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Scott Bessent, Donald Trump's US Treasury Pick, Fuels Global Relief Rally Vs Dollar
The selection of Scott Bessent as the next Treasury Secretary has fueled a rally in currencies around the world against the dollar, as traders trim bets that the return of Donald Trump will send tremors throughout global markets.
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Trade Body Appeals Shopkeepers In Delhi To Not Accept Rs 2,000 Note
A traders' body has appealed to market associations, shopkeepers, traders, and factory owners across Delhi to not accept Rs 2,000 currency notes after September 29.
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Foreign Trade Can Be Done In Indian Currency Soon: Minister
Commerce and Industry Minister Piyush Goyal on Saturday expressed hope that traders will soon be able to settle foreign trade in the rupee currency as several banks from different countries are opening special Vostro accounts with Indian banks.
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Rs 196 Crore, 23 Kg Gold Bars, 2 Cities: Week-Long Raid On UP Trader Ends
The tax raid against an Uttar Pradesh businessman, which shocked the country with visuals of heaps of currency notes and multiple machines deployed to count them, has finally ended a week after it began.
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Cryptocurrency Trading for Some Digital Coins Banned in Thailand, Including 'Meme Currencies' Like Dogecoin
Thailand has become the latest country in Asia, after China, to restrict trading in the highly speculative cryptocurrencies and the non-fungible tokens (NFTs). The Thai Securities and Exchange Commission (SEC) issued new regulations that ban certain types of digital coins, including meme currencies like Dogecoin.
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Indian-origin Man Convicted For Price Fixing In US Foreign Exchange Market
An Indian-origin former currency trader was convicted for his participation in an antitrust conspiracy to manipulate prices for emerging market currencies in the global foreign currency exchange market (FX), the Justice Department announced.
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Iranian Trader, Called "Sultan Of Coins", Executed For Gold Trafficking
Iran executed a trader dubbed the "Sultan of Coins" and his accomplice on Wednesday for exploiting a surge in gold demand from savers spooked by this year's currency crisis.
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Rupee Falls To Fresh 3-Month Lows Against US Dollar Today
Increased demand for the US currency from importers and strength in dollar against other currencies overseas kept the pressure on the rupee, traders said.
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Crude Oil Stable On Weaker Dollar, But Pockets Of Oversupply Linger
Ongoing weakness in the US dollar, which potentially stokes demand from countries using other currencies at home, as well as healthy economic growth were supporting oil markets, traders said.
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Britain Sees First Bitcoin Armed Robbery: Reports
Armed robbers have raided the house of a British virtual currency trader, forcing him to transfer Bitcoins after tying up his wife and threatening him with a gun, British media reported on Monday.
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Income Tax Department Cracks Down On Cryptocurrency Traders, Again
A nationwide survey showed more than $3.5 billion worth of transactions have been conducted over a 17-month period, the income tax department said
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Tax Notices To Be Sent To High Networth Bitcoin Traders
Tax department is set to issue notices to 4 to 5 lakh high networth individuals across the country who trade on the exchanges of this unregulated virtual currency.
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Bitcoins Legal Or Illegal in India? Ten Things You Must Know About Cryptocurrencies
About bitcoin trading, the RBI apprised of five major risks. The first and foremost is that digital currencies, being in electronic format, are prone to losses arising out of hacking, loss of password etc
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RBI Warns Bitcoin Traders Of Risks Galore in Virtual Currencies
The RBI reinforced its previous message to "users, holders and traders of Virtual Currencies including Bitcoins regarding the potential economic, financial, operational, legal, customer protection and security related risks"
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Investors Rate Rupee First In Poll As Asia Currencies Edge Out Others
India's rupee and the Indonesian rupiah -- the region's two highest-yielding currencies -- took first and third place in the poll, in which 18 investors, traders and strategists were asked to gauge the resilience of currencies when it comes to a suite of risk factors looming in the second half.
-
Scott Bessent, Donald Trump's US Treasury Pick, Fuels Global Relief Rally Vs Dollar
The selection of Scott Bessent as the next Treasury Secretary has fueled a rally in currencies around the world against the dollar, as traders trim bets that the return of Donald Trump will send tremors throughout global markets.
-
Trade Body Appeals Shopkeepers In Delhi To Not Accept Rs 2,000 Note
A traders' body has appealed to market associations, shopkeepers, traders, and factory owners across Delhi to not accept Rs 2,000 currency notes after September 29.
-
Foreign Trade Can Be Done In Indian Currency Soon: Minister
Commerce and Industry Minister Piyush Goyal on Saturday expressed hope that traders will soon be able to settle foreign trade in the rupee currency as several banks from different countries are opening special Vostro accounts with Indian banks.
-
Rs 196 Crore, 23 Kg Gold Bars, 2 Cities: Week-Long Raid On UP Trader Ends
The tax raid against an Uttar Pradesh businessman, which shocked the country with visuals of heaps of currency notes and multiple machines deployed to count them, has finally ended a week after it began.
-
Cryptocurrency Trading for Some Digital Coins Banned in Thailand, Including 'Meme Currencies' Like Dogecoin
Thailand has become the latest country in Asia, after China, to restrict trading in the highly speculative cryptocurrencies and the non-fungible tokens (NFTs). The Thai Securities and Exchange Commission (SEC) issued new regulations that ban certain types of digital coins, including meme currencies like Dogecoin.
-
Indian-origin Man Convicted For Price Fixing In US Foreign Exchange Market
An Indian-origin former currency trader was convicted for his participation in an antitrust conspiracy to manipulate prices for emerging market currencies in the global foreign currency exchange market (FX), the Justice Department announced.
-
Iranian Trader, Called "Sultan Of Coins", Executed For Gold Trafficking
Iran executed a trader dubbed the "Sultan of Coins" and his accomplice on Wednesday for exploiting a surge in gold demand from savers spooked by this year's currency crisis.
-
Rupee Falls To Fresh 3-Month Lows Against US Dollar Today
Increased demand for the US currency from importers and strength in dollar against other currencies overseas kept the pressure on the rupee, traders said.
-
Crude Oil Stable On Weaker Dollar, But Pockets Of Oversupply Linger
Ongoing weakness in the US dollar, which potentially stokes demand from countries using other currencies at home, as well as healthy economic growth were supporting oil markets, traders said.
-
Britain Sees First Bitcoin Armed Robbery: Reports
Armed robbers have raided the house of a British virtual currency trader, forcing him to transfer Bitcoins after tying up his wife and threatening him with a gun, British media reported on Monday.
-
Income Tax Department Cracks Down On Cryptocurrency Traders, Again
A nationwide survey showed more than $3.5 billion worth of transactions have been conducted over a 17-month period, the income tax department said
-
Tax Notices To Be Sent To High Networth Bitcoin Traders
Tax department is set to issue notices to 4 to 5 lakh high networth individuals across the country who trade on the exchanges of this unregulated virtual currency.
-
Bitcoins Legal Or Illegal in India? Ten Things You Must Know About Cryptocurrencies
About bitcoin trading, the RBI apprised of five major risks. The first and foremost is that digital currencies, being in electronic format, are prone to losses arising out of hacking, loss of password etc
-
RBI Warns Bitcoin Traders Of Risks Galore in Virtual Currencies
The RBI reinforced its previous message to "users, holders and traders of Virtual Currencies including Bitcoins regarding the potential economic, financial, operational, legal, customer protection and security related risks"
-
Investors Rate Rupee First In Poll As Asia Currencies Edge Out Others
India's rupee and the Indonesian rupiah -- the region's two highest-yielding currencies -- took first and third place in the poll, in which 18 investors, traders and strategists were asked to gauge the resilience of currencies when it comes to a suite of risk factors looming in the second half.
