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RBI Appointed Panel Suggests Steps For 'Internationalisation' Of Rupee
A Reserve Bank-appointed committee on Wednesday suggested a host of short-term and long-term measures for internationalisation of Indian rupee, including efforts for inclusion of the Indian currency in IMF's Special Drawing Rights (SDR) basket.
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IBM Warns of $3.5 Billion Forex Hit as Quarterly Earnings Beat Estimates
IBM announced that it had beat quarterly revenue expectations on Monday. However, the 110-year-old IT firm warned that foreign exchange could cause a revenue hit of 6 percent this year on the back of a strong dollar. Other firms like Microsoft and Salesforce have also tempered expectations thanks to a hawkish Federal Reserve and heightened geopolit...
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Facebook-Backed Cryptocurrency Project Diem to Launch US Stablecoin in Major Shift
Digital currency group Diem Association, formerly known as Facebook's Libra project, plans to launch a US dollar stablecoin as it scales back its global ambitions to focus on the United States, the group said.
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Rupee Weakens Against Dollar Today
The dollar held firm on Wednesday against a basket of currencies after Wall Street shot to record peaks.
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Rupee Hits Six-And-A-Half-Month Low Against Dollar
Overseas, the US dollar traded higher against a basket of currencies, which was underpinned by remarks from Federal Reserve Chair Janet Yellen on the need to continue with rate hikes.
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US Dollar Falls To Lowest Since 2015: Who Wins, Who Loses In 10 Points
The dollar index, which tracks the greenback against a basket of six major currencies like euro, Japanese yen, and British pound, fell to 91.082 today, its lowest level since January 2015. The latest trigger for the dollar weakness is the comment from European Central Bank chief Mario Draghi, who suggested the central bank may begin tapering its ma...
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Rupee Rises Sharply Against US Dollar On Friday: Five Things To Know
The dollar index, which tracks the greenback against a basket of six major currencies, was near its weakest since January 2015.
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Why Rupee Fell To 3-Week Low Against Dollar Today: 5 Things To Know
The dollar rallied to its highest level against a basket of major currencies in nearly three weeks.
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No Rush to Add China's Yuan to Currency Basket: IMF
The International Monetary Fund should put off any move to add the yuan to its benchmark currency basket until after September 2016, IMF staff said in a report which showed a mixed performance of the renminbi on meeting key financial norms.
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RBI Appointed Panel Suggests Steps For 'Internationalisation' Of Rupee
A Reserve Bank-appointed committee on Wednesday suggested a host of short-term and long-term measures for internationalisation of Indian rupee, including efforts for inclusion of the Indian currency in IMF's Special Drawing Rights (SDR) basket.
-
IBM Warns of $3.5 Billion Forex Hit as Quarterly Earnings Beat Estimates
IBM announced that it had beat quarterly revenue expectations on Monday. However, the 110-year-old IT firm warned that foreign exchange could cause a revenue hit of 6 percent this year on the back of a strong dollar. Other firms like Microsoft and Salesforce have also tempered expectations thanks to a hawkish Federal Reserve and heightened geopolit...
-
Facebook-Backed Cryptocurrency Project Diem to Launch US Stablecoin in Major Shift
Digital currency group Diem Association, formerly known as Facebook's Libra project, plans to launch a US dollar stablecoin as it scales back its global ambitions to focus on the United States, the group said.
-
Rupee Weakens Against Dollar Today
The dollar held firm on Wednesday against a basket of currencies after Wall Street shot to record peaks.
-
Rupee Hits Six-And-A-Half-Month Low Against Dollar
Overseas, the US dollar traded higher against a basket of currencies, which was underpinned by remarks from Federal Reserve Chair Janet Yellen on the need to continue with rate hikes.
-
US Dollar Falls To Lowest Since 2015: Who Wins, Who Loses In 10 Points
The dollar index, which tracks the greenback against a basket of six major currencies like euro, Japanese yen, and British pound, fell to 91.082 today, its lowest level since January 2015. The latest trigger for the dollar weakness is the comment from European Central Bank chief Mario Draghi, who suggested the central bank may begin tapering its ma...
-
Rupee Rises Sharply Against US Dollar On Friday: Five Things To Know
The dollar index, which tracks the greenback against a basket of six major currencies, was near its weakest since January 2015.
-
Why Rupee Fell To 3-Week Low Against Dollar Today: 5 Things To Know
The dollar rallied to its highest level against a basket of major currencies in nearly three weeks.
-
No Rush to Add China's Yuan to Currency Basket: IMF
The International Monetary Fund should put off any move to add the yuan to its benchmark currency basket until after September 2016, IMF staff said in a report which showed a mixed performance of the renminbi on meeting key financial norms.
