Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here . The Indian rupee fell to a new low on foreign outflows from the nation’s equities, as a delay in a trade deal with the US dents investor sentiment. The currency fell 0.3% to 91.2275 per dollar on Wednesday, breaching its previous record low set in December. I...
Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here . The Indian rupee fell to a new low on foreign outflows from the nation’s equities, as a delay in a trade deal with the US dents investor sentiment. The currency fell 0.3% to 91.2275 per dollar on Wednesday, breaching its previous record low set in December. It weakened for a sixth straight day and underperformed all Asian peers. “The rupee is getting hit by global uncertainties due to geopolitical developments, in addition to idiosyncratic issues like the US trade deal and capital outflows,” said Madhavi Arora , lead economist at Emkay Global Financial Services Ltd. Foreign investors have pulled $2.7 billion from Indian equities this month , after about $19 billion of outflows last year. A delay in finalizing a trade deal with the US is also hurting sentiment. A steep 50% tariff on Indian goods has hit exporters, while strong imports have kept dollar demand high, adding to the pressure on the rupee. In recent sessions, the Reserve Bank of India has intervened through dollar sales in the currency market to support the rupee, according to people familiar with the transactions. Read More: What’s Driving the Indian Rupee’s Sharp Slide in 2025: QuickTake
Lithium ’s violent price swings have prompted China’s futures exchange to intervene once again to manage market risks. The lithium carbonate contract on the Guangzhou Futures Exchange closed limit-up on Tuesday. Futures have touched their daily limits — whether up or down — on several occasions this month. The bourse has responded to the volatility by allowing more leeway, widening the daily tradi...
Lithium ’s violent price swings have prompted China’s futures exchange to intervene once again to manage market risks. The lithium carbonate contract on the Guangzhou Futures Exchange closed limit-up on Tuesday. Futures have touched their daily limits — whether up or down — on several occasions this month. The bourse has responded to the volatility by allowing more leeway, widening the daily trading band to 11% from 9% as of Wednesday’s settlement. It’s the sixth time Guangzhou has stepped in since Dec. 19. Its previous interventions involved capping new positions and raising fees to quell the moves. Still, open interest and trading volumes have remained elevated, following the records hit in November. The lithium market isn’t a stranger to turmoil, but expectations of ballooning demand for batteries, combined with anxieties over supply, have spurred extreme swings more regularly on the exchange. “There have been more uncertain factors driving lithium carbonate futures recently, leading to heightened price volatility and increased market attention,” said a spokesperson for the bourse. The most-active contract extended gains by 6% to 164,820 yuan ($23,669) a ton on Wednesday. Prices have doubled since the start of November, propelled by bets on growth in energy storage systems , an uncertain supply outlook in one of China’s main production hubs, and the potential front-loading of the country’s exports in the first quarter. The breakneck expansion in battery metals means market reactions can be outsized on even hints that supply and demand may be shifting. Chinese market watchdogs typically step in when they believe moves are getting out of control. Guangzhou was also among the exchanges that ordered local brokers this month to remove servers operated by high-frequency traders, a measure led by regulators to quash rapid-fire trading. But lithium has also been caught up in broader enthusiasm for metals, from copper to silver and gold, which have roared higher in recent...
Carney warns US-led global system of governance is enduring ‘a rupture’ as US president flies in for showdown with European leaders over Greenland Canadian prime minister Mark Carney has said that the US-led global system of governance is enduring “a rupture,” defined by great power competition and a “fading” rules-based order. His speech to political and financial elites at the World Economic For...
Carney warns US-led global system of governance is enduring ‘a rupture’ as US president flies in for showdown with European leaders over Greenland Canadian prime minister Mark Carney has said that the US-led global system of governance is enduring “a rupture,” defined by great power competition and a “fading” rules-based order. His speech to political and financial elites at the World Economic Forum comes a day before US President Donald Trump was set to address the gathering in Davos, Switzerland. Continue reading...