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HARD CURRENCY SHORTAGE
India wants to promote rupee trade settlement to help partner facing hard currency shortage: FM Nirmala SitharamanFinance Minister Nirmala Sitharaman said India is promoting rupee and local-currency trade settlements to help countries facing hard-curren...- Rich countries on the debt frontline: How the Iran war is shifting world's risk map by squeezing America, Europe and JapanThe International Monetary Fund confronts increased borrowing costs and record debt levels among developed countries. As inflation rises, g...
- Global Markets: Asian shares fall after wild swings in bonds, FX before US jobs dataAsian stock markets dipped as investors navigated through the turbulence of bond and currency fluctuations. Elevated oil prices, driven by ...
- IndiaAI Mission likely to rewire after GPU glitchThe IndiaAI Mission currently has access to about 30,000 GPUs against a total commitment of 45,000. Several firms that had committed capaci...
- Iran's medicines soar in price as US blockade, sanctions squeeze pharmaceutical suppliesMedication prices in Iran have surged drastically due to US sanctions and ongoing conflict, creating significant hardships. Families are st...
- ‘I would never want to lose him’: Jamie Dimon backs Chandra, flags India tax hurdles and sees AI paying offJamie Dimon sees India as a fast-growing economy with bright future prospects. He believes consistent regulations and taxing policies will ...
- Copper prices scale fresh record high as focus turns to tight supplies outside USCopper prices hit a record high as concerns over shortages outside the US boosted buying, while a weaker dollar supported metals. LME coppe...
- Emerging markets defy global shocks as investors return to local assetsEmerging markets are seeing renewed investor interest despite geopolitical tensions, trade risks and AI-driven volatility, with debt attrac...
- What we know about North Korean forces joining Russia's war against UkraineNorth Korea has deployed troops and weapons to support Russia's war. A missile unit is reportedly deploying to western Russia with ballisti...
- Pakistani rupee: Asia’s worst-performing currency heads for another tough yearThe currency has fallen about 20% against the dollar this year and analysts say its troubles are far from over. BMI expects the currency wi...
- Conditions not ripe to make INR a hard currency: GTRIIndia should become a middle-income country and then push to make INR (rupee) a hard currency, and till then, it must promote the settlemen...
- Conditions not ripe to make INR a hard currency: GTRIIndia should become a middle-income country and then push to make the INR (rupee) a hard currency, according to think tank GTRI. The proces...
- World’s riskiest markets stumble into crisis with dollars scarceIn some of the world’s most vulnerable developing nations, the situations on the ground are dire. Shortages of dollars are crimping access ...
- Rupee trade with Bangladesh likely as it fights forex crunch, say bankersTwo senior bankers told ET that in the wake of the turbulence faced by Bangladesh they expect a bilateral loan denominated in Indian rupees...
- Sri Lanka lowers amount of foreign currency people can holdCentral Bank Governor Nandalal Weerasinghe told reporters that people are requested to deposit excess foreign currency in a bank or convert...
- Zimbabwe suspends stock exchange, mobile payments over 'economic sabotage'The decision to suspend mobile payments will hit the economy hard as more than 80% of all transactions are conducted on phones due to a sho...
- Dollar bond made too many enemiesThere’s a way to ease it: masala bonds, or rupee debt sold overseas to global investors.
- Demonetisation deja vu! Should cash crunch worry D-St investors?A larger number of ATMs went dry for a second consecutive day on Tuesday in many cities.
- People suffering due to cash crunch while BJP flushed with currency: Sitaram YechuryAndhra Pradesh, Telangana, Madhya Pradesh, Bihar and poll-bound Karnataka have reported a shortage of currency as ATMs ran dry in some part...
- HCL Infosystems hikes PC prices by 10-15 %HCL has increased prices of desktops, laptops and servers by 10-15 per cent September onwards, as depreciating rupee has pushed up its impo...
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