Topic
foreignexchange
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Business & Economy · IndiaRupee falls to 95.59 against dollar after RBI shortens FCNR(B) swap deadline
The Indian rupee depreciated to 95.59 against the U.S. dollar on 17 August 2026 after the RBI advanced the deadline for its FCNR(B) swap facility by a month. The central bank said the scheme had attracted $50 to 56.84 billion in foreign exchange inflows, but traders warned the support may be temporary.
India5 min readTrust 86 · Craft 95 · Hype 15- Business & Economy · Asia-Pacific
US buys Japanese yen for first time in decade to support currency at 40-year low
The United States intervened in currency markets to buy Japanese yen for the first time in over a decade, aiming to bolster the currency after it fell to a 40-year low against the dollar. President Donald Trump described the move as a gesture of alliance, though reports disagree on whether it occurred on Friday or Sunday.
Asia-Pacific3 min readTrust 60 · Craft 69 · Hype 15
