ZAR, Stocks Fall 1 as USD Gains from Risk Aversion

JOHANNESBURG, June 23 Reuters South Africa39;s rand weakened 1 against the U.S. dollar on Friday as concerns about global economic growth weighed on risk sentiment. At 1241 GMT, the rand traded at 18.7150 against the dollar , 1 weaker than its previous close. Hawkish comments from global central banks, including the U.S. Federal Reserve, stoked fears that […]
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INR Drops, but Clings to 82 to USD on Portfolio Inflows

MUMBAI, June 23 Reuters The Indian rupee declined on Friday, but performed better than the other Asian currencies, thanks to persistent foreign inflows into domestic equities, traders said. The rupee was at 82.0250 to the U.S. dollar by 1128 a.m. IST, down from 81.95 in the previous session. The losses in the domestic unit paled […]
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Zambia Seals 6.3 Billion Debt Restructuring Deal

PARIS, June 22 Reuters Zambia has clinched a deal to restructure more than 6 billion in debts owed to other governments, a French official said on Thursday, in a longawaited breakthrough to ease pressure on the southern African country39;s strained public finances. Zambia in 2020 became the first African country to default on its sovereign […]
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