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FCNR(B) scheme has bought India 3-5 years, but $170 billion repayment cliff looms: Uday KotakUday Kotak has described India’s $130-billion-plus FCNR(B) mobilisation as a “strong insurance policy” against global shocks, but warned th...
Brazil stock market to crash today? What Lula’s surprise victory in elections means for emerging markets, commoditiesBrazil’s stock market faces a potential sharp selloff after President Luiz Inácio Lula da Silva’s surprise election victory dashed investor...
Global Market: China's yuan hits four-year high as dollar weakens ahead of policy meetingsThe yuan of China has surged to a peak not seen in four years against the US dollar, driven by evolving market dynamics and currency evalua...
Global Market: South Korean shares fall over 1% as AI trade concerns weigh; won strengthensSouth Korean shares fell as AI-related concerns weighed on sentiment ahead of major US technology earnings. The won strengthened against th...
Currency markets subdued ahead of pivotal central bank weekAs the week kicks off, major currencies hover in narrow trading bands amidst pivotal central bank meetings. Oil prices experienced a declin...
RBI does not target any specific Rupee level, focuses on curbing volatility, says Governor Sanjay MalhotraReserve Bank of India (RBI) Governor Sanjay Malhotra on Friday said the central bank does not target any specific exchange rate or level fo...
Yen shines as AI jitters spur safe-haven rushThe Japanese yen reached its strongest level in over a month due to increased safe-haven demand. Concerns about the sustainability of the A...
Rupee snaps eight-day rally as oil climbs to highest since MayThe Indian rupee ended its eight-session-long winning streak, closing down 0.4% at 94.8175 per dollar. Concerns over escalating oil prices ...
Global Market: China's yuan hits more than four-year high against dollarIn a remarkable turn of events, China's yuan has surged against the US dollar, hitting levels unseen in over four years. This strength is l...
Tax matters, as does capital: Is it time for India to reconsider its LTCG tax policy on listed equities amid rising global competition?Debate on long-term capital gains (LTCG) tax and securities transaction tax (STT) has gained momentum, with the government recognizing its ...
Dip in the dollar takes a breather with Fed in focusInvestors are currently preparing for upcoming central bank meetings next week, expecting interest rate holds in major economies. The dolla...
Rupee rises 46 paise to 94.45 on India-US trade deal hopes; oil prices cap gainsThe rupee gained 46 paise to 94.45 against the dollar on optimism over a potential India-US trade deal and RBI measures. However, elevated ...
Global Market: ECB sees Euro liquidity support boosting global currency roleEuropean Central Bank Chief Economist Philip Lane stated that stronger euro liquidity facilities can enhance the currency's global role. Mo...
Global Market: China's yuan hits four-year high on export strength, weak dollarChina’s onshore yuan touched a more than four-year high against the US dollar, supported by robust exports, resilient economic growth, fore...
Dollar on back foot as US yields, crude prices dip; Aussie buoyed by hawkish RBAThe US dollar is facing downward pressure with both Treasury yields and crude oil prices on the decline. Meanwhile, the Australian dollar i...
Dollar and euro drift, yen slips as markets seek directionThe euro was steady at $1.1216, while the British pound rose 0.1% to $1.3308. The Australian dollar was up 0.1% at $0.6986, while its New Z...
CBDT exempts interest payments on rupee-denominated bonds issued by New Development Bank from TDSThe exemption applies to holders of Maharajah INR Bonds who are Indian residents or foreign institutional investors, for the 2026-27 tax ye...
Global Market: Euro falls as French political unrest, high energy prices weigh on sentimentThe euro weakened amid elevated energy prices and renewed French political uncertainty, while investors reassessed the outlook for US growt...
Global Market: China’s yuan hits four-year high as strong GDP data ease stimulus concernsChina’s yuan strengthened to a four-year high against the US dollar following stronger-than-expected third-quarter economic growth and impr...
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 ...