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LOCAL CURRENCY TRADE
US sanctions have India cornered. BRICS charts an escape routeUS sanctions have significant implications on international trade, especially concerning countries like India. As BRICS countries explore a...
Rupee soars to 6-week high on Jio IPO flows, weaker dollarOn Wednesday, the Indian rupee closed at a six-week high of 94.46, gaining 46 paise from its previous close. This increase was driven by st...
Cryptocurrency companies can keep paying interest-like rewards, say federal bank regulatorsThe new rules are part of the implementation of the GENIUS Act, which was signed into law last year and was meant to codify the rules and r...
It's a matter of 'deep concern': Jaishankar on situation in West AsiaIndia's External Affairs Minister S Jaishankar met with UAE's Sheikh Abdullah bin Zayed Al Nahyan to discuss regional stability. Jaishankar...
INDIA BONDS-India bonds give up day's gains as oil price spike adds to rate hike fearsIndian government bonds ended lower as inflation concerns increased due to rising crude oil prices. The benchmark 10-year bond yield has be...
Rupee ends flat as stock slump, importer hedging erodes bounceThe Indian rupee held steady even as it initially surged, influenced by rising dollar demand from importers. However, the local stock marke...
Lula vs Bolsonaro: As Brazil lies on the brink of tilting right, India watches its major BRICS partnerFlávio Bolsonaro secured leading votes against incumbent Luiz Inácio Lula da Silva in Brazil's elections on October 4. The runoff on Octobe...
‘For global trade’s sake, hope our US deal is inked soon’: FM Nirmala SitharamanNirmala Sitharaman expressed optimism regarding the speedy conclusion of the India-US trade agreement during her recent interaction. She hi...
Rupee rises 1.9% in a week, closes below 95 per dollarThe Indian rupee strengthened 1.9% this week to close at 94.96 per dollar, its strongest weekly gain in seven months. Aggressive RBI measur...
India wants to promote rupee trade settlement to help partner facing hard currency shortage: FM Nirmala SitharamanFinance Minister Nirmala Sitharaman said India is promoting rupee and local-currency trade settlements to help countries facing hard-curren...
Global Market: Asian currencies slide as hot US inflation fuels Fed rate hike bets; won hits two-week lowEmerging Asian currencies weakened as hotter-than-expected US inflation revived Federal Reserve rate hike concerns, boosting the dollar and...
Rupee rises for fourth straight day, closes at 95.15The Indian rupee closed at 95.15 against the US dollar, marking the fourth consecutive day of gains. It reached an intra-day peak of 94.77,...
Indian bonds slip on higher oil, hawkish RBI governor commentsIndian government bonds faced a downturn, attributed to soaring oil prices and statements from the Reserve Bank of India. The yield on the ...
RBI open to more steps to curb FX speculation, Governor Sanjay Malhotra saysRBI Governor Sanjay Malhotra said the central bank may take further steps to curb speculative forex trading and ensure orderly movement in ...
RBI's forex curbs lift rupee as banks reassess hedging costsThe Indian rupee has appreciated in value against the dollar following banks' compliance with recent currency derivative guidelines. The Re...
Global Market: Hong Kong dollar nears weak side of trading band, raising prospect of HKMA interventionThe Hong Kong dollar neared the weak end of its trading band against the US dollar, raising the possibility of Hong Kong Monetary Authority...
Rupee rebounds nearly 1% after RBI moves to curb speculative tradesThe rupee rebounded nearly 1% to 95.77 per dollar on Monday after the RBI announced measures to curb speculative currency trades. A special...