This transaction is the largest social loan globally, the first social external commercial borrowing (ECB) loan out of India and the largest ECB loan deal from a HFC or private NBFC in India
Comments follow huge pressure on ruper versus the dollar due to record outflows from domestic equity markets amid elevated commodity prices and higher US interest rates
(Reuters) - Gold bounced off a one-year low, gaining over 1% on Thursday, benefiting from some safe-haven interest amid economic concerns as the dollar eased.
European stocks and bonds slumped and the euro rose after the European Central Bank raised rates by a larger-than-expected 50 bps
Gold rates have slumped to a nearly one-year low over ECB rate hike fears. Oil prices have also followed suit
NEW YORK (Reuters) -The U.S. dollar edged lower against the euro on Wednesday in a choppy session, but its losses were capped as traders were hesitant to drive big moves ahead of a crucial European Central Bank policy decision on Thursday.
While the impact on other currencies has been sharp with most of them depreciating, the rupee has done well, being somewhere in the middle
The RBI announced five measures on July 6 to further liberalise foreign exchange. The measures are aimed at creating a more enabling environment to attract dollars through banking deposits, ECB, FPI
RBI announced five measures pertaining to the liberalisation of foreign exchange flows into India
Oil prices are up 10% in barely a week on supply constraint concerns with Brent crude holding above $117, pushing the Canadian dollar and the Australian dollar up 0.3% and 0.4% respectively
US Federal rate hikes are being counted on while share market investors are hedging their bets, leading to a Dollar drop
Investors have now lost 10.1 per cent this year on euro high-grade corporate bonds, Bloomberg debt indexes show
European stocks have taken a dip alongisde the currency as ECB sets in to join the rate hike club like many others, say reports
ECB President Christine Lagarde struck a dovish tone by saying the central bank might need to cut its growth outlook
The Australian legend Ponting is currently working as head coach with the Indian Premier League (IPL) franchise Delhi Capitals
Lagarde said there was no clear timeframe for when rates would start to rise, adding it could be weeks or even several months after the end of stimulus
The euro briefly flickered as high as $1.0955 in thin early hours of the Asia session, before settling about 0.15% higher than Friday's close at $1.0890. It was also firmer on sterling and the yen.
The mood in equity markets was cautious, with MSCI's broadest index of Asia-Pacific shares outside Japan easing 0.1%. Japan's Nikkei dropped 0.6%, having shed 2.6% last week.
Brent crude futures fell as much as $4 a barrel and European gas prices slipped to 115 euros per megawatt hour, some 100 euros below recent peaks
Moscow accused the United States on Wednesday of declaring an economic war on Russia, and said it was considering a response to the US ban on Russian oil and energy imports