The world’s greatest overseas real estate binge might finally be over. According to the People’s Bank of China (PBoC), China saw its forei...
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The world’s greatest overseas real estate binge might finally be over. According to the People’s Bank of China (PBoC), China saw its forei...
India’s growth looks strong — so why is financial stability under pressure?
Growth looks strong, but pressure is building beneath the surface. The economy of India continues to experience growth, but it has started experiencing some difficulties in its financial systems. In March, the rupee fell below 94 to 1 USD. At the same time, bond yields rose to their highest levels seen in the past year. At surface level, these are normal market fluctuations, but they point out…
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The recent U.S.–China trade dispute has prompted the biggest capital outflow from Chinese equities in nearly four years. More than $6 billion of capital has fled China’s stock market since May 6, according to data compiled by the Institute of International Finance (IIF).
The recent U.S.–China trade dispute has prompted the biggest capital outflow from Chinese equities in nearly four years. More than $6 billion of capital has fled China’s stock market since May 6, according to data compiled by the Institute of International Finance (IIF).
Rupee skids 24 paise to close at 73.56 against US dollar due to steady capital outflows
Rupee skids 24 paise to close at 73.56 against US dollar due to steady capital outflows
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Mumbai: The rupee pared its early gains to settle 24 paise lower at 73.56 against the US dollar Monday due to steady capital outflows and strengthening of the American currency.
The rupee came under pressure following heavy selling in domestic equities and the crude oil breaching the $80 per barrel mark on geopolitical worries related to the…
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Rupee ends 13 paise down at 63.97 against US dollar
Rupee ends 13 paise down at 63.97 against US dollar
The rupee on Thursday slipped by 13 paise to close at 63.97 against the US dollar on fresh demand for the greenback from banks and importers.
Besides, higher dollar overseas amid continued capital outflows kept the rupee under check, forex dealers said.
At the Interbank Foreign Exchange (Forex), the domestic currency resumed higher at 63.81 from last close of 63.84 and improved further to a high…
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New Post has been published on http://www.brianbrown.net/2014/09/30/the-ruble-just-fell-out-of-bed/
The Ruble Just Fell Out Of Bed
Russia’s currency and stock market have been getting bludgeoned lately, as sanctions and capital outflows have damaged the domestic economy.
And it’s getting worse.
Bloomberg reports that Russia is weighing capital controls to stem the rush of outflows from the country. Capital controls are legal limits on how much money you can take out of an economy, a dramatic measure that countries sometimes take to rescue a currency or financial system in the midst of a crisis.
Of course, talking about stemming the rush of outflows only encourages outflows (as people try to get ahead of the restrictions), and so the ruble is tanking on the news.
FinViz
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