The adverse effects of currency intervention, as a recent foray by the Swiss National Bank (SNB) shows, may deter governments in major economies from entering into an increasingly losing game.
Foreign Exchange intervention may be a losing game
July 30th, 2010 — Nse India
Rupee at 1-month high on share sale inflows
July 30th, 2010 — Nse India
The rupee rose to its highest in more than a month on Friday as robust foreign portfolio inflows into a clutch of share offers boosted dollar supplies in the market.
Rupee off 1-month highs
July 30th, 2010 — Nse India
The rupee was at 46.42/43 per dollar at 4.30 pm, slightly off fresh one-month highs of 46.41 on losses in domestic shares.
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Rupee off 1-month highs
China says convertible yuan the ultimate goal
July 30th, 2010 — Nse India
China wants the yuan to be fully convertible and such currencies are generally free-floating, said a top central bank official.
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China says convertible yuan the ultimate goal
Rupee climbs to new 1-month high
July 30th, 2010 — Nse India
The Indian rupee climbed to a fresh one-month high on Friday as custodian banks, representing foreign investors, sold dollars.
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Rupee climbs to new 1-month high
Rupee weakens by 7 paise against dollar in early trade
July 30th, 2010 — Nse India
The Indian rupee depreciated by 7 paise to 46.60 a dollar in early trade at the Interbank Foreign Exchange market today, largely on month-end dollar demand from importers and capital outflows by foreign funds.
Rupee edges lower on weak start to shares
July 30th, 2010 — Nse India
The rupee inched lower in early trade on Friday as a weak start to local shares weighed on sentiment but the dollar’s losses against major currencies and stronger regional peers prevented a steeper fall.