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Indian central bank likely intervenes to support rupee, traders say
MUMBAI: The Reserve Bank of India likely intervened in the foreign exchange market on Monday to support the rupee, four traders told Reuters , helping the currency withstand pressure coming from a…
Business Recorder
Indian rupee set for mild relief from dip in oil, fading Fed October hike bets
MUMBAI: The Indian rupee is expected to see some respite on Monday , with softer oil prices and further paring of bets on an October Federal Reserve rate hike easing pressure on the currency.
Business RecorderDollar holds firm as French fiscal woes keep euro on back foot
SINGAPORE: The dollar started the week on a firm footing , hovering near a 17-month high on Monday as traders weighed receding odds of a Federal Reserve rate hike this month after soft US jobs data…
Business RecorderStocks upbeat, dollar wobbles as Fed hike bets recede
SINGAPORE: Stocks were off to a strong start on Monday while the dollar edged lower and bonds steadied , as investors trimmed bets on an aggressive policy tightening cycle by the Federal Reserve…
Business Recorder
Rupee Devaluation Cannot Fix Economy: FBR Chairman
Federal Board of Revenue (FBR) Chairman has used a story about yogurt and a milk pot to explain why simply
ProPakistaniRupee records gain against US dollar
The Pakistani rupee extended its marginal gains against the US dollar, appreciating 0.01% in the inter-bank market on Friday.
Business RecorderCopper crawls higher on softer dollar, but investors wary about demand
LONDON: Copper prices edged higher on Friday, supported by a weaker dollar and supply issues, but gains were modest due to worries about high oil prices hitting demand.
Business RecorderCopper up on supply woes but dollar drives worst week since April
SINGAPORE: Copper recovered from some of the previous days’ losses on Friday , supported by supply concerns, but earlier declines still set it up to notch its worst weekly fall since April.
Business Recorder
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