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Sensex Today: The fall was seen even as recent corporate earnings were good and GDP growth figures were healthy. The decline in dollar index to 105.30, correction in the US 10-year bond yield to 4.5 per cent and fall in Brent crude below $84 a barrel level were all positive.
Forex traders said positive sentiment in the domestic equity markets and the inflow of foreign capital capped a sharp fall in the domestic currency
Analysts say China’s central bank, with an eye on the yuan’s stability, could let it weaken gradually, but such a move ‘could backfire to some degree’.
Out with the Zimbabwe dollar, in with the ZiG. Zimbabwe on Tuesday started circulating a new currency to replace one that has been battered by depreciation and often outright rejection by the people.
Hong Kong kept its key interest rate unchanged for a sixth consecutive time in lockstep with the Federal Reserve’s overnight decision, with sticky US inflation forcing investors to delay rate cut bets.