Asian FX gain on weaker US dollar, Indian shares gain on ICICI Bank boost

Asian FX gain on weaker US dollar, Indian shares gain on ICICI Bank boost

The Edge Markets - World·2021-04-26 15:01

BENGALURU (April 26): Asian currencies gained on Monday as the US dollar weakened on bets the US Federal Reserve will retain an accommodative monetary policy at its meeting later this week, while Indian shares were boosted by robust results from a major lender.

The greenback slipped to a two-month low amid speculation US Federal Reserve Chairman Jerome Powell will shun talk of tapering bond purchases at a policy meeting on Wednesday.

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