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FREELY TRADED CURRENCY
Asia’s currency fight moves offshore as central banks push backAsian central banks are intensifying efforts to curb offshore forex speculation as external pressures like high oil prices and a strong dol...
India may cheer an Iran deal, but peace in Hormuz won’t refill its emptying economic tankThe economic horizon of India is clouded by a dual predicament characterized by a lack of financial resources and innovative ideas. While r...
Dollar wobbles as markets cling to hopes for Middle East peace dealInvestor optimism for a deal to reopen the Strait of Hormuz is boosting markets. Hopes of peace have lowered oil prices and eased pressure ...
Dollar hangs near six-week lows as investors bet on Iran peace dealExpectations of a possible Iran peace deal kept the US dollar near six-week lows as investors shifted toward riskier assets amid easing geo...
US stocks hit records, oil steadies as Trump says Iran war 'close to over'U.S. stock benchmarks S&P 500 and Nasdaq hit record highs, fueled by easing U.S.-Iran tensions and strong earnings expectations. Oil prices...
Iran’s yuan push for oil trade signals fresh challenge to dollar dominanceIran is reportedly considering demanding Chinese yuan for oil shipments through the Strait of Hormuz, a move that could challenge the US do...
Standalone dealers get nod to deal in rupee NDFsThe Reserve Bank of India has authorized standalone primary dealers to deal in non-deliverable rupee derivatives, effective immediately. Th...
Reserve Bank of India rolls out steps to boost Rupee power overseasRBI now allows banks to open rupee accounts at overseas branches for non-residents to facilitate rupee internationalisation. These accounts...
RBI allows foreigners to open rupee accounts in major moveThe Reserve Bank of India permits overseas branches of banks to open rupee accounts for non-residents, facilitating transactions and invest...
China tightens control to restrain currency's riseChina's central bank is trying to restrain the rise of the yuan after the currency hit a 2 1/2-year high against the dollar. Commercial ban...
India extends export benefits to rupee trade with IranTo increase bilateral trade, govt also waived value addition norms for exporters shipping imported items like food & pharmaceuticals
Shanghai’s move to trade Yuan may hit Hong KongPlans to adopt a convertible yuan in Shanghai’s new free-trade zone are posing the biggest challenge yet to Hong Kong’s role.
- Bhutan currency gets back to its usual glory in Indo-Bhutan border
As the traders indicated, against the rate of 20% couple of days back, now Indian currency is available at 5% to 8% exchange rate against N...
- Yuan to be fully convertible by 2015: China
Chinese officials told European Union business executives that the yuan will achieve full convertibility by 2015
- US wants more currency loosening from China
Timothy Geithner again put pressure on Beijing to let its currency rise quicker and farther. Stocks: Gainers, losers & recos | Diversified ...
- G20 draft urges emerging nations currency flexibility
G20 leaders on Sunday called on the world's emerging economies to allow their currencies to float more freely, in a bid to balance world tr...
- Gradual steps towards rupee convertibility: Pranab Mukherjee
Finance minister Pranab Mukherjee said the government will take steps to make the rupee fully convertible in a calibrated manner so that me...