The Supreme Court has held that foreign companies can claim tax deductions for foreign exchange losses on account of currency fluctuations.
NEW YORK, Sept 5 (Reuters) - The U.S dollar edged higher versus the euro on Friday but retreated from 11-month highs after government data showed the U.S. economy lost jobs for the eighth straight month and the unemployment rate jumped.
NEW YORK, Sept 5 (Reuters) - The U.S dollar edged higher versus the euro on Friday but retreated from 11-month highs after government data showed the U.S. economy lost jobs for the eighth straight month and the unemployment rate jumped.
Many Asian currencies have been hammered since late July, as dollar soared amid concerns over capital outflows and slower economic growth. Business week in pics

MONEY & BANKING (The Hindu)

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FOREX: Making sense of the rupee movement Ever thought of making the connection between the rupee’s exchange rate against other currencies and the earnings of software and hardware companies? ...
KUALA LUMPUR, Sept 6 (Bernama) -- The ringgit is likely to weaken further against the US dollar next week amid a firmer greenback but too sharp a fall will probably be capped by intervention by Bank Negara Malaysia, dealers said.
KUALA LUMPUR, Sept 6 (Bernama) -- The ringgit is likely to be weaker next week as regional currencies are expected to continue their downward trend, dealers said.
The New Zealand Dollar price action is likely to follow the same pattern as its Australian counterpart, with selling pressure in place as traders price...
Economic fundamentals are likely to take a back seat next week as Australian dollar price action continues to be guided by the global shift in interest...
A weaker than expected Storm Gustav would weaken the loonie as oil prices plummeted. The BoC keeping their benchmark rate unchanged would trigger a sharp...

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