The dollar index rose in Asia, and has now recovered a large part of its losses suffered post the US jobs data
The dollar index rose in Asia, and has now recovered a large part of its losses suffered post the US jobs data
US equity futures and Asian shares dropped on Wednesday after Fitch downgraded the US long-term foreign currency ratings, reflecting likely fiscal deterioration over the next three years
Political turmoil in the country after the removal of the former government has exacerbated the economic condition in the country with inflation hitting record highs
Softer inflation readings have prompted investors to bet that more rate hikes will not be required despite the last Fed dot plot indicating one more rate hike beyond July
Offshore was indicating a quiet open, but dollar-rupee short positions will be counting on a favourable momentum
Offshore was indicating a quiet open, but dollar-rupee short positions will be counting on a favourable momentum
The US central bank is widely expected to raise rates at its meeting next week — investors reckon that it is likely the last hike of the current cycle
The offshore Chinese yuan dropped to 7.2140 to the dollar, headed for its fourth straight day of declines, on persistent pessimism regarding the Chinese economy
Over the last two weeks, the RBI has been regularly buying dollars via public sector banks, according to market participants
According to the World Bank, private remittances or transfers of money from NRI to friends and relatives in India crossed the $100 billion threshold in 2022