South African Rand Regains Ground Against Dollar

JOHANNESBURG Oct 20 Reuters The South African rand regained lost ground on Friday against the U.S. dollar while global focus remained on conflict in the Middle East. At 1505 GMT, the rand traded at 18.9350 against the dollar , over 0.5 weaker than its previous close. The rand had weakened in the past couple of […]
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Rupee to Take Support from RBIs Late Heavy Intervention

MUMBAI, Oct 20 Reuters The Indian rupee is expected to inch up at open on Friday, drawing support from the Reserve Bank of India39;s RBI likely aggressive intervention late in the previous session. Nondeliverable forwards indicate rupee will open at around 83.1683.18 to the U.S. dollar compared with 83.2450 on Thursday. The RBI was offering […]
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