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The IMF openly urged prime minister Liz Truss to reverse the decision to scrap the top rate of income tax.

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28 Sep, 2022 / 08:15

Sterling has fallen against major currencies as tax cuts stoke higher interest rates and recession fears.

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26 Sep, 2022 / 08:41

The Indian rupee could decline to 82.50 against the dollar by March, driven by the greenback's surge and the country's balance of payment deficit, IDFC First Bank said in a research note. The dollar's rally accelerated after the U.S. Federal Reserve last week raised rates by another 75 basis points and forecast more large-sized hikes to control inflation. "Looking ahead, we believe the dollar strength will endure," Gaura Sen Gupta, economist at IDFC First Bank, said.

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26 Sep, 2022 / 05:46

Behind U.S. dollar strength is the Federal Reserve, which is steadfastly holding to its commitment to curb soaring price inflation.

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25 Sep, 2022 / 13:41

The RBI may slow its intervention to protect the rupee during October-March, and allow the currency to move in alignment with global trends, Kotak Mahindra Bank said on Friday. The rupee dropped to a record low of 81.2250 to the dollar on Friday, prompting the RBI to sell dollars to prop up the currency, traders said. "We expect the INR to remain under pressure as markets continue to assess the extent of spill-overs from the (U.S.) Fed's hardening policy stance," Upasna Bhardwaj, senior economist at Kotak, said in a note.

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23 Sep, 2022 / 09:05

The Indian rupee was little changed to the dollar on Monday as traders eyed the U.S. Federal Reserve's policy decision to break the current deadlock on the local unit. Giving the rupees a boost was the Reserve Bank of India's signal, in its monthly bulletin released late Friday, that it was in favour of front-loading rate hikes to control inflation and that it intervened aggressively in July to contain the rupee's decline. "The longer it stays in this range, higher could be the volatility of the subsequent move," said Srinivas Puni, managing director at QuantArt Market Solutions.

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19 Sep, 2022 / 10:04

Yahoo Finance's Jared Blikre breaks down how the U.S. dollar is trading against the Chinese yuan.

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16 Sep, 2022 / 15:41

The Indian rupee marked its worst week in five on Friday, as risk sentiment was hit by the Chinese yuan weakening past 7 per dollar to breach a key psychological level for the first time in two years. A foreign exchange trader said market participants were wary that the rupee had not been allowed to weaken past 80 per dollar and saw it as a level to protect.

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16 Sep, 2022 / 10:17

It came as the euro area’s annual inflation rate came in as expected at 9.1% in August, up from 8.9% in July. This is more than three times the rate in August 2021.

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16 Sep, 2022 / 08:09

London's bluechip index clawed back some losses after the sharp sell-off in the previous two sessions.

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15 Sep, 2022 / 08:11