Asia's currencies increase amid delayed U.S. stimulus cuts

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Source: Bloomberg
Majority of currencies in Asia strengthened this week led by the Indian Rupee amid concerns that the Federal Reserve postpones its monetary stimulus cuts amid unfavourable situation in a debate for the new federal budget. India's Rupee rose 1.2% to 61.74 per U.S. Dollar at close, Taiwan's Dollar gained 1.2% to NT$29.316 at 10:37 a.m. Taipei time and the Philippine Peso advanced 0.3% to 43.208.

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Fri, 04 Oct 2013 09:41:03 GMT

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