Two thousand rupee notes on display with an Indian flag in the background. Manish Rajput | SOPA Images | LightRocket via Getty Images The Indian rupee has come under intense selling pressure due to a perfect storm of global headwinds which analysts say will continue to pummel the currency in the months ahead. In recent … Read more
SINGAPORE – Shares in Asia-Pacific were mixed in Wednesday trade as the Reserve Bank of India’s raised a key interest rate. The RBI will raise the policy repo rate by 50 basis points to 4.9% with immediate effect, Governor Shaktikanta Das said. The repo rate refers to the rate at which the central bank lends … Read more
SINGAPORE – Shares in Asia-Pacific were mixed in Thursday morning trade as investors await the release of US consumer inflation data. Mainland Chinese stocks were lower in morning trade, with the Shanghai composite down 0.19% while the Shenzhen component dipped 0.137%. Hong Kong’s Hang Seng index, on the other hand, advanced 0.44%. Hong Kong-listed shares … Read more