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LOCAL CURRENCY SOVEREIGN DEBT
India bore USD 45 million interest as Maldives clears USD 150 million facility: MEAIndia covered approximately USD 45 million in interest payments over five years. Malé fully repaid the USD 150 million Treasury bill facili...
Global Market: Yuan hits 4-year high as traders bet on further gainsChina’s yuan strengthened to four-year highs against the dollar, supported by strong exports, exporter dollar conversions and expectations ...
Forget PLI schemes, India's manufacturing sector needs a Puja-Linked Incentive for VishwakarmaIndia's industrial policies overlook Vishwakarma, the divine architect and craftsman. He offers capital, productivity, and supply chains wi...
Global Market: China broadens Yuan FX clearing in push for global currency useChina has expanded yuan foreign-exchange clearing to include the Singapore dollar, New Zealand dollar and Thai baht, as Beijing seeks to wi...
Rupee ends flat at 95.95 as RBI dollar sales offset pressureOn Wednesday, the Indian rupee maintained its position at 95.95 against the US dollar, thanks to the central bank's dollar sales which help...
Piyush Goyal to visit US for G20 trade talks as India eyes key FTA milestonesCommerce Minister Piyush Goyal will attend the G20 trade ministerial in Milwaukee this month. He is expected to hold bilateral talks with t...
Foreign investors pull Rs 5,109 cr from govt bonds in 3 days amid global uncertaintyIn a recent turn of events, foreign portfolio investors pulled out over Rs 5,109 crore from Indian government securities. This significant ...
Paper signed, but what must happen before Wales, Scotland and Northern Ireland can leave the UK?Scotland, Wales and Northern Ireland have threatened constitutional change, but their new pact cannot break up the United Kingdom. Scotland...
Making a dollar detour: Why BRICS isn’t breaking up with the dollarThe latest BRICS declaration emphasizes interoperable payment systems and local currency settlement. It explicitly avoids proposing a commo...
BRICS leaders push faster, cheaper cross-border payments, deeper use of local currenciesBRICS leaders are calling for faster and cheaper cross-border payments among member nations. They also support greater interoperability bet...
De-dollarisation: BRICS takes a measured route, focuses on payments and not on common currencyThere is no mention of a common BRICS currency or a formal call for replacement of the US dollar. Instead, the document sticks to the more ...
De-dollarisation and its impact on commodities and global tradeFor decades, the US dollar has dominated global trade and commodity markets. Most commodities, including crude oil, natural gas, gold, indu...
Piyush Goyal urges BRICS to link payment systems, trade in local currenciesIndia's Commerce Minister urged BRICS nations to link payment systems and trade in local currencies. He also called for simplified regulati...
India urges BRICS to link payment systems, encourage local currency tradeCommerce and Industry Minister Piyush Goyal urged BRICS countries to link payment systems, expand local-currency trade, open markets and si...
India's BRICS play may have a payment plan with no hard cashIndia is unlikely to back a common BRICS currency at the September 12-13 summit, instead favouring links between national payment systems a...
BRICS chief backs de-dollarisation, says local currencies are the way forwardBRICS Chamber Chairman Sameep Shastri supports de-dollarisation for a multipolar economic system. He believes local currency trade and digi...
After 35 years, Japan's JCRA upgrades India sovereign rating to A- from BBB+Japan Credit Rating Agency has upgraded India's sovereign rating to A- after more than three decades. This upgrade recognizes India's solid...