Rupee Drops to Record Low as Dollar Strength Weighs on Sentiment [BNN Bloomberg (Canada)]
Shinhan Financial Group Co Ltd American Depositary Shares (SHG)
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Source: BNN Bloomberg
The Indian rupee fell to a record low as a stronger dollar weighed on regional sentiment. The currency dropped as much as 0.1% to 83.5350 per dollar on Tuesday, breaching its previous intraday low of 83.50 hit in November, according to prices compiled by Bloomberg. Stocks also fell, with the S&P BSE Sensex Index trading down 0.5%. A drop in yuan spurred by China unexpectedly weakening its currency defense and simmering tensions in the Middle East that risk fanning costlier oil contributed to the risk-off mood. Crude oil is India's biggest import and higher prices may hurt the economy at a crucial time before national elections. Read More: Dollar Bulldozes Its Way Through Asian FX With Help From Yuan A weaker rupee prompted traders to speculate the central bank may use its record foreign exchange reserves and intervene in the market to curb volatility. Still, the rupee was among the best-performing emerging market currencies on Tuesday, declining much less than Indonesia's rup
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News
- Shinhan Financial Group files its FY2023 Form 20-F to the SECPR Newswire
- EQT AB (publ) Q1 Announcement 2024 [Yahoo! Finance]Yahoo! Finance
- Shinhan Financial Group Co., Ltd. (NYSE: SHG) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Is Shinhan Financial Group Co (SHG) Stock Undervalued Right Now? [Yahoo! Finance]Yahoo! Finance
- Should Value Investors Buy Shinhan Financial Group Co (SHG) Stock? [Yahoo! Finance]Yahoo! Finance
SHG
Sec Filings
- 4/26/24 - Form 6-K
- 4/26/24 - Form 6-K
- 4/26/24 - Form 6-K
- SHG's page on the SEC website