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Rupee bounce fizzles as RBI intervention thins, arbitrage flows pick up

By Jaspreet Kalra and Dharamraj DhutiaThe Indian rupee gave up early gains on Thursday as central bank intervention waned by midday, while dollar demand related to arbitrage trades between the non-deliverable forward and onshore market picked up.The rupee FX_IDC:USDINR rose to a peak of 94.9375 in…

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Forex
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Japan government panel member calls for moderate BOJ rate hikes

By Leika KiharaThe Bank of Japan should continue to raise interest rates at a moderate pace to rectify excessive yen declines, Toshihiro Nagahama, a government panel member known as an economic aide to dovish Prime Minister Sanae Takaichi, said on Thursday.Nagahama also said the Takaichi administra…

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BondsEconomy
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French budget balance -93.31 bln euros at end-May

France's Finance Ministry published on Thursday the following monthly budget data for May.Figures in billions of euros unless otherwise stated.*The Treasury special accounts track the balance of inflows and outflows for targeted revenues and outlays, for example receipts from local government.

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Economy
reuters

UK's Currys says trading 'very solid' after 18% profit jump

British electricals retailer Currys LSE:CURY said on Thursday trading in the early part of its new financial year had been "very solid", as it reported an 18% rise in profit for 2025/26, growing sales in both its home market and the Nordics.Currys, which sells computers, gaming products, television…

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