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Finance Magnates CY Limited. Last month, Japan intervened to buy yen for the first time since , in an attempt to shore up the battered currency. Fragile yen tests low, sterling cautiously steady 13 Oct, , AM IST Minutes from the Federal Reserve's policy meeting last month showed that officials agreed they needed to raise interest rates to a more restrictive level - and then maintain them there for some time - to meet their goal of lowering "broad-based and unacceptably high" inflation, even as the minutes contained a hint of a downshift in the pace of future monetary tightening.
Dollar at year peak to yen as U. The benchmark year Treasury yield jumped to the cusp of a year high overnight at 4. Rupee slips 1 paisa to The range for the day is expected to be between Analysts at the National Australia Bank said the Aussie was the market's "whipping boy" in a sell off and that further lows were possible in the near term as sentiment is fragile.
This was the biggest percentage drop among emerging Asian markets, said Goldman Sachs analysts. RBI sells dollars as rupee hits record low on U. It is now only marginally lower from The rupee went from less than Rupee slumps to fresh record low of The US government will also release data on consumer prices on Wednesday.
Dollar climbs as case for U. Dollar ascendant as focus turns to jobs data 7 Oct, , AM IST That certainly reasserted the argument that not only does the Fed remain very much committed to keeping its foot on the tightening pedal, whilst at the same time, you look at economic data, and still the U. India's financial markets were shut on Wednesday for a holiday. Outflows due to defence-related payments and oil importers bidding for dollars accelerated the rupee's slide, said Mumbai-based traders.
Rupee falls 4 paise to Moreover, Asian and emerging market peers were also stronger this Thursday morning and lent support. San Francisco Fed President Mary Daly reiterated policymakers' focus on inflation fighting and dismissed market hopes for rate cuts in
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