Investing in Currencies

Mumbai, Jan 10 (IANS) The recovered early losses to end higher for a sixth straight day on Wednesday as expectations rose about more foreign funds flowing in.The rupee settled at 83.0350 vis-a-vis the U.S. dollar, its highest closing level since December 15 up from 83.1150 in the previous session.The Indian currency opened lower and fell to an intraday low of 83.18 earlier in the day, before rising again to an over three-week high of 82.98 in the session."The rupee experienced volatility, ranging between 83.18 (on the weaker side at the...

By Ankur Banerjee and Joice Alves SINGAPORE/LONDON (Reuters) -The dollar edged lower on Wednesday in cautious trading as investors awaited U.S. inflation data later this week, while bitcoin was volatile after a fake social media message was posted on the U.S. securities regulator’s account. The Securities and Exchange Commission (SEC) said someone briefly accessed its X social media account and posted a false message saying it had approved exchange traded funds (ETFs) for bitcoin, a move eagerly awaited by the crypto industry. The SEC said it had not yet approved...