Latest news with #foreignExchange
Reuters
9 hours ago
- Business
- Reuters
Ugandan shilling broadly stable, under mild pressure
KAMPALA, June 4 (Reuters) - The Ugandan shilling was broadly stable against the dollar on Wednesday, although was under mild pressure as importers in the manufacturing and energy sectors sought foreign exchange, traders said. At 0845 GMT commercial banks quoted the shilling at 3,637/3,647, compared to Monday's close of 3,635/3,645. Markets were closed on Tuesday for a national holiday.
Bloomberg
3 days ago
- Business
- Bloomberg
A $73 Billion Short Book Is Putting Pressure on Indian Rupee
Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here. The Indian rupee is emerging Asia's worst performer this quarter and may continue to lag peers as the central bank aims to avert a depletion in its foreign-exchange reserves, according to analysts.
Bloomberg
3 days ago
- Business
- Bloomberg
An $84 Billion Short Book Is Putting Pressure on India's Rupee
The Indian rupee is emerging Asia's worst performer this quarter and may continue to lag peers as the central bank aims to avert a depletion in its foreign-exchange reserves, according to analysts. The Reserve Bank of India had dollar repayments of near record high of $84.3 billion as of March as indicated by its net short forwards position, a measure of the amount of greenback it has agreed to sell at a future date.
Bloomberg
3 days ago
- Business
- Bloomberg
Taiwan Central Bank Warns Exporters Against Currency Speculation
Taiwan's Central Bank strengthened its warning to local trading companies over their currency purchases as it seeks once again to tamp down speculation on foreign exchange markets and maintain the stability of the Taiwan dollar. Importers and exporters should only buy or sell the US dollar in a timely fashion based on their actual needs and not to listen to exaggerated or false market predictions, the central bank said in a statement Sunday. The bank also urged analysts and the media not to comment on the local currency market in a speculative manner, or to make exchange-rate forecasts based on feelings.
Reuters
5 days ago
- Business
- Reuters
Kenyan shilling firms slightly as remittances help
NAIROBI, May 30 (Reuters) - Kenya's shilling strengthened slightly on Friday, helped by dollar inflows from remittances although the gains were limited by increased foreign-currency demand from general goods importers, traders said. At 0639 GMT commercial banks quoted the shilling at 128.80/129.30 per dollar, compared with Thursday's closing rate of 129.00/129.50.
