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.

Read More

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.

Read More

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.

Read More

Scroll to Top