The Reserve Bank of India, seeking to arrest the rupee's slide, is asking local banks to not build additional positions in the non-deliverable forward market, a move that could lead to offshore volatility spilling into local markets, bankers and traders said.
The yen floundered near a fresh 24-year low on Thursday, while sterling held onto overnight gains as investors skittishly await an impending deadline for the end of the Bank of England's emergency bond-buying programme.
Singapore-based Oversea-Chinese Banking Corp Ltd is hunting for acquisitions in Indonesia to speed up its growth, aiming to leverage a strong capital buffer built up in recent years, the head of Southeast Asia's second-biggest bank said.
Germany said on Wednesday it was receiving less oil but still had adequate supplies, after Poland found a leak in the Druzhba pipeline that delivers crude from Russia to Europe that Warsaw said was probably caused by an accident rather than sabotage.
BoE fails to reassure over emergency intervention
Oil futures recouped some losses on Wednesday, recovering from a 2% slide in the previous session, supported by supply concerns stemming from last week's OPEC+ cut to its production target, though a stronger dollar weighed on sentiment.