MUMBAI: The Indian central bank likely intervened in the foreign exchange market yet again on Thursday, five traders told Reuters , to shield the rupee from pressure due to elevated corporate hedging and maturing derivative contracts. The Indian rupee was at 95.6350 per dollar, up 0.1% form its previous close. Indian central bank likely intervenes to shield rupee from oil strain, traders say The…
Australian shares climbed on Thursday , led by gains in mining and gold stocks, while a central bank official warned of an interest rate hike if inflation risks crystallised.
OCBC strategists Sim Moh Siong and Christopher Wong note Indian Rupee (INR) remains under pressure despite broader US Dollar (USD) weakness, as high Oil prices and importer Dollar demand weigh on the…
