Rupee Has Biggest Weekly Drop Since August 2013 on Debt Outflows

India’s rupee completed its biggest weekly drop since August 2013 as foreign funds pulled money from local bonds after the trade deficit widened and the government said overseas investors would have to pay a retrospective tax.

Hong Kong Defends Currency Peg for First Time Since 2012

Hong Kong’s de facto central bank stepped in for the first time since December 2012 to prevent the city’s currency from rising against the U.S. dollar.

Asian Currencies Decline This Week as Fed Taper Spurs Outflows

Most Asian currencies fell this week as signs of an improving U.S. economy bolstered demand for the dollar amid tapering from the Federal Reserve that’s spurring outflows from emerging markets.

Asian Currencies Advance for Third Week on Fed Stimulus Optimism

Asian currencies had a third weekly gain, led by South Korea’s won, on optimism the Federal Reserve will delay any reduction in stimulus after a budget impasse threatened the world’s largest economy.