Rupee falls 21 paise to 94.97 against US dollar in early tradeIn the early hours of trading, the rupee fell by 21 paise to 94.97 against the US dollar, influenced by a firmer dollar along with local ma...
Yuan hovers near four-year high as investors eye US midterm electionsChina’s yuan traded near a more than four-year high against the US dollar, supported by expectations of further appreciation. Investors tra...
Dollar rangebound ahead of US midterms; bitcoin reels from crypto heistMajor currencies remained steady as traders evaluated the upcoming US midterm elections and significant economic data. Bitcoin and Ether ex...
Airtel Africa Q2 profit rises 16% to $254 millionAirtel Africa has revealed a remarkable 15.9% jump in its quarterly net profit, reaching $254 million, fueled by robust revenue growth. The...
FCNR bounty in Q2 masks bank issues in growing depositsAn analysis of 10 banks shows that reported deposit growth averaged 21.1% year-on-year during July-September. However, excluding the specia...
India’s forex reserves fall $1.2 billion to $719.74 billion as of October 24India’s foreign exchange reserves fell by $1.2 billion to $719.74 billion in the week ended October 24, according to the RBI. The decline f...
Global Market: Chinese yuan hits four-year high, heads for fourth straight monthly gainChina’s yuan reached its strongest level against the US dollar in more than four years, supported by exporter dollar sales, robust exports ...
Rupee hits two-week low on 'sticky' dollar bids, modest intervention cushionsThe Indian rupee experienced a sharp decline on Thursday, hitting a two-week low against the dollar. Traders highlighted that heightened do...
Global Market: China’s yuan hits four-year high against dollar after Fed holds ratesChina’s yuan climbed to a four-year high against the US dollar, supported by the central bank’s firm guidance and the Federal Reserve’s dec...
KPIT Q2 net profit down 29% as auto clients trim budgetThe company posted a net profit of Rs 120.6 crore for the quarter ended September 30. Revenue rose 6.5% from a year earlier and 1% sequenti...
Global Market: China's yuan holds near four-year high as markets await Fed decisionChina’s yuan held near a four-year high against the US dollar as investors awaited the Federal Reserve’s policy decision for clues on the U...
Rupee boxed in range; traders focus on oil, outflows and RBI's defenceThe Indian rupee had a day of modest variability against the dollar on Tuesday, finishing the day almost unchanged. Major external challeng...
New Rs 1,000 note with temple image in India? Govt clarifies on viral claimImages of a purported Rs 1,000 yellow currency note have circulated on social media recently. Claims state that the note is new or will be ...
Global Market: Yuan holds near four-year high as China tempers appreciation paceChina’s yuan held near a four-year high against the US dollar as the central bank moderated its daily fixing. Export-related demand and str...
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...
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...
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...