Malavika Kaur Makol

(Bloomberg) -- The Indonesian rupiah dropped past the key psychological level of 16,000 per dollar, escalating pressure on the central bank to ramp up its defense of the currency.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxBrace for a Nationwide Shuffle of Corporate HeadquartersCity Hall Is HiringAmerican Institute of Architects CEO ResignsCloud Computing Tax Threatens Chicago’s Silicon Valley DreamThe rupiah fell as much as 0.5% to 16,002 per dollar on Friday,

Global funds are exploring ways to blend the new economy and the old to shield their Asian investments in 2025 from the challenges of uncertain US trade policies and a strong dollar.

Global funds are exploring ways to blend the new economy and the old to shield their Asian investments in 2025 from the challenges of uncertain US trade policies and a strong dollar.

Pakistan’s efforts to curb illegal foreign-exchange trades are seen boosting the nation’s remittances to a record high this year.

Pakistan's efforts to curb illegal foreign-exchange trades are seen boosting the nation's remittances to a record high this year.

The Indian rupee fell past 85 per dollar to a new low, declining with most Asian peers as hawkish commentary by the Federal Reserve weighed on sentiment.

(Bloomberg) -- Sign up for theIndia Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly.Most Read from BloombergNYPD Car Chases Are Becoming More Frequent — and More DangerousThe rupee breaching 85 per dollar has traders speculating about the next line in the sand under the new central bank governor. The currency is expected to weaken further after falling to a record low Thursday as si

Moody's Ratings upgraded Sri Lanka 's credit rating, days after the nation concluded debt restructuring of its dollar bonds, which reduces the risk of default on future notes.

Moody’s Ratings upgraded Sri Lanka’s credit rating, days after the nation concluded debt restructuring of its dollar bonds, which reduces the risk of default on future notes.

A gauge of the Indian rupee’s volatility jumped to its highest level in over a year, fueling speculation that the nation’s central bank may be easing its tight grip on the currency amid a strong dollar.