rupee fall: RBI looks to have boosted forwards intervention in rupee fight

India’s central bank appears to have ramped up intervention in the forwards market to slow the rupee’s decline and preserve its hard-earned reserves. The Reserve Bank of India has run down its forward-dollar book by $12 billion to $15 billion from about $64 billion at the end of April, according to estimates by DBS Bank … Read more

Japan repeats warning on sliding yen, keeps mum on FX intervention chance

Breadcrumb Trail Links PMN Business Author of the article: Reuters Daniel Leussink and Tetsushi Kajimoto Article content TOKYO — Japanese Finance Minister Shunichi Suzuki on Friday refrained from commenting on the possibility of government intervention in the foreign exchange market to stem a weak yen, while maintaining his warning against any rapid fluctuations. The latest … Read more

Indian rupee off record lows on RBI intervention; bond yields rise

The Indian rupee gradually recovered after touching a record low on Tuesday, after the central bank intervened while bond yields edged higher tracking the uptick in global crude oil prices. The partially convertible rupee was trading at 77.63/64 per dollar by 0805 GMT compared with its close of 77.45 on … Read more

Indian rupee off record lows on RBI intervention; bond yields rise By Reuters

© Reuters. FILE PHOTO: A cashier displays the new 2000 Indian rupee banknotes inside a bank in Jammu, November 15, 2016. REUTERS/Mukesh Gupta By Swati Bhat MUMBAI (Reuters) – The Indian rupee gradually recovered after touching a record low on Tuesday, after the central bank intervened while bond yields edged higher tracking the uptick in … Read more

Twitter/Musk: shares take a tumble after comic intervention

Elon Musk’s Twitter takeover circus would always offer thrills and spills. But if Friday’s chaotic sequence of events is anything to go by, most market spectators will not leave their seats soon. Tesla’s chief executive said in a tweet early Friday morning that he was putting his $44bn bid for Twitter “temporarily on hold”. The … Read more

Japan, U.S. likely discussed joint yen-buying intervention

2/2 © Reuters. FILE PHOTO: Japan’s Finance Minister Shunichi Suzuki prepares to ring a bell during the New Year ceremony marking the open of trading in 2022 at the Tokyo Stock Exchange (TSE), amid the coronavirus disease (COVID-19) pandemic, in Tokyo, Japan, January 4, 2/2 By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) -Japan and … Read more