India’s central bank and government took coordinated steps to shore up the rupee after it plunged to a record low, turning to its playbook from the 2013 taper tantrum to spur foreign inflows.
India’s central bank and government took coordinated steps to shore up the rupee after it plunged to a record low, turning to its playbook from the 2013 taper tantrum to spur foreign inflows.
The Reserve Bank of India’s use of a key tool for defending the rupee has passed the $110 billion mark in recent weeks to a new record, according to people familiar with the developments.
The Reserve Bank of India’s use of a key tool for defending the rupee has passed the $110 billion mark in recent weeks to a new record, according to people familiar with the developments.
The recent surge in Indian bond yields may extend as investors weigh prospects of interest-rate hikes, while concerns grow over the government’s fiscal position.
The recent surge in Indian bond yields may extend as investors weigh prospects of interest-rate hikes, while concerns grow over the government’s fiscal position.
Asian authorities are ramping up their currency defense as high energy costs and bets that the Federal Reserve will raise interest rates pressure them.
Asian authorities are ramping up their currency defense as high energy costs and bets that the Federal Reserve will raise interest rates pressure them.
Rupiah banknotes in a money-counting machine at a currency exchange office in Jakarta. Photographer: Dimas Ardian/Bloomberg
Emerging-market bond investors expecting a broad rally from any US-Iran peace deal may be in for a disappointment, as money managers see sticky inflation and fiscal concerns keeping long-term yields elevated.
Emerging-market bond investors expecting a broad rally from any US-Iran peace deal may be in for a disappointment, as money managers see sticky inflation and fiscal concerns keeping long-term yields elevated.
Light trails left by passing traffic at night in Daegu, South Korea, on Tuesday, April 23, 2024. Gross domestic product advanced 1.3% in the three months through March versus the previous quarter, the Bank of Korea said Thursday, an advance that soundly outpaced economists’ consensus for a 0.6% expansion.
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