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The co-founder of Blockparty was arrested on Wednesday for fraud

Strong growth for South Africa's third quarter, the rand projected to climb in value

WikiFX

| 2022-12-08

Abstract：Today South African traders may be in for a treat as the South African economy grew by1.6% in the third quarter, much higher than the expected Bloomberg prediction of 0.7%

Disclaimer:

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

Forex Analysis

The co-founder of Blockparty was arrested on Wednesday for fraud

FBS Regulation Checks Before Choosing the Company Behind an Account

FBS regulation should be checked against the company named in an account agreement, not a brand-level statement alone. The FBS About page archived on 24 September 2026 describes operations under several local licences. That statement does not identify the provider for every applicant in South Asia. Before using an FBS login link to apply or submit documents, establish which company would contract with you and what the relevant authorisation covers.

Original In a week

India's Forex Reserves Fall to $747.56 Billion in Week Ended September 25

India's foreign exchange reserves stood at $747.56 billion in the week ended September 25, according to The Economic Times, which reported the figure alongside a headline decline of $18.34 billion. The same report said the fall was driven mainly by a reduction in foreign currency assets, the largest component of the reserves.

Original In a week

RBI Hikes Repo to 5.50%, Its First Rise in Nearly Four Years — What It Does to USD/INR

The Reserve Bank of India raised its policy repo rate by 25 basis points to 5.50% on Wednesday, October 7, its first increase in nearly four years, and shifted its stance to "calibrated tightening". Governor Sanjay Malhotra said outright that rate cuts are off the table for now. "Rate cuts are off the table in the near term and policy action ahead can only be a rate hike or a pause, depending on the evolving conditions and the outlook," Malhotra said. The six-member Monetary Policy Committee voted unanimously, according to multiple reports. For a retail trader, the number to sit with is not 5.50%. It is 5.25% — the Standing Deposit Facility rate, the floor of the RBI's corridor, and the rate that effectively sets what it costs to fund a short-rupee position overnight. The rupee has been weakening, and reports describe that weakness as one of the reasons the RBI moved.

Original In a week

Nifty's Worst September Since 2018: FIIs Pull $40 Billion, Rupee Stuck Near 96

Indian stocks have fallen for eight straight weeks. The economy grew 7.8% in the June quarter. In a post on flow problem, not a growth problem. For anyone trading USD/INR, that distinction decides where the pressure lands. The rupee has been hovering around 96 per dollar, with the Reserve Bank of India selling dollars to keep the move orderly (Rediff MoneyWiz). Orderly spot is not the same thing as cheap carry. The cost of that stability shows up elsewhere.

Original 10-06