Straits Times Index
3,173.91 +9.05 (+0.29%) Nikkei
29,068.63 +517.70 (+1.81%) Hang Seng
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USD/INR (INR=X)
| Previous close | 74.9750 |
| Open | 75.0300 |
| Bid | 75.0130 |
| Day's range | 75.0130 - 75.0300 |
| 52-week range | 72.2660 - 75.7248 |
| Ask | 75.0630 |
- Reuters
Dollar strength holds back Asian FX; rupee bears re-emerge
Investors raised short bets on most Asian emerging currencies, a fortnightly Reuters poll found, as a slew of factors including U.S. rate-hike expectations, rising inflation and signs of slowing global economic growth boosted the dollar. Long positions on the Singapore dollar, Taiwan's dollar and the Indian rupee were reversed, while bearish views on the South Korean won hit a two-year peak, the poll of 12 respondents showed. The Indonesian rupiah was the only currency with a bullish trend, although long bets were almost halved.
- Reuters
Dollar strength holds back Asian FX; rupee bears re-emerge: Reuters poll
Investors raised short bets on most Asian emerging currencies, a fortnightly Reuters poll found, as a slew of factors including U.S. rate-hike expectations, rising inflation and signs of slowing global economic growth boosted the dollar. Long positions on the Singapore dollar, Taiwan's dollar and the Indian rupee were reversed, while bearish views on the South Korean won hit a two-year peak, the poll of 12 respondents showed. The Indonesian rupiah was the only currency with a bullish trend, although long bets were almost halved.
- Reuters
Indian rupee hits 2-1/2-month high as risk assets rally
The Indian rupee rose to its strongest in two-and-a-half months on Monday, after the U.S. Federal Reserve chairman's comments sparked bets of a slower reduction in monetary stimulus. The dollar loitered around multi-week lows in the wake of Fed Chair Jerome Powell laying out a slower-than-expected path to rate hikes, as traders' focus shifted to U.S. jobs figures due on Friday for clues on a tapering timeline.
