The rupee today staged an impressive rebound from life-time low levels, surging by 21 paise to end at 68.84 against the US dollar on suspected the central bank's intervention to check volatility in currency markets.
Euro zone banks would face a “material impact” on their capital and cash positions if interest rates rose abruptly, the International Monetary Fund said on Thursday, urging local watchdogs to sharpen up their analytical tools.
The rupee today took a hard 43-paise knock to close below the 69 level for the first time at a historic low of 69.05 against the US currency as upbeat comments on the US economy by the Federal Reserve chairman drove the greenback to one-year high levels higher against global currencies.
The European Commission said on Thursday it had sent a new request to Slovenia to clarify its seizure of European Central Bank data in 2016 after Slovenian authorities failed to provide a satisfactory response to EU queries about the incident.
European Central Bank will raise rates in the second half of next year, according to a Reuters poll of economists, who were confident that will be before the next economic downturn.
The rupee fell back sharply from a two-week high, depreciating by 17 paise to end at 68.62 against the US currency on renewed dollar demand from banks and importers even as crude oil hovered near its multi-month lows.
Annual inflation in the 19 countries sharing the euro currency rose to 2.0 percent in June, European Union statistics office Eurostat said on Wednesday, confirming an earlier flash estimate.
European Central Bank should not tie its hands too early when it comes to future monetary policy decisions but look instead at how the economy pans out, Finland’s new central bank governor Olli Rehn told Reuters.
The rupee today bounced back to settle at a fresh two-week high of 68.45 against the US currency, gaining 12 paise as crude oil prices beat a hasty retreat, easing inflation and trade deficit worries.
The rupee retreated from a near two-week high and ended lower by 4 paise at 68.57 against the US currency, snapping a three-session recovery trend due to renewed dollar demand.