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South Korea’s Factory Production Drops Unexpectedly, Auto and Petroleum Sectors Hit

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South Korea's factory production drops unexpectedly in auto and petroleum sectors, raising concerns for the economy. Find out more.

Rupee to strengthen as US dollar experiences significant decline in three months

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The Indian rupee may rise on Friday as the US dollar falls, with hope that the Federal Reserve won't act hawkishly. Non-deliverable forwards suggest the rupee will open at around 81.93-81.96 to the dollar, after a widening trade deficit caused a four-day winning streak to snap. The rupee has gained around 0.35% for the week so far and a trader with foreign bank believes it should see appreciation on Friday, possibly helped by the offshore Chinese yuan's move.

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Rupee to strengthen as US dollar experiences significant decline in three months

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The Indian rupee may rise on Friday as the US dollar falls, with hope that the Federal Reserve won't act hawkishly. Non-deliverable forwards suggest the rupee will open at around 81.93-81.96 to the dollar, after a widening trade deficit caused a four-day winning streak to snap. The rupee has gained around 0.35% for the week so far and a trader with foreign bank believes it should see appreciation on Friday, possibly helped by the offshore Chinese yuan's move.

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