Rupee rebounds by Rs1.87 against dollar in inter-bank market
This was the third consecutive day that the rupee recovered Rs3 of its value against the dollar, resulting in a cumulative gain of 7.14% since touching Rs140 in the kerb market on Tuesday
Asia shares bounce after rout, but sentiment fragile
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1.3 percent, led by gains in South Korea and Taiwan
Rupee regains Rs2 against greenback in open market
This is the fifth devaluation of the rupee since December 2017, which has seen the local currency losing a cumulative 27 percent of its value against the greenback
Indian rupee hits lifetime low, stocks tumble on global markets sell-off
A sharp fall in domestic equity markets was the main driver for the rupee’s extended decline, as it heightened concerns about further foreign portfolio outflows
Pakistani rupee, the cheapest currency in South Asia: Report
The International Monetary Fund (IMF) has currently projected Pakistan’s current account deficit will contract from 5.9 percent of GDP in 2018 (the worst in emerging markets) to 5.3 percent of GDP in 2019 (again the worst in EM)
Indian rupee plummets to record low against dollar
Sentiment has also been weaker after the central bank held rates steady in a surprise move on Friday and pushed the rupee to its previous record low of 74.23
IMF chief economist not concerned about China’s ability to defend currency
On Tuesday, China’s central bank fixed the yuan’s official mid-point for trading at 6.9019 per dollar, edging close to the psychologically important 7.0 barrier and helping to send Asian stocks to a 17-month low
Rupee touches record low of Rs139 against dollar in inter-bank market
–Rupee closes at Rs 133.64 in interbank trading against the greenback, declining by 7.542%
–Rupee devaluation, IMF bailout possible reasons behind an increase in the dollar rate
Rupee plunges to Rs129.5 against dollar in kerb market, as economic uncertainty persists
However, the inter-bank market rate of the rupee to a dollar stood at Rs124.27 according to SBP’s market to market revaluation rate sheet
Dollar extends two-week run of gains, data eyed
Against a basket of its rivals USD, the greenback rose 0.2 percent to 95.85, edging toward a 14-month high of 96.991 hit in mid-August
Asian currencies plunge as U.S. jobs data, Powell comments boost dollar
The Indian rupee is the worst performing Asian currency this year, having lost more than 13 percent
Dollar hits 11-month high vs. yen as upbeat U.S. data, hawkish Fed boost yields
The dollar also was boosted after the Institute for Supply Management’s (ISM) non-manufacturing activity index jumped 3.1 points to 61.6 last month, the highest reading since August 1997
Rupee under pressure amid regional currency turmoil Â
Experts say currency is likely to remain under depreciatory pressures with weaker external finances
RBI pumps in liquidity to ease cash crunch; bond markets rally
The government will effectively cut its market borrowing by 700 billion rupees due to higher-than-expected earnings of 750 billion rupees through its small savings scheme
Wall Street flat; Italy budget woes hit Europe, boost dollar
Wall Street ended flat, pulling back from early gains after Facebook disclosed a security breach