Won, Taiwan Dollar Advance This Week on Inflows; Rupee Retreats
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South Korea’s won and the Taiwan dollar gained the most in at least seven months this week amid capital inflows, while India’s rupee retreated after the biggest quarterly advance since 2012.
Korea’s current-account surplus widened, data showed this week, while China outlined a package of measures including tax relief to boost the region’s biggest economy. Global funds bought a net $2.8 billion of Korean and Taiwanese stocks this week, according to the latest exchange figures. A report showed yesterday that U.S. employers hired 192,000 workers last month, compared with 197,000 in February.