US growth boosts markets, steadies emerging currencies

Last Updated: Friday, January 31, 2014, 05:27

European stocks initially fell after the Fed`s announcement it would reduce its bond-buying program by USD 10 billion to USD 65 billion per month, citing a pick-up in the US economy.

Emerging market currencies buckle after Fed cuts stimulus

Last Updated: Thursday, January 30, 2014, 19:15

Emerging markets faced intense pressure on Thursday after the US Federal Reserve cut its stimulus further, with currencies in India, South Africa and Turkey failing to rally despite interest rate rises.

RBI to withdraw all pre-2005 currency notes

Last Updated: Wednesday, January 22, 2014, 19:22

The Reserve Bank on Wednesday decided to withdraw all currency notes issued prior to 2005, including Rs 500 and Rs 1,000 denominations, after March 31 in a move apparently aimed at curbing black money and fake currencies.

Indian rupee to face higher volatility in 2014: HSBC

Last Updated: Wednesday, January 8, 2014, 15:42

This year is likely to be "no easier" than 2013 for most Asian currencies including the Indian rupee and they will be exposed to periods of higher volatility, an HSBC report said Wednesday.

Rupee on course to be one of Asia laggards in 2013

Last Updated: Monday, December 30, 2013, 22:54

Although the rupee is well above its all-time trough of 68.85 hit on August 28, the currency is still down 11.2 percent in 2013, making it Asia`s worst performer after the Indonesian rupiah and the Japanese yen.

As Fed tapers, don't count out emerging market currencies

Last Updated: Sunday, December 22, 2013, 20:01

When the Federal Reserve first started talking about cutting its massive stimulus earlier this year, emerging-market currencies went into a tailspin. This time round, investors don't see that happening.

As Fed tapers, don't count out emerging market currencies

Last Updated: Saturday, December 21, 2013, 04:12

When the Federal Reserve first started talking about cutting its massive stimulus earlier this year, emerging-market currencies went into a tailspin. This time round, investors don`t see that happening.

Rupee falls 36 paise to 62.93 Vs dollar on fresh taper worries

Last Updated: Thursday, November 21, 2013, 18:41

The rupee fell for the second day against the dollar Thursday in tandem with local equities, losing 36 paise to 62.93.

Indian rupee leads Asia forex gains against dollar

Last Updated: Monday, November 18, 2013, 15:11

The rupee led gains among emerging Asian currencies on Monday as investors cut bearish bets on regional units, with the dollar softer amid uncertainty over how long the US Federal Reserve will keep up its policy stimulus.

Fed tapering a bigger risk to Asia markets than assumed

Last Updated: Tuesday, September 24, 2013, 13:50

Judging by the strength of the relief rally seen after the US Federal Reserve did nothing last week, some Asian emerging markets could be far more vulnerable than earlier thought when the Fed finally does decide to slow its dollar printing presses.

Banks deposit fake notes at Parliament St police station

Last Updated: Tuesday, September 3, 2013, 22:12

Fake currency notes, whose face value runs into crores, have been deposited by various banks at Parliament Street Police Station from January to August this year, police said.

Hiring outlook weakens on falling Re; bad days ahead: Experts

Last Updated: Monday, September 2, 2013, 13:16

Hiring outlook has weakened in most of the Asia Pacific region, particularly in India with the rupee falling against most currencies and experts are of the opinion that the worst is yet to come.