The Reserve Bank of Australia (RBA) is widely expected to raise the Official Cash Rate (OCR) to 3.85% from 3.6% after concluding its first monetary policy meeting of 2026.
The Indian Rupee (INR) gains against the US Dollar (USD) in the opening session on Monday, following the fiscal budget Financial Year (FY) 2026-27 announcement by the Indian government on Sunday.
China’s President Xi Jinping said in an article published on Saturday in Qiushi that he has renewed calls for the Chinese Yuan to build a “strong currency” that can become widely used in international trade, investment and foreign exchange markets and reach the status of a global reserve.