INDIAN RUPEE: REVERSES FOUR-DAY CLIMB

Gold Silver Reports — The Indian rupee edged slightly lower against the dollar in early hours on Friday, 17 March 2017, reversing its 4-day climb, as the American currency got some of its lure back among banks and importers. The dollars strength overseas weighed, but a higher opening in domestic equities cushioned the impact.

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Banking Sector Burdened by Increasing Bad Loans

Banking Sector Burdened by Increasing Bad Loans

Gold Silver Reports — India’s under-capitalized lenders should be restricted from expanding deposits and loans to help revive the banking sector burdened by increasing bad loans, a deputy governor at the nation’s central bank said.

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Looking for the best carry trade in currency markets?

Gold Silver Reports — Looking for the best carry trade in currency markets? The Taiwan dollar leads the pack. With global currency volatility near a three-month low, conditions are supportive for carry trading in emerging currencies from the Brazilian real to the Thai baht and Russian ruble. The Taiwan dollar trade has outperformed this year, defying concerns that U.S. President Donald Trump may impose protectionist policies that hurt the island’s exports, which are critical to its economy. Overseas shipments have actually been growing. Taiwan also recently raised its 2017 economic growth forecast, and its financial markets are sizzling.

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Rupee Climbs to 1-Week High on Dollar Weakness

Gold Silver Reports — Rupee Climbs to 1-Week High on Dollar Weakness — The rupee continued its impressive run against the broadly weak dollar for the second straight day , surging by a solid 15 paise to end at 67.95 -a level last seen on December 30 -amid hopes for a speedy roll-out of GST.

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