Bloomberg Rupee traders, lulled into a sense of complacency by the Reserve Bank of India’s massive dollar purchases, are in for a rude awakening as the monetary authority takes a break from soaking up the greenback. The rupee was the best-performing currency in Asia, up 0.6% to 73.43 to a dollar. It is up about 2% for the week, the ...

Bloomberg Nigeria’s central bank’s decision to resume the supply of dollars to money changers is raising the risk unscrupulous traders will profit from the country’s multiple exchange rates, according to Rand Merchant Bank. The regulator said that it will sell dollars from September 7 to foreign-exchange agents for the first time since March, when the country closed its air borders ...

Bloomberg Most Middle Eastern equity markets advanced on Sunday, with major gauges heading for the best monthly performance since April amid growing optimism regarding a coronavirus vaccine and higher oil prices. The main indexes in Dubai, Abu Dhabi and Saudi Arabia were all headed to the best monthly advance in four months, with Dubai’s DFM General Index leading the increase ...