[Tree] Kenya's oil import deal exit and forex market issues
Version 0.24 (2024-11-07 06:48:17.497000)
updates: Kenya exits oil import deal due to forex distortions
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Version 0.23 (2024-10-20 03:51:27.690000)
updates: Kenya's dollar reserves exceed KSh 1 trillion
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Version 0.22 (2024-10-06 06:49:52.424000)
updates: Foreign inflows double; shilling stability continues
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Version 0.21 (2024-09-28 05:54:44.239000)
updates: Kenya's reserves rise; Uganda shilling weakens
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Version 0.2 (2024-09-19 23:47:17.388000)
updates: Uganda shilling falls against dollar for first time in months
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Version 0.19 (2024-09-19 13:48:34.019000)
updates: Rand rises significantly after U.S. rate cut announcement
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Version 0.18 (2024-09-09 08:47:29.101000)
updates: Rand weakens as dollar strengthens ahead of inflation data
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Version 0.17 (2024-09-09 06:44:21.780000)
updates: Rupee weakens further due to global economic factors
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Version 0.16 (2024-09-05 04:33:06.394000)
updates: Rupee opens flat; oil prices steady; economic outlook concerns
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Version 0.15 (2024-08-18 19:34:54.184000)
updates: Rupee nearing 84, RBI interventions, economic indicators updated
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Version 0.14 (2024-08-13 13:08:27.601000)
updates: Rupee settles flat at 83.97 against U.S. dollar
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Version 0.13 (2024-08-12 13:15:07.586000)
updates: The Indian rupee closed at a new record low against the US dollar, with the Reserve Bank of India likely intervening to limit further depreciation. Most Asian currencies also fell, and traders expect the rupee to be rangebound ahead of the release of US consumer inflation data. Interest rate futures are pricing in rate cuts, and India will report its consumer inflation data soon.
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Version 0.11 (2024-08-09 06:04:11.555000)
updates: Indian rupee strengthens by 8 paise against US dollar
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Version 0.1 (2024-08-09 05:01:22.899000)
updates: Rupee rises 8 paise to 83.89 against US dollar in early trade
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Version 0.09 (2024-08-09 04:59:48.542000)
updates: The Indian rupee has rebounded from near the 84-mark low against the US dollar
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Version 0.08 (2024-08-08 11:04:01.121000)
updates: The Indian rupee reached a new record low against the US dollar on August 7, 2024 [f1ae3741]. The Reserve Bank of India (RBI) intervened by selling dollars to stabilize the currency. The rupee has been affected by the unwinding of carry trades and increased demand for dollars by local importers. The overall forex market is jittery due to US economic slowdown risks, monetary policy divergence, and geopolitical tensions in the Middle East. Investors should expect continued volatility in the currency markets [f1ae3741]. The Indian rupee closed at an all-time low against the US dollar, despite efforts by state-run banks to prop it up. India's BSE Sensex and Nifty 50 indices both fell 0.7%, mirroring declines in European and Japanese markets. Investors are concerned about a potential US economic downturn and are unwinding carry trades fueled by a soft yen. Other Asian currencies, especially the Indonesian rupiah, edged higher. The dollar index climbed to 103.1, up slightly against a basket of six major currencies. The RBI's steps to bolster the rupee show central banks are ready to intervene in tough times. India's foreign exchange reserves are at a record $675 billion. Barclays Bank predicts the RBI might start easing its monetary policy from December 2024 [9f84d4c3].
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Version 0.07 (2024-08-07 13:04:21.199000)
updates: Indian rupee hits record low of 83.9725 against the dollar; RBI intervenes to stabilize the currency
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Version 0.06 (2024-08-02 06:06:54.244000)
updates: RBI intervention to stabilize Indian rupee amid market turmoil
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Version 0.05 (2024-08-02 04:00:12.800000)
updates: Indian Rupee approaches record-low levels against US Dollar
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Version 0.04 (2024-06-24 07:53:46.443000)
updates: Updates on rupee's stability, expected inflows, and weak Asian peers
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Version 0.03 (2024-06-23 08:56:02.508000)
updates: Updates on rupee pressure and political skirmishes
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Version 0.02 (2024-06-20 10:54:19.803000)
updates: New information on India's economic growth and the carry trade
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