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ASIAN CURRENCY UNION
Govt allows SBI, HDFC, Axis Bank & 12 others to import gold, silver until March 2029The central government has permitted 15 top banks, including the State Bank of India, HDFC Bank, Bank of India and others to import gol...- ADB ups India's FY26 growth projection to 6.9% on strong domestic demand, lower US tariffsThe Asian Development Bank has raised India's economic growth projection to 6.9% for FY26, citing strong domestic demand and reduced US tar...
- Dollar surges in Asia as war's safe-haven shelterThe US dollar is surging, becoming the strongest safe asset. War in the Middle East has sent oil prices soaring and other assets tumbling. ...
- Rupee ends flat on Trump's mixed signals for trade tariffsThe Indian rupee closed unchanged on Wednesday as tariff-related uncertainties continued to dominate the Asian currency's price action foll...
- RBI working group proposes steps to broaden rupee's global reachThe increasing use of the Indian rupee in invoicing and settlement of international trade, as well as in capital account transactions, will...
- Rupee opens 4 paise down at 68.99 against dollarRupee consolidated in a narrow range with more focus on domestic factors than global.
- Rupee rises for third day, up 5 paise to 66.47/$The local unit had strengthened 16 paise in the previous session to settle at 67.52 against the greenback on persistent dollar selling by b...
- Rupee appreciates 16 paise to 67.79/$ on firm Asian cuesThe domestic currency had closed at 67.95 per dollar in the preceding session amid wild swings on account of prevailing concerns over the U...
- Rupee ends steady against dollar at 67.95In cross-currency trades, the rupee rose further against the pound sterling to finish at 89.76 from 93.13 on last Friday and also moved up ...
- The rally in Asian currencies won't last the year, say strategistsEvery Asian currency will weaken by end the end of the year, with those of Singapore, Taiwan and South Korea all predicted to drop at least...
- Rupee free fall continues, ends down 13 paise to 67.27The rupee opened lower at 67.18 against yesterday's closing level of 67.14 per dollar at the Interbank Foreign Exchange market.
- Rupee depreciates 9 paise to 67.44 against US dollarThe domestic currency had snapped a six-day winning spree on Tuesday, by falling 27 paise to settle at 67.35.
- Rupee snaps six-day winning streak, down 16 paise to 67.24 vs US dollarThe domestic currency had closed at 67.08 on Friday. The currency market was closed on Monday on account of Mahashivratri.
- Rupee recovers, up 3 paise at 68.58 against US dollarThe domestic currency had weakened 15 paise against the greenback in the previous session, thanks to increased dollar demand from importers.
- Until an alternative reserve currency is found, all countries are at US Fed’s mercy: Mythili Bhusnurmath"We might see some more carry trade and as a result of that, you might see some more inflows. But ultimately, it is the dollar that rules."
- Rupee falls to record low of Rs 53.29 per US dollarThe rupee tumbled by 35 paise to an all-time low of Rs 53.29 per US dollar in early trade on the Interbank Forex today on continued dollar ...
- Investors get out of Asian currencies, seek solace in dollarInvestors are getting out of Asian currencies and moving into US dollar which continues to be perceived as a safe haven currency.
- Banks can pay interest on euro a/c for Asian Clearing UnionThe Reserve Bank has allowed banks to pay interest to accounts held in euro denomination to settle international payments of India, Pakista...
- Booming Asian forex trade has dollar-settlement risk: researchTrading and risk management would be improved if settlement via the dollar gave way to use of an Asian currency. Tips to beat inflation I S...
- Asian currency index nowTo get over the differences among Asian nations on the proposed common Asian Currency Unit, there will now instead be an Asian Currency Ind...
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