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CURRENCY TRADING
- PepsiCo to cut costs as weak North America business hurts annual core profit forecast
PepsiCo is gearing up to implement further cost-cutting measures in response to rising input costs and a slowdown in consumer demand. CEO R...
China has no need or intention to weaken yuan for trade edge, central bank saysChina's central bank stated it does not intend to depreciate the yuan for competitive trade advantages. It emphasized that the market plays...
TCS, Infosys, HCL Tech, other IT stocks jump up to 3% despite weak market sentiment. What to expect as Q2 earnings season begins?IT stocks rose on Thursday as investors turned their attention to TCS, which is set to kick off the Q2 earnings season. Analysts expect mod...
Rupee rises 10 paise to 96.65 against US dollar in early tradeOn Thursday, the rupee saw a slight uptick, gaining 10 paise to settle at 96.65 against the US dollar. This increase emerged amidst tough e...
Dollar edges back from 18-month high after FOMC minutesThe dollar index has maintained its position as hawkish Fed minutes emphasize inflation as a major concern. Recent interest rate hikes by t...
Stable institutions, steady pursuit of reforms will steer India to 2047 goal: Jean-Claude TrichetIndia's journey to becoming a developed nation by 2047 hinges on institutional stability and sustained economic reforms. Former European Ce...
Rupee falls 22 paise to 96.57 against US dollar post RBI rate increaseThe Indian rupee experienced a drop following the Reserve Bank of India's decision to raise interest rates by 25 basis points. This move is...
Global Market: Euro under pressure as France debt worries, Spain vote weighThe euro hovered near a 17-month low at $1.1219 amid euro zone political uncertainty, high debt and French fiscal concerns. Meanwhile, the ...
Rupee edges higher as traders await RBI policy decision on ratesThe rupee ended marginally stronger at 96.2925 against the dollar, supported by lower Brent crude prices and improved sentiment. The curren...
Rupee ends flat, anchored by RBI intervention in face of global strainsThe Indian rupee ended little changed on Monday, bolstered by central bank interventions during ongoing pressures. A firmer dollar was obse...
Rupee headed to 100? How much the psychological red line mattersIndia's rupee has slipped past ₹96 as high US Treasury yields, elevated oil prices and foreign portfolio outflows strengthen the dollar. Th...
Global Market: Euro hits 17-month low as French fiscal worries boost dollarThe euro fell to a 17-month low as concerns over France’s fiscal outlook and bond-market selloff weighed on sentiment. The dollar strengthe...
Dollar holds firm as French fiscal woes keep euro on back footThe dollar's ascent continues, climbing to a 17-month peak as the likelihood of a Federal Reserve rate increase diminishes. Meanwhile, Euro...
BRICS isn’t killing the dollar. The world is learning to live without itBRICS aims to decrease reliance on the US dollar by facilitating trade in national currencies among member countries. This trend is evident...
Indian rupee rebounds to 95.83 vs US dollar as crude prices easeThe rupee strengthened 0.16% to 95.83 against the dollar, recovering from morning weakness as crude prices eased below $103 a barrel. Dolla...
India’s external financial health improves marginally in Q1 FY27 amid global headwindsIndia’s external financial position improved marginally in Q1 FY27, RBI data showed. External debt rose $15.4 billion to $778.2 billion, wh...
Global Market: Yuan heads for seventh straight quarterly gains as exporters boost dollar salesChina’s yuan strengthened against the dollar, heading for its seventh straight quarterly gain, supported by exporter dollar selling, strong...
Rupee breaches 96 per dollar as oil surge stokes pressure; RBI intervention limits fallThe Indian rupee breached the 96-per-dollar mark for the first time since July as surging crude oil prices and a firm dollar weighed on the...
India-UAE trade in rupees, dirhams enters double digits: Piyush GoyalTrade between India and the UAE settled in local currencies has reached double digits, Commerce and Industry Minister Piyush Goyal said Mon...
Rupee, dirham and UPI: India, UAE push cross-border trade without frictionIndia and the UAE are working towards enhancing bilateral trade by adopting local currency transactions and payment system integration. The...