Thai

Emerging Markets: Thai baht weaken 0.5%, shares tumble as Covid-19 cases spike; Indian rupee hits 8-month low as virus cases skyrocket | The Star Online

India’s rupee on Monday plunged beneath 75 towards the US greenback for the primary time in eight months amid a speedy enhance in second-wave of coronavirus instances, whereas considerations over rising US bond yields harm broader rising Asian markets.

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Weaker currencies push Indian, Thai rice export rates lower | Yahoo Finance

Rice export costs for the Indian and Thai varieties slipped this week as a consequence of weak spot in rupee and baht, whereas Vietnamese exercise slowed publish a harvest. Charges for prime exporter India’s 5% damaged parboiled rice fell for a second straight week to $390-$395 per tonne from $393-$398 final week, because the rupee dipped to a close to five-month low. The rupee’s depreciation, translating into increased margins for merchants, has allowed exporters to decrease costs, stated an exporter primarily based in Kakinada within the state of Andhra Pradesh.

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Thai Central Bank Declares Baht-Pegged Stablecoin Illegal in Violation of Currency Law – Regulation Bitcoin News | Bitcoin News

Thailand’s central financial institution has declared a stablecoin pegged to the Thai Baht unlawful, citing violation of the nation’s foreign money legislation. The Financial institution of Thailand (BOT) is at the moment engaged on a regulatory framework for stablecoins.

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