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A service for finance industry professionals · Thursday, December 26, 2024 · 771,900,837 Articles · 3+ Million Readers
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Currency Depreciation News Monitoring

  • Published on Dec 25, 2024

    As rupee hits new lows, real effective exchange rate soars to an all-time high

    The rupee is hitting fresh lows against the US dollar each day, yet its exchange rate has scaled an all-time-high in “real effective” terms.The real effective exchange rate (REER) index of the rupee touched a record 108.14 in November, strengthening by 4.5 …

    Source: The Indian Express - Center-left
  • Published on 01:36 GMT

    Rupee fall: Gains for domestic carmakers; margin pressure for luxury players

    The depreciation of the rupee against the dollar comes as a mixed bag for the automotive sector, benefiting export-driven domestic manufacturers while adversely affecting luxury carmakers reliant on imports. Domestic manufacturers such as Bajaj Auto and …

    Source: Financial Express - Neutral
  • Published on Dec 25, 2024

    Rupee depreciation to impact India Inc profits

    The sharp depreciation in the rupee will take the sheen of corporate profit in the December quarter amid weakening domestic demand across sectors. This apart, companies with large overseas borrowings have to make additional provisions due to the sudden …

    Source: The Hindu Business Line - Neutral
  • Published on Dec 24, 2024

    Economic measures needed before changing Syrian currency

    Enab Baladi – Jana al-Issa With the escape of the former regime’s president, Bashar al-Assad, in the early hours of December 8th, a significant phase of change began in Syria, including aspects related to institutions, decisions, and more. The potential …

    Source: Enab Baladi - Neutral
  • Published on Dec 24, 2024

    Cedi weakens marginally on retail market due to stronger dollar; GH¢16.10 equals one dollar

    The Ghana cedi weakened against the dollar and the major foreign currencies last week, primarily due to the strengthening of the US dollar. This follows the Federal Reserve of the USA’s 0.25% rate cut. Consequently, the cedi depreciated by 0.95% week-on- …

    Source: Joy FM - Label Pending
  • Published on Dec 25, 2024

    Rupee falls 4 paise to close at new low of 85.15/$

    Mumbai The rupee extended the slide for the second straight session and depreciated 4 paise to settle at a fresh all-time low of 85.15 against the US dollar on Tuesday, dragged by a strong greenback against major crosses overseas and subdued domestic …

    Source: The Economic Times - Center-right
  • Published on Dec 24, 2024

    Rupee Ends Losing Streak Against US Dollar, Euro, British Pound, AUD

    The Pakistani rupee (PKR) closed in green against the US Dollar (USD) today after opening trade at 279 in the interbank market. It was stable all day and closed in green against the greenback. Meanwhile, it posted gains against all of the other major …

    Source: ProPakistani - Neutral
  • Published on Dec 24, 2024

    After Rupee hits record low, Juhi Chawla's shocking post resurfaces

    The rupee slipped 5 paise to a record low of 85.16 against the US dollar in early trade on Tuesday (December 24, 2024), driven by a stronger American currency and continuous foreign capital outflows. While the fall itself sparked a flurry of memes, the …

    Source: India Times - Center-right
  • Published on Dec 24, 2024

    Cedi to end 2024, 2025 at GH¢16.07, GH¢17.23 to one dollar – EIU

    The Economist Intelligence Unit (EIU) estimates that the cedi will end 2024 at GH¢16.07 to one US dollar. It also projects a marginal depreciation of the local currency in 2025 to GH¢17.23 to one American greenback. This was capture in Deloitte’s Report …

    Source: Joy FM - Label Pending
  • Published on Dec 24, 2024

    Rupee falls 9 paise to close at fresh record low of 85.20 against U.S. dollar

    Image for representative purposes | Photo Credit: Reuters The rupee extended its slide for the second straight session and depreciated 9 paise to settle at a fresh all-time low of 85.20 (provisional) against the U.S. dollar on Tuesday (December 24, 2024). …

    Source: The Hindu - Center-left
  • Published on Dec 24, 2024

    Naira strengthens at official, parallel markets on increased dollar supply

    THE Naira appreciated against the dollar on Monday, bolstered by a moderate inflow of foreign currency into the Nigerian economy. At the Nigerian Foreign Exchange Market (NFEM), the local currency gained N3 to close at N1,538 per dollar, improving from N1, …

    Source: Tribune Online - Center-right
  • Published on Dec 24, 2024

    China’s yuan nears 13-month low amid falling bond yields

    SHANGHAI: China’s yuan hovered near a 13-month low against the US dollar on Tuesday, pressured by bond yields near record-lows amid a slow economic recovery at home and higher-for-longer US rates dominating investors’ minds. The yield gap between 10-year …

    Source: Business Recorder - Neutral
  • Published on Dec 24, 2024

    Rupee sinks to a new all time low of 85.1975 per USD in intraday trading so far on Tuesday

    Pressured by the strength of the US Dollar (USD) and a weak offshore Chinese Yuan, the Rupee continues to depreciate, plummeting to a new all time low of 85.1975 per USD in intraday trading so far on Tuesday. Currently, the Rupee is trading at 85.1775/ …

    Source: The Hindu Business Line - Neutral
  • Published on Dec 24, 2024

    Rupee to hover near record low amid rise in US Treasury yields

    The domestic currency hit an all-time for the fifth consecutive trading session, inching past its previous record low of 85.10 hit on Friday.The Indian rupee may open near its all-time low on Tuesday and continue to trade with a mild depreciation bias, …

    Source: ETAuto - Uncategorized
  • Published on Dec 24, 2024

    Rupee inches down, gold stable

    KARACHI: The Pakistani rupee experienced a slight dip against the US dollar on Monday, declining by 0.05% in the inter-bank market. By the end of the day, the currency stood at Rs278.57, marking a loss of 15 paisa. Last week, the rupee also saw a modest …

    Source: The Express Tribune - Uncategorized
  • Published on Dec 24, 2024

    Peso may further depreciate to 60 vs $1 territory in 2025

    The Philippine peso may hit the 60:$1 level next year as the king dollar’s supremacy would likely continue, although its pass-through effect would unlikely result in another breach of the Bangko Sentral ng Pilipinas’ (BSP) inflation target, Bank of America …

    Source: Inquirer - Business - Neutral
  • Published on Dec 24, 2024

    Goldman Sees Yen in Sweet Spot for Global Buyers of Japan Stocks

    (Bloomberg) -- The yen’s current level versus the dollar is positive for overseas investors to buy Japanese stocks, said Bruce Kirk, chief Japan equity strategist at Goldman Sachs Group Inc. Most Read from Bloomberg He sees only a limited risk of the …

    Source: Yahoo Finance - Label Pending
  • Published on Dec 23, 2024

    Rupee weakness good news for IT firms but uncertainty on long-term impact

    The recent depreciation of the rupee against the dollar is proving to be a tailwind for the Indian IT sector, which generates 50-60% of its revenues from the US market. “For every 1% depreciation in the rupee, there is typically a 0.5% increase in revenue …

    Source: Financial Express - Neutral
  • Published on Dec 23, 2024

    Rupee sheds 15 paisa against dollar

    The Pakistani rupee on Monday depreciated by 15 paisa against the US dollar in the interbank trading and closed at Rs 278.56 against the previous day’s closing of Rs 278.41. However, according to the Forex Association of Pakistan (FAP), the buying and …

    Source: Daily Times - Label Pending

07 days 07:26:21

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