Some of Asia’s strongest currency trends are starting to unravel in the final trading days of the year, with the South Korean won and the Thai baht leading the reversals.
Some of Asia’s strongest currency trends are starting to unravel in the final trading days of the year, with the South Korean won and the Thai baht leading the reversals.
Indian bonds rallied the most in nearly nine months on Wednesday after the central bank announced fresh measures to boost banking-system liquidity, including government bond purchases and a foreign-exchange swap.
Indian bonds rallied the most in nearly nine months on Wednesday after the central bank announced fresh measures to boost banking-system liquidity, including government bond purchases and a foreign-exchange swap.
India must find ways to reduce borrowings by its provinces as a record issuance by them will weigh on bonds and keep interest rates high, according to a veteran trader at Bank of America Corp.
India must find ways to reduce borrowings by its provinces as a record issuance by them will weigh on bonds and keep interest rates high, according to a veteran trader at Bank of America Corp.
India’s central bank conducted foreign-exchange swaps on Tuesday, according to people familiar with the matter, a move that cooled a sharp rise in hedging costs.
India’s central bank conducted foreign-exchange swaps on Tuesday, according to people familiar with the matter, a move that cooled a sharp rise in hedging costs.
The Reserve Bank of India logo on barrier tape at the central bank's headquarters building in Mumbai. Photographer: Dhiraj Singh/Bloomberg
India’s central bank stepped in forcefully to support the rupee, propelling it to the biggest gain in seven months in a move that some analysts said was intended to punish those betting on a one-way slide in the currency.
India’s central bank stepped in forcefully to support the rupee, propelling it to the biggest gain in seven months in a move that some analysts said was intended to punish those betting on a one-way slide in the currency.
The Indian rupee’s rapid slide to successive record lows in recent weeks has analysts debating why the central bank has refrained from intervening more forcefully to support the currency.
The Indian rupee’s rapid slide to successive record lows in recent weeks has analysts debating why the central bank has refrained from intervening more forcefully to support the currency.
India’s central bank injected $5 billion through a foreign-exchange swap auction, deploying the tool for the first time since March as signs of liquidity strain emerge among lenders.
India’s central bank injected $5 billion through a foreign-exchange swap auction, deploying the tool for the first time since March as signs of liquidity strain emerge among lenders.
The Reserve Bank of India headquarters building in Mumbai. Photographer: Dhiraj Singh/Bloomberg
The Indian rupee fell to a new record low, pressured by outflows from the nation’s stocks and bonds on delays in securing a deal with the US to cut tariffs.
The Indian rupee fell to a new record low, pressured by outflows from the nation’s stocks and bonds on delays in securing a deal with the US to cut tariffs.
Rupee banknotes counted at a currency exchange in New Delhi. Photographer: Prakash Singh/Bloomberg
Indian pension managers have countered an industry regulator’s proposal aimed at shielding the $175-billion industry from bond volatility, saying it could distort fund values, according to people familiar with the matter.
Indian pension managers have countered an industry regulator’s proposal aimed at shielding the $175-billion industry from bond volatility, saying it could distort fund values, according to people familiar with the matter.
India’s policy of managing the exchange rate’s volatility hasn’t changed, central bank Governor Sanjay Malhotra said, quashing speculation that it was allowing large swings by staying on the sidelines and letting the rupee plumb new record lows this week.
India’s policy of managing the exchange rate’s volatility hasn’t changed, central bank Governor Sanjay Malhotra said, quashing speculation that it was allowing large swings by staying on the sidelines and letting the rupee plumb new record lows this week.
Sanjay Malhotra, governor of the Reserve Bank of India (RBI), during the International Monetary Fund (IMF) and World Bank Fall meetings at the IMF headquarters in Washington, DC, US, on Wednesday, Oct. 15, 2025. The International Monetary Fund warned that the global economy is showing signs of strains from sweeping US tariffs and protectionism even though it so far has held up better than expected.
The Indian rupee has tested a series of record lows this year, and some analysts warn it could slip to the psychologically key 90-per-dollar level if a crucial trade deal with the US doesn’t materialize soon.
The Indian rupee has tested a series of record lows this year, and some analysts warn it could slip to the psychologically key 90-per-dollar level if a crucial trade deal with the US doesn’t materialize soon.
The Indian rupee slid to a new all-time low against the dollar as lingering uncertainty over a US trade deal outweighed optimism from the economy’s strongest growth in six quarters.
The Indian rupee slid to a new all-time low against the dollar as lingering uncertainty over a US trade deal outweighed optimism from the economy’s strongest growth in six quarters.
India’s rupee weakened to a new record, pressured by dollar demand from importers and delays in reaching a trade deal that would reduce harsh US tariffs on the South Asian nation.
India’s rupee weakened to a new record, pressured by dollar demand from importers and delays in reaching a trade deal that would reduce harsh US tariffs on the South Asian nation.
The International Monetary Fund reclassified India’s exchange-rate regime after the rupee moved more freely, and said the nation is well-positioned to allow greater flexibility in its currency.
The International Monetary Fund reclassified India’s exchange-rate regime after the rupee moved more freely, and said the nation is well-positioned to allow greater flexibility in its currency.
International Monetary Fund headquarters in Washington.
The International Monetary Fund will soon reclassify India’s exchange rate regime to include references to a crawling peg, according to people familiar with the matter, a move that would reflect increased rupee volatility under a new central bank governor.
The International Monetary Fund will soon reclassify India’s exchange rate regime to include references to a crawling peg, according to people familiar with the matter, a move that would reflect increased rupee volatility under a new central bank governor.
India’s central bank Governor Sanjay Malhotra said recent macroeconomic data reinforces the case for a cut in the benchmark rate, triggering a drop in bond yields.
India’s central bank Governor Sanjay Malhotra said recent macroeconomic data reinforces the case for a cut in the benchmark rate, triggering a drop in bond yields.
India’s rupee rebounded after the central bank stepped back in to support it, following a sharp drop on Friday when the authority appeared to ease up on the firm defense it had maintained in recent weeks.
India’s rupee rebounded after the central bank stepped back in to support it, following a sharp drop on Friday when the authority appeared to ease up on the firm defense it had maintained in recent weeks.
India’s rupee tumbled to an all-time low against the dollar, with losses accelerating after policymakers surprised traders by choosing not to prop it up as they had been doing for months.
India’s rupee tumbled to an all-time low against the dollar, with losses accelerating after policymakers surprised traders by choosing not to prop it up as they had been doing for months.
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