Seoul, Dec 31 (IANS) The local currency posted its weakest annual average against the US dollar ever this year, data showed on Wednesday, amid political turmoil and increased overseas stock investments by local investors.The won averaged 1,422.16 won against the greenback in onshore trading in 2025, the lowest level on record, according to market data, reports Yonhap news agency.The previous record yearly low of 1,398.39 won was set in 1998, when South Korea was hit by the Asian financial crisis…
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New Delhi, Dec 29 (IANS) Factors like India-Pakistan conflict in May, deadly Air India crash in June, flight cancellations earlier this month due to severe IndiGo crisis and the rupee depreciation against US dollar can result in Rs 170-Rs 180 billion loss to the Indian aviation industry this fiscal (FY26), higher than the earlier projections of Rs 95-Rs 105 billion, a report showed on Monday.ICRA has revised its forecast for domestic air passenger traffic growth to 0-3 per cent in FY26 against i…
Seoul, Dec 28 (IANS) Experts on Sunday viewed the 1,420 level as an annual average for the won against the U.S. dollar, as financial authorities stepped up verbal intervention to arrest the won’s slide.The Korean won closed at 1,440.3 won against the US dollar on Friday, marking the lowest level since Nov. 4, according to data from Seoul Money Brokerage Services, reports Yonhap news agency.With financial authorities stepping up verbal intervention to curb the won’s weakness, the won rose sharply…
New Delhi, Dec 26 (IANS) The Reserve Bank of India (RBI) has announced the premature redemption price for Sovereign Gold Bond (SGB) 2017-18 Series-XIII (SGBs) due on Friday.SGB 2017-18 Series-XIII issued on December 26, 2017 can be prematurely redeemed at Rs 13,563 per gram. SGBs have an eight-year maturity, but investors can opt for premature redemption from the fifth year onwards.This SGB was issued at Rs 2,866 per gram without discount and investors achieved 381.6 per cent absolute simple ret…
New Delhi, Dec 23 (IANS) Net foreign direct investment (FDI) in India nearly doubled to $6.2 billion during April‑October from $3.3 billion a year earlier, primarily due to fall in repatriation of foreign capital despite a rise in outward FDI, an official statement has said.The RBI’s December Monthly Bulletin said gross inward FDI rose marginally to $58.3 billion in April‑October from $50.5 billion a year ago, and remained steady in October with Singapore, Mauritius and the United States a…
New Delhi, Dec 23 (IANS) In real effective terms, the Indian rupee remained stable in November, as depreciation of the INR in nominal effective terms was offset by higher prices in India compared to its major trading partners, according to the Reserve Bank of India’s (RBI) December Bulletin.The rupee depreciated against the US dollar in November, pressured by the strengthening of the US dollar, muted foreign portfolio flows, and uncertainty surrounding the India-US trade deal.“The volatility…
New Delhi, Dec 22 (IANS) The Indian rupee rose for the second consecutive session on Monday from new lows amid continuous intervention by the Reserve Bank of India (RBI).The currency opened 24 paise higher at 89.41 against the US dollar after closing at 89.65 on December 19.Analysts noted that volatility remains the main focus amidst rupee’s comeback and follow‑through in RBI actions and global dollar moves remains crucial in near future.Currency market watchers said 89.20 has emerged as a cru…