Indian rupee is expected to open marginally higher at around 68.60-68.65 against the dollar after the biggest decline in Brent crude in two weeks overshadowed a surge in dollar index on upbeat U.S. economic data.
Most Asian currencies slipped Wednesday after the dollar index climbed 0.5% following buoyant U.S. economic data. Retail sales in June grew 0.4% month-on-month, significantly better than the 0.1% increase expected by economists poll. Control retail sales too trumped estimates, growing 0.7%, more than double of what was expected.
In May, the U.S. increased tariffs on $200 billion of Chinese imports amid a breakdown in talks. U.S. officials have repeatedly accused China of walking back on promises already agreed upon, leading to the failure of talks. Asian equities declined Wednesday amid falling investor confidence over U.S.-China trade relations.
09 Dec 2019 04:02 PM
Indian shares ended higher on Monday, as gains in auto and metal stocks offset losses in information technology and consumer sectors. The NSE Nifty 50 index ended 0.13% higher at 11,936.95 and the S&P BSE Sensex closed up 0.1% at 40,487.43.
09 Dec 2019 02:56 PM
European stocks fell on Monday as worries about a Chinese economic slowdown and the U.S.-China trade war outweighed Friday's strong U.S. jobs data, in a quiet start to trading before several big events later in the week. The Federal Reserve meets on
09 Dec 2019 02:10 PM
Sterling hit a seven-month high against the dollar and a 2-1/2 year peak versus the euro on Monday after fresh polls showed British Prime Minister Boris Johnson's Conservative Party has extended its lead in opinion polls before Thursday's election. T
09 Dec 2019 11:53 AM
Indian shares inched higher on Monday as broader Asian equities rose on optimism from the strong U.S. data, although gains were capped by concerns about China's economic slowdown. The NSE Nifty 50 index rose 0.1% to 11,37.65 and the S&P BSE Sensex ed
09 Dec 2019 11:25 AM
China's yuan held familiar ranges on Monday morning, as investor caution about developments in the Sino-U.S. trade dispute and other global risks kept market volumes thin. A slew of events this week, including the Dec. 15 deadline for U.S. tariffs on
09 Dec 2019 11:04 AM
Investors await U.S. Fed meeting starting on Tuesday, China's November imports rose, SPDR Gold holdings fell 0.3% on Friday; lowest since Sept. Gold was steady on Monday as investors await cues from the U.S. Federal Reserve on interest rates later th