowing economy and the impact of a new food programme for the poor on already strained finances.
Dollar demand hits rupee
The Indian rupee weakened on Monday, tracking offshore rates and as month-end dollar demand from importers dragged the currency lower, prompting the central bank to step up its dollar sales in late trade, pulling it off session lows.
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