asian currencies

The erosion in reserves reflects not only intervention by policymakers to support domestic currencies, but also valuation losses in non-dollar assets, according to data compiled by Bloomberg.

The Indian rupee opened sharply lower against the US dollar, falling 36 paise to 94.58 due to rising Middle East tensions. This marked a reversal from Thursday's gains, as US President Trump warned Iran of stronger military action.

India faces a significant "live balance of payments stress test" due to the West Asian crisis, impacting inflation and currency, Chief Economic Advisor V Anantha Nageswaran stated. He emphasized that managing the current account and preventing currency depreciation are key macroeconomic goals for FY27.

The Indian rupee hit a historic low against the US dollar, pressured by corporate demand and soaring crude oil prices. Authorities are considering measures like incentivizing foreign currency deposits and easing tax rules for overseas investors to boost dollar inflows.

Rupee hit a fresh record low of 96.07 against the US dollar on Friday, extending its losing streak over three straight sessions amid soaring crude oil prices and escalating tensions in West Asia. At the interbank foreign exchange market, the rupee opened at 95.86 against the US dollar and slipped further to 95.94, down 30 paise from its previous close.

The rupee hit a record low of 95.33 against the dollar on Thursday, driven by surging crude oil prices and concerns over inflation and capital flows. Suspected RBI intervention helped the currency recover to close at 94.91, though it remains under pressure. The outlook for the rupee is closely tied to the trajectory of global oil prices.

PM Modi has called on citizens to adopt measures aimed at conserving foreign exchange, as the surge in oil prices triggered by the Iran conflict has intensified pressure on the rupee and strained India’s foreign exchange reserves.

The Indian rupee is facing significant pressure, weakening against the US dollar due to soaring crude oil prices driven by Middle East geopolitical tensions and persistent foreign fund outflows. Despite India's robust economic growth, the currency's slide continues as the Reserve Bank of India intervenes to curb volatility rather than target a specific exchange rate.

Asian equities traded mixed as the AI and tech rally cooled, with Hong Kong's Hang Seng inching up while Shenzhen and Shanghai fell. Wall Street also saw a softer mood, with the S&P 500 retreating from a record high and chipmakers leading declines. Oil prices remained elevated due to ongoing disruptions in the Strait of Hormuz.

Asian markets showed mixed trading as AI stock momentum waned, oil prices stayed high, and inflation worries persisted. Japan's Nikkei saw a slight gain, while South Korea's Kospi recovered some losses. Concerns over stalled US-Iran talks and hotter US inflation data contributed to investor caution across the region.

Foreign investors are exiting Indian stocks, with outflows reaching Rs 60,847 crore in April, following a massive Rs 1,17,775 crore sell-off in March. This trend signals sustained weakness in overseas investor sentiment, as global capital shifts towards Asian economies benefiting from the AI investment boom, particularly South Korea and Taiwan.

Fuel prices saw a Rs 3 per litre increase on Friday. This move follows significant losses for state-run oil companies due to soaring global crude oil prices. The conflict in West Asia disrupted key shipping routes, pushing up import costs for India. This price adjustment comes after a period of frozen rates, impacting transportation and other sectors.

Fuel, gold, edible oil, foreign travel, and fertilisers — how much do they cost India, and how much do they matter right now?

Asian markets showed a mixed performance today. Japan's Nikkei 225 reached new record highs, boosted by technology stocks amid the AI boom. However, rising oil prices and geopolitical tensions, particularly concerning Iran, tempered investor sentiment across other regions. Investors are now keenly awaiting key central bank decisions this week.

Asian markets navigated a cautious trading session Friday, influenced by ongoing Iran conflict uncertainties and stalled US-Iran talks. While some indices saw modest gains, others dipped, reflecting investor unease. Rising oil prices added to market anxiety, with analysts predicting continued volatility. Attention also turned to currency markets, particularly the Japanese yen, and upcoming central bank policy decisions.

Gold price prediction today: Gold prices are likely to take cues from the US Federal Reserve stance on rate cuts in the near future, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan.

Typically, the Directorate General of Foreign Trade, operating under the Ministry of Commerce and Industry, issues a notification at the beginning of each financial year specifying the banks authorised by the Reserve Bank of India to import gold and silver.

Asian markets saw a slight dip Friday after a strong rally, as investors braced for a crucial weekend potentially impacting the Middle East conflict. Despite ceasefire hopes and easing oil prices, caution persists. Wall Street's record highs offered some support, while currency markets reflected reduced risk aversion, though the Strait of Hormuz closure remains a concern.

Iran’s USD1 war toll on each barrel of oil passing through the Strait of Hormuz could add nearly INR10,000 crore to India’s annual import bill. While the toll is a direct breach of ‘transit passage’ rights, India can use four key diplomatic and legal levers to secure its interests.

From cheaper autonomy to costlier capital, a post-dollar world could test India’s economic model

Asian markets faced a downturn due to Middle East conflict fears, with oil prices soaring. However, Singapore's stock market shows remarkable resilience, nearing record highs. This strength is attributed to the safe-haven appeal of the Singapore dollar and supportive domestic policies, offering a stark contrast to regional volatility.

Global markets are in turmoil following President Trump's announcement of a naval blockade in the Strait of Hormuz. This move has sent crude oil prices soaring and threatens to isolate Iran, potentially triggering further escalation. India faces significant economic challenges, including a ballooning energy import bill and disruptions to its exports and workforce remittances.

The Indian Rupee has fallen sharply against the US dollar. Geopolitical tensions in the Middle East are intensifying, causing oil prices to rise above $100 per barrel. Investor sentiment has turned cautious as ceasefire hopes fade. Foreign investors are withdrawing funds from Indian equities amid global uncertainty. Experts advise disciplined monthly investments through SIPs.

Gold price prediction today: Gold prices may trade range-bound with a bearish bias as a breakthrough in US-Iran peace talks remains elusive, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan.

Asian markets surged Friday, buoyed by easing Middle East tensions and a global risk sentiment recovery. Despite this optimism, caution persists over the durability of ceasefires and peace talks, with ongoing strikes in Lebanon a key concern. Investors are advised to focus on pre-conflict fundamentals as opportunities emerge.