Are importers at risk with rising uncovered positions?
Sep19

Are importers at risk with rising uncovered positions?

MUMBAI: The record Indian foreign exchange reserves doesn’t automatically become an insurance against currency market volatility, as market positioning could whipsaw those unhedged importers which is estimated to have gone up by about $50 billion since the beginning of this year. If the global currency markets turn volatile following a surprise from the Federal Reserve’s quantitative easing’s reversal, Indian Rupee...

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Rupee plunges 20 paise to hit nearly 2-month low
Sep19

Rupee plunges 20 paise to hit nearly 2-month low

Mumbai: The rupee extended its loss for the second straight day by tumbling 20 paise to nearly two-month low of 64.33 a dollar on sustained demand for the American currency from importers amid higher greenback overseas. Heavy foreign capital outflows also dented the market sentiment. Foreign investors sold shares worth a net Rs 1,719.62 crore today, as per the provisional data issued by stock exchanges. The rupee resumed lower at...

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A winning bearish dollar bet: local currency emerging markets bonds
Sep19

A winning bearish dollar bet: local currency emerging markets bonds

NEW YORK: One of the best strategies to cash in on the dollar‘s slide since Donald Trump’s election victory is a rather exotic one: buying local emerging market currency bonds. Investors who doubted Trump could quickly deliver promised tax cuts, big spending and better trade deals – and by doing so boost the dollar – are now reaping handsome returns from their emerging markets investments while the dollar wades...

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Rupee opens 3 paise down at 64.16 against dollar
Sep19

Rupee opens 3 paise down at 64.16 against dollar

NEW DELHI: The rupee on Tuesday opened 3 paise down at 64.16 against dollar on account of buying of American currency by banks and importers. The local currency on Monday settled 5 paise down at 64.13 a dollar. Meanwhile, domestic equity markets opened in green following global cues. The BSE Sensex opened 98.68 points, or 0.30 per cent, up at 32,522, while NSE Nifty index opened 22.50 points, or 0.22 per cent, up at 10,175.60. Foreign...

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Dollar hovers near 8-week high vs yen as US yields extend rise
Sep19

Dollar hovers near 8-week high vs yen as US yields extend rise

TOKYO: The dollar hovered near an eight-week high against the yen on Tuesday, supported as US Treasury yields continued their sharp rebound from 10-month lows. The dollar stood little changed at 111.455 yen after climbing to 111.665 overnight, its highest since July 27. The greenback has benefited from a recent surge in US interest rates, with the 10-year Treasury yield having climbed to a one-month high of around 2.24 per cent...

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Rupee gives away initial gains, down 5 paise at 64.13
Sep18

Rupee gives away initial gains, down 5 paise at 64.13

The rupee surrendered its initial gains against the US dollar and ended lower by 5 paise to 64.13 on fag-end demand for the American currency from banks and importers on the back of higher greenback overseas. The domestic currency resumed higher at 64.05 a dollar as against the last weekend’s level of 64.08 at the interbank foreign exchange market and firmed up further to a high of 63.99 on initial selling of dollars on hopes of...

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