News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Wall Street
More View more
Real Time News
  • Sri Lankan central bank standing lending rate unchanged at 5.5%, standing deposit rate unchanged at 4.5%- BBG
  • US macro data were largely mixed overnight, with the initial jobless claims showing further weakness while durable goods orders beat expectations. The weekly jobless claim report registered 778k for the week ending Nov 21, marking a fifth-week high (chart below).
  • Singapore's Straits Times Index might be vulnerable to a technical pullback after rising more than 19% in November. An immediate support level can be found at 2,800.
  • Gold and silver prices have come under significant pressure recently. However, this correction lower could prove short-lived as price analysis hints at a reversal higher. Get your $XAUUSD market update from @DanielGMoss here:
  • Australian Dollar to Rise as Easing Border Restrictions Buoy Sentiment - $AUD $AUDJPY $AUDUSD
  • 🇰🇷 Interest Rate Decision Actual: 0.5% Expected: 0.5% Previous: 0.5%
  • Bank of Korea: 2020 GDP growth seen at -1.1% versus -1.3% projected in August, 2021 GDP growth seen at 3.0% versus 2.8% anticipated prior -BBG
  • Heads Up:🇰🇷 Interest Rate Decision due at 01:00 GMT (15min) Actual: 0.5% Expected: 0.5% Previous: 0.5%
  • 7 out of 11 Dow Jones sectors ended lower, with about 63.3% of the index’s constituents closing in the red. Energy (-3.64%) , materials (-2.25%) and communication services (-1.24%) were among the worst performers on Wednesday.
  • Australian Private Capital Expenditure -3.0% in Q3 vs -1.5% expected and from -6.4% in Q2 (revised worse from -5.9%), $AUDUSD little changed so far -BBG
Indian Rupee Rises as RBI Signals Rate Cuts Done for Now

Indian Rupee Rises as RBI Signals Rate Cuts Done for Now

2015-09-29 07:35:00
Oded Shimoni, Junior Currency Analyst

Talking Points:

  • Repo rate cut to 6.75%, Reverse repo cut to 5.75%
  • The Indian Rupee rose 0.5% versus the US Dollar
  • RBI to shift focus to seeing banks implement rate cuts

The Indian Rupee rose 0.5 percent versus the US Dollar despite a larger than expected interest rate cut from the RBI as the central bank hinted that further easing unlikely for the time being. The RBI cut the benchmark repurchase rate to 6.75 percent from 7.25 percent, and the Reverse repo rate to 5.75 percent from 6.25 percent. The cash reserve rate remained unchanged at 4.00 percent. The move marked the fourth interest rate cut this year.

While economists expected a cut of 25 basis points, the RBI “front-loaded” a bigger cut in an attempt to stimulate the economy due to global growth concerns and broad-based disinflation after price growth excluding food and fuel came off its peak in June.

Reading the monetary policy statement, the RBI now turns its focus to working with the government in order to ensure that banks implement monetary policy in the near term. The RBI remarked that while the market was transmitting prior RBI cuts via commercial paper and corporate bonds, banks have done so only to a limited extent. The markets appeared to interpret this to mean that further RBI easing is unlikely for the time being.

Indian Rupee Rises as RBI Signals Rate Cuts Done for Now

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.