Indian Rupee Poised to Weaken on CB Pulls 2,000Rupee Notes

MUMBAI, May 22 Reuters The Indian rupee is expected to open weaker against the U.S. dollar after the central bank said it will withdraw the highest value currency note from circulation. Nondeliverable forwards indicate rupee will open at around 82.8082.84 to the dollar, compared to 82.66 in the previous session. On Friday, the Reserve Bank […]
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Fed Rate Hike Pause, No U.S. Debt Deal Yet, USD Loses Ground, U.S. Stocks Lower, Metals Reverse

PREVIOUS TRADING DAY EVENTS 19 May 2023 Announcements   The G7 meetings are in the global media spotlight this week. Finance ministers and central bankers from 7 industrialised nations Canada, Italy, France, Germany, Japan, the U.K. and the U.S. gather together in Japan and special talks take place with reporters throughout the day. A formal statement […]
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