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WORLD RESERVE CURRENCY
Correcting rupee against fundamentals ultimately futile, says RBI's ex-guv SubbaraoD Subbarao advocates for allowing the rupee to find its level based on economic fundamentals. He criticizes costly short-term measures that...- Charting the global economy: Inflationary pressures mount in USA broad upswing in consumer prices last month helps reinforce expectations for additional Federal Reserve interest-rate increases in the mo...
- Dollar heads for weekly loss as Fed hike bets fade, AI jitters lingerThis week, the dollar faced a notable drop due to decreased expectations for interest rate increases from the Federal Reserve. Federal offi...
- Global Market: Yuan holds steady, set for third weekly gain on robust Chinese exportsChina’s yuan remained stable against the dollar, heading for a third consecutive weekly gain on resilient exports. The currency reached its...
- China's trade barriers biggest hurdle in bilateral ties, says Nirmala Sitharaman; flags $100 billion deficitNirmala Sitharaman has identified China's constraints on Indian exports as a crucial hindrance to trade advancement. The finance minister r...
- USD rate: Why is US Dollar down from 18-month peak?USD rate: Government bonds rallied and the dollar pulled back, reflecting cautious remarks from Federal Reserve officials that further cool...
- HDFC, ICICI Prudential, Tata Mutual Fund halt fresh investments in gold ETF FoFs ahead of festive seasonTata Mutual Fund, HDFC Mutual Fund and ICICI Prudential Asset Management Company have restricted fresh investments in their gold fund-of-fu...
- Global Market: Asian currencies slide as hot US inflation fuels Fed rate hike bets; won hits two-week lowEmerging Asian currencies weakened as hotter-than-expected US inflation revived Federal Reserve rate hike concerns, boosting the dollar and...
- IMF applauds India’s GDP data revamp, says currency pain is no sign of failure as country entered energy shock with strong fundamentalsThe International Monetary Fund has raised India's growth forecast to 7% for this year and next. India is seen as having strong fundamental...
- Asia set to ‘continue to outpace the world’, says IMF, as it asks central banks to stay focused on price stabilityAsia's central banks are advised to potentially tighten monetary policy in response to rising inflation expectations. Inflation has been im...
- Rupee extends rise but falters past 95/USD on importer hedging, outflowsThe Indian rupee has experienced an increase for the third consecutive session amid regulatory changes by the central bank. It reached a pe...
- Dollar languishes as focus turns to CPI, Fed speakersThe dollar declined as traders awaited new information on the timing for interest rate increases. Investors reevaluated the recent rally fu...
- PM Modi woos global investors, says India believes in 'Power to Empower'The Prime Minister told the gathering of business leaders from India and abroad that the country has seen inclusive growth at a steady pace...
- Slow outflows, sure, but inflows? That’s RBI’s real challengeRBI is currently dealing with substantial capital outflows and currency devaluation pressures in the economy. Recent market operations indi...
- India-Chile trade negotiations: A quiet and strategic deal beyond tariffsIndia and Chile are progressing with negotiations for a Comprehensive Economic Partnership Agreement to enhance trade relations. The agreem...
- Gold prices are sliding but China goes on a relentless buying spreeChina's People’s Bank has significantly increased gold reserves in September, marking its highest growth rate in three years. As demand for...
- DBS Chief sees overseas confidence in India despite capital outflow concernsDBS Bank CEO Tan Su Shan emphasized the strong demand for FCNR(B) deposits as investor confidence in India. She highlighted India's potenti...
- DBS CEO cites FCNR(B) success as proof of global faith in India, calls for more FDIDBS Bank CEO Tan Su Shan addressed concerns about capital outflows from India and highlighted strong demand for FCNR(B) deposits. She empha...
- AI valuation bubble could burst, bringing foreign investors back to India: Ambareesh BaligaA potential downturn in AI stock evaluations could pivot foreign investments back to Indian markets soon. Analysts suggest that India's con...
- Global Market: China gold reserves rise for 23rd straight month, forex reserves fallChina’s central bank raised its gold holdings for the 23rd consecutive month in September, underscoring its efforts to diversify reserves a...
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