Asia Stocks Rise as Earnings Eyed

Gold Silver Reports (GSR) – Asia Stocks Rise as Earnings Eyed – Equity markets in Japan and Australia eked out feeble gains in a muted start, while Hong Kong stocks pointed higher. Futures on the S&P 500 Index climbed. The S&P 500 Index gained to the highest in almost a month and erased its loss for the year as investors turned their focus to the earnings season after there was no immediate reprisal to the U.S.-led missile strike in Syria and trade concerns took a back seat.

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Forex Intervention & Reserves

Rupee

Gold Silver Reports (GSR) – Forex Intervention & Reserves — The third criteria used by the U.S. Treasury department is the only real reason why India has been included in the watch list of currency manipulators.                

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India May Give Freer Rein to Rupee After Making U.S. FX List

Rupee

Gold Silver Reports (GSR) – India May Give Freer Rein to Rupee After Making U.S. FX List – India increased its purchases of foreign currency last year and has a “significant” trade surplus with the U.S., the Treasury noted in its semi-annual report on foreign-exchange practices released in Washington on Friday. The rupee has been the second-worst performing Asian currency this year, dropping 2.4 percent against the dollar, after strengthening 6.4 percent in 2017.              

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