RBI reportedly sold dollars to support the INR currency
The Reserve Bank of India (RBI) intervening in the forex market to sell dollars is a strategic move to support the Indian Rupee amid pressure.
France presses EU to crack down on platforms like Shein and Temu, according to FT
Nelson Peltz’s Trian Fund Management is seeking investor backing for a bid to take US fast-food chain Wendy’s (WEN) private, according to FT
RBI reportedly sold dollars to support the INR currency
US Ambassador to the UN Mike Waltz announced that security cooperation between Israel and some Middle Eastern countries, especially the UAE, has expanded, while an Israeli newspaper quoted Waltz as saying that Israel provided the Iron Dome system to UAE
Japan sells JPY 1.95tln 10yr JGBs, b/c 3.90x (prev. 2.57x), average yield 2.540% (prev. 2.350%)
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
This action likely indicates the RBI's concern over currency stability and could reflect broader economic conditions influencing capital flows. Traders should watch for potential implications on rates and risk sentiment as the central bank balances its dual mandate of currency stability and inflation control.
Related headlines
- Newsquawk European Market Wrap - 8th September 202613 hours ago
- Chile central bank maintains overnight rate at 4.5% as expected6 hours ago
- [MARKET ANALYSIS] DXY is little changed ahead of inflation data later in the week and despite the US announcing an import ban on some Canadian goods as trade war escalates37 min ago
- [MARKET ANALYSIS] T-note futures are little changed after yesterday's indecisive mood and with key inflation data due later this week1 hour ago
- PBoC sets USD/CNY mid-point at 6.7709 vs Exp. 6.7042 (prev. 6.7804)2 hours ago
- PBoC is expected to set USD/CNY mid-point at 6.7042 (prev. 6.7804)3 hours ago
- PRE-MARKET AUSTRALIAN, JAPANESE AND SOUTH KOREAN STOCKS NEWS: Samsung Electronics (005930 KS)** - Co. opened an AI chip R&D hub in Yokohama to collaborate with Japanese companies on advanced semiconductor packaging3 hours ago
- US Treasury Secretary Bessent says markets are not efficient and are run by humans, who make mistakes, adds the treasuries narrative in August was that the sky is falling and the narrative was absurd6 hours ago
- US Market Wrap: Stocks fall and crude gains amid escalating geopolitics 7 hours ago
- BoJ plans to raise rates by 25bps to 1.25% at the September 18 meeting, Kyodo reports18 hours ago
- [MARKET ANALYSIS] JPY continues to advance, benefiting from domestic data; USD mildly firmer18 hours ago
- [MARKET ANALYSIS] Fixed falters as energy climbs once again, Gilts lag into the TSC after an AMZN update18 hours ago
- Newsquawk Daily European Opening News - 8th September 202622 hours ago
- RBA's Assistant Governor Hunter says the board is concerned about inflation and has low tolerance, adds the board may have to raise rates if there is a sense inflation will be stronger23 hours ago
- [MARKET ANALYSIS] Asia-Pac stocks trade mixed following the US holiday lull and with the attention on data releases1 day ago
- [MARKET ANALYSIS] JGB futures rally despite an upward GDP revision, firmer-than-expected Labour Cash Earnings and looming 5yr auction1 day ago
- NY Fed SCE (Aug): Inflation expectations: One-year 3.6% (prev. 3.6%), 3-year 3.2% (prev. 3.3%), 5-year 3% (prev. 3%). 12 hours ago
- BoE Governor Bailey says the labour market is softening and the hiring rate has declined13 hours ago
- BoE Governor Bailey says "I do not think we are not on the verge of a recession", adds that latest data is looking a bit stronger13 hours ago
- BoE's Ramsden says the increased frequency of supply shocks may lead to a ratcheting-up of prices13 hours ago
The whole workspace, free to try.
Try it free