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South African Rand News

Rupee trades flat at 62.32 to the dollar

The rupee was trading flat at 62.32 to the dollar, after equities rallied across the globe on better than expected economic data from the US. The US payroll report released on Thursday saw rising hopes that economic recovery in the ...

Why the Indian Rupee withstood the global currency turmoil?

Almost every emerging market currency was jolted this week from the South Africa Rand, to the Argentinian Peso, to the Turkish Lira to the Russian Rouble and the Brazilian Real. Several countries have been defending their currencies, by hiking rates ...

Emerging market currencies hit; is the rupee likely to fall further?

On Friday, the South African Rand plunged to a 5-year low, the Ukraine's Hryvnia sank to a 4-year low, Turkish Lira hit a lifetime low and Argentina's Peso sunk 20 per cent for the week. In India, the rupee hit ...

Dow sees worst weekly drop since June 2012; emerging market currencies whacked

The US markets saw a sharp drop in trade on Friday with the US Dow Jones Industrial Average plunging 2 per cent or 318 points, as emerging market currencies were whacked. The S&P 500 on the other hand lost 2.1 ...