foreign exchange markets

Latest news and articles about foreign exchange markets from NEX English

Central Bank Tightens Dollar Purchase Rules to Support Rupiah

The Governor of Indonesia's Central Bank, Perry Warjiyo, announced a reduction in the documentation threshold for dollar buyers to support the local currency, the rupiah. This decision comes after the rupiah fell to a new record low.

Indian Central Bank Takes Bold Steps to Support Declining Rupee

The Indian central bank has announced strong measures to curb speculation against the rupee, which has seen a significant decline in value. This move comes at a critical time as the Indian economy faces increasing pressures from global market fluctuations.