South Korean food and confectionery companies, including Nongshim, CJ Foodville, and BR Korea, are raising product prices by 5.8% to 6.5% due to increased costs from the Korean won's depreciation and rising oil prices linked to Middle East tensions.
The Indian Rupee has depreciated nearly 9% against the USD since early 2025, facing headwinds from equity valuations, AI theme exclusion, and geopolitical tensions. The RBI has intervened heavily, selling $87 billion and increasing its short forward book. Measures like tax removal and FCNR deposits aim to attract capital, but a proposed FX cash reserve ratio could resolve currency leads and lags without altering interest rates.
Singapore-based Carousell announced it achieved positive EBITDA for the first time, with revenue up 18% to S$141 million. Co-founder Marcus Tan highlighted user experience investments paying off, signaling a new phase of growth for the re-commerce business.
The Japanese yen fell below 161 against the U.S. dollar late Thursday, nearing a 40-year low and sparking renewed speculation of potential government intervention. Despite previous interventions and a Bank of Japan rate hike, the yen continues to weaken due to structural factors.
Amit Khurana of Dolat Capital upgraded India's IT sector, citing low valuations and rupee depreciation. He anticipates double-digit net earnings growth for IT exporters by FY27 and backs LTIMindtree, OFSS, eClerx Services, and Intellect Design Arena.
Indian companies face intense investor scrutiny over forex strategy as the rupee depreciates ~10% against the dollar. Exporters benefit, but importers face rising costs, prompting stronger hedging. "Rupee depreciation" and "hedging" mentions surged on earnings calls.
India's economy is significantly impacted by a nearly 60% surge in crude oil prices, exacerbated by rupee depreciation and heavy import reliance. A report warns of potential $200/barrel oil prices if the Strait of Hormuz closes, risking a global recession.
India's rupee has become Asia's worst-performing currency, falling over 7% in 2026 alone and reaching record lows against the US dollar. Factors include the US-Iran war, global flight to safety, US tariffs, and interest rate differentials.
ING Group has updated its Turkish Lira outlook, raising dollar/TL forecasts. The bank predicts the exchange rate could reach 46.30 in one month, 48.05 in three months, 51.20 in six months, and 56.30 in twelve months.
The Supreme Court ruled Delhi electricity consumers cannot be charged for depreciation costs of a TATA Power plant that is no longer supplying power. The court emphasized consumer interests in tariff regulation.
India's rupee fell to an all-time low of 96.20 against the US dollar, down 0.2%, due to Middle East conflict, rising oil prices, and macroeconomic concerns. Authorities are implementing measures to curb its decline.
Rupee has hit a decade-low against global peers, driven by soaring oil prices and significant foreign investor withdrawals. This depreciation, reflected in a weakened Real Effective Exchange Rate, makes exports cheaper but imports costlier. Despite the current undervaluation, a swift recovery is not anticipated due to sustained dollar demand.
