Page 10 - Currency Market

Expanding COVID-19 pandemic may take rupee to 75 vs the dollar

The only respite to the market sentiment is stimulus measures that nations are implementing to counter the economic impact from the coronavirus.

Rupee tumbles 70 paise against US dollar, hits 17-month low

The new coronavirus outbreak can now be described as a pandemic, the head of the World Health Organization announced Wednesday.

Reserve Bank of India buys net $6.93 bn in currency market in November

The Reserve Bank of India (RBI) bought $7.46 billion and sold $530 million in the market in November, it said in the bulletin which was released on Saturday

At $1.6 trn a day, EM currency trading outpaces peers, rupee deals double

In early 2016, emerging-market currencies began a two-year rally that took MSCI Inc.'s gauge to a record as investors sought higher-yielding assets

Currency market eyes Chinese yuan, sees RBI reserve accumulation

China and the United States have softened their stance on trade tensions, but this is nowhere a resolution, say currency dealers

The inseparable twin of a trade war

The depreciation of the renminbi in recent weeks has raised fears that China is aiming to counter US tariffs by weaponising its currency

Handle with care

Sovereign borrowing in foreign currency has inherent risk

Bond and currency markets differ on where interest rates are headed

While the bond market is relatively conservative about their interest rate expectations, the currency market seems to be projecting that interest rates should be much sharper

Big investors sue 16 banks in the US over rigging of currency market

The banks being sued include: Bank of America, Barclays, BNP Paribas, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan Chase, Morgan Stanley