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India's forex reserves down to $288 bn
India's foreign exchange reserves fell by $0.76 billion to $288.62 billion as the RBI is believed to have been selling dollars during the week to curb the slide in the rupee's value. #Numbers #Reserve Bank of India #Foreign exchange market #USD #Foreign exchange reserves
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Rupee effect: Forex biz hit as Indians cancel foreign trips
Another reason for the plunge in business is the hoarding of dollars by traders #HowThisWorks #Foreign exchange market #Currency #Forex Business #Jitender Singh
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Steps taken by RBI, govt to prop up the rupee
Here are the measures taken by India to arrest the rupee fall in the last two months #Reserve Bank of India #Rupee #Foreign exchange market #PolicyWatch
Wire
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China DailyExchange rate reform may take time
The recent call by the State Council, China's cabinet, for "operational plans to achieve yuan convertibility under the capital account" confirms that there is now a mandate for moving on reforms in this area. With the recent appreciation of the yuan lead #People's Bank of China #Forex
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GulfToday.aeKSE spurts 354 points on foreign buying
KARACHI: Pakistan stocks closed higher on Tuesday, led by aggressive foreign buying, on hopes that a visit by Chinese Premier Li Keqiang starting on Wednesday will boost the investment climate. The Karachi Stock Exchange’s (KSE) benchmark 100-share index #Pakistan #Karachi #Nawaz Sharif
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China DailyRisks in store for ChiNext market
Overvaluation, possible resumption of IPOs may affect index: insiders Securities insiders have warned of risks for ChiNext, China's Nasdaq-style market, which has outperformed since the end of last year. The index closed at 1,051.65 points on Monday, up #ChiNext #China #World Trade Organization