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UNITED STATES DOLLAR DEVALUATION
Rupee logs weekly decline, with RBI intervention curbing lossesThe Indian rupee faced a challenging week, depreciating against the dollar amidst mounting tensions from the Middle East conflict. Despite ...- One tonne of end-of-life mobile phones can hold traces of gold, silver, copper, platinum and palladium; researchers measured up to about 141 grams of gold aloneOld cell phones are often overlooked treasure troves, holding remarkable amounts of precious metals such as gold and silver. In fact, a met...
- Global Market: Japan’s yen intervention puts BOJ in spotlight over rate hike pathJapan’s coordinated yen-buying intervention with the U.S. and South Korea has heightened expectations of faster Bank of Japan rate hikes. M...
- Fitch affirms US at AA+ with stable outlook, flags fiscal and inflation risksFitch Ratings affirmed the US sovereign credit rating at AA+ with a stable outlook, citing economic resilience and the dollar’s reserve-cur...
- India's Bank of Baroda raises $700 million via dollar bonds at tighter spreadsBank of Baroda has successfully accepted bids totaling seven hundred million dollars for its debt offering, achieving narrower spreads than...
- Apple opens advanced manufacturing center in Houston, plans Mac Mini production this yearApple opened its new Advanced Manufacturing Center in Houston on Thursday and confirmed that it will begin manufacturing the Mac mini at th...
- Fitch keeps United States at 'AA+', cites economic resilience amid fiscal risksFitch has affirmed the United States’ sovereign credit rating at “AA+” with a stable outlook, citing its large economy, high per-capita inc...
- Rupee holds steady at 95.44 amidst RBI interventionThe Indian rupee remained stable on Thursday, closing near its previous level. Dollar sales by the Reserve Bank of India kept the local uni...
- Iran to join BRICS development bank soon, central bank governor Abdolnaser Hemmati saysIran plans to join the New Development Bank soon. This move comes as the nation faces international sanctions and seeks alternative financi...
- State Bank of India's successful dollar debt sale prompts Bank of Baroda to test waters, bankers sayBank of Baroda is actively seeking dollar funding avenues to bolster its operations, inspired by the successful foreign-currency bond issua...
- State Bank of India returns to dollar debt market, bankers see strong demandState Bank of India is set to re-enter the dollar bond market, marking its first appearance in nearly a year. The nation's leading financia...
- US judge dismisses criminal case against billionaire Gautam AdaniA US judge dismissed criminal charges against Indian billionaire Gautam Adani. The Justice Department decided to abandon the fraud and brib...
- Rupee falls 8 paise to 95.38 against US dollar in early tradeIn early trading on Tuesday, the rupee fell by eight paise against the US dollar, closing at 95.30 from the previous day. Ongoing tensions ...
- Indian-origin CFO gets four-month jail term, fine for bribing surgeonsAn Indian-origin chief financial officer received a four-month jail sentence. Aditya Humad was convicted for bribing surgeons with sham con...
- State Bank of India taps dollar bond market with five-year issue: ReportThe State Bank of India is set to tap into the dollar debt market, aiming to raise a minimum of $500 million by issuing five-year bonds. Ma...
- US defends dollar as yen weakness threatens global currency orderThe US treasury has stepped in to bolster the Japanese yen and several other currencies, signaling a potential decline of the dollar and hi...
- Rupee weakness cushioned by central bank intervention, shorts grow waryThe Indian rupee ended the day with minimal fluctuations, influenced primarily by oil market dynamics and moves from the central bank. Stat...
- Rupee anchored by central bank hand, traders watchful of oil ructionsThe stability of the Indian rupee was evident on Monday, thanks to the proactive measures taken by the central bank. State-run banks active...
- Rupee steady as oil firms buy dollarsThe Indian rupee showed minimal movement against the dollar on Friday, closing nearly unchanged. Oil companies actively bought dollars to r...
- Global Market: China’s July exports top forecasts as AI boom and pre-tariff rush fuel trade growthChina's July exports rose 23.9%, beating forecasts as strong global AI-related demand and pre-tariff shipments boosted trade. High-tech and...
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