Global Market: Hong Kong dollar hits one-month low as carry trades loomThe Hong Kong dollar weakened towards the lower end of its trading band as the widening interest-rate gap with the US increased the appeal ...
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 slips below 96 per dollar level in early tradeIn a significant market shift, the rupee has dipped to 96 against the US dollar, marking a low not seen in over two months. This decline is...
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...
Dollar rises after Fed hikes rates in bid to counter inflationThe US dollar rises against major currencies after the Federal Reserve hikes interest rates and signals further tightening to tackle inflat...
Tonight's US Fed rate decision will cast a long shadow over IndiaFederal Reserve Rate Impact on India: Federal Reserve rate hike is set to intensify pressure on India’s rupee, bond yields, inflation and m...
Global Market: Japan’s Nikkei flat as investors await Fed, BOJ decisionsJapan’s Nikkei was largely flat on Wednesday as investors stayed cautious ahead of interest-rate decisions from the US Federal Reserve and ...
Dollar girded by bets on a US hiking cycleOn Wednesday, the dollar maintained its recent strength against leading currencies as traders eagerly awaited the Federal Reserve's anticip...
Rupee hits 3-month low as crude surges, US bond yields breach 5%The Indian rupee reached its weakest point in three months on Tuesday. This depreciation occurred as Brent crude oil prices surged past $10...
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...
Rupee slumps 38 paise to close at 95.92 against US dollarThe rupee fell 38 paise to close at 95.92 against the US dollar on Tuesday. Escalating Middle East conflict and soaring Brent crude oil pri...
The blue ribbon on a $100 bill is not a printed decoration; the U.S. Currency Education Program says it is woven into the paper, and its bells and 100s move when tiltedThe $100 bill boasts a sophisticated woven blue stripe embedded with microscopic lenses. When tilted, the bill reveals tiny, dynamic images...
Global Market: Yen speculators turn net long for first time since FebruarySpeculators turned bullish on the yen for the first time since February as expectations of faster Bank of Japan rate hikes intensified. Fut...
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...
Earning in dollars doesn’t make NRIs better investors: Currency advantage alone isn’t enoughFor NRIs earning in stronger foreign currencies such as dollars, pounds or dirhams, investing in India can offer greater rupee purchasing p...
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...