Monthly Archives: September 2005

Strike hits early trade in forex market

Mumbai: Early trade was adversely affected at the Interbank Foreign Exchange market here today due to the nation-wide one day industrial strike after the bulk of bank employees joined a slew of unions to protest the Centre’s privatisation policy. In thin dealing at the Forex spot market, the rupee was quoted at Rs 44.0250/0350 per [...]

Yen keeps gains as foreigners snap up Japan stocks

TOKYO, Aug 23 - The yen clung to solid gains on Tuesday as foreign investors continued their love affair with Japanese stocks, helping to push the Nikkei share average to a fresh four-year high.The Japanese currency has stolen the limelight in a week devoid of major economic data in the United States and with many [...]

Tanigaki says G7 may discuss yuan, forex

TOKYO, Sept 16 - Japanese Finance Minister Sadakazu Tanigaki said on Friday that foreign exchange issues including China’s yuan may be discussed at a meeting of the Group of Seven next week.
Tanigaki said it may take a while for China to become familiar with its new currency regime, but he hoped it would do so [...]