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Rupee Falls 8 Paise To 86.87 Against US Dollar
The rupee failed to sustained its recovery and depreciated 8 paise to close at 86.87 (provisional) against the US dollar on Wednesday due to a firm American currency and unending outflow of foreign funds.
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BRICS' Move to Introduce Digital Assets Platform for De-Dollarisation Sparks Criticism from Trump
Over the weekend, Trump warned BRICS nations, including India, to prepare for a 100 percent increase in tariff rates if they persist in efforts to diminish the US dollar's role in the global economy.
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Petrol, Diesel Prices Today: Check City-Wise Rates On November 20
Fluctuations in the exchange rate between the Indian rupee and the US dollar influence the prices of fuels. Here's how they stand today.
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Dollar Dips As US Election Outcome Remains Uncertain, Fed Rate Cut Looms
The dollar slipped in Asia on Monday as investors braced for a potentially pivotal week for the global economy as the US chooses a new leader and, probably, cuts interest rates again with major implications for bond yields.
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Rupee Slips To Record Low After Government Raises Tax On Capital Gains
The Indian rupee, teetering at an all-time low, slipped further against the US dollar on Tuesday, pressured by the drop in local equities after the government in the Budget proposed raising the tax rate on capital gains.
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Gold Prices Surge To Record High As US Fed Holds Interest Rates
Gold prices climbed to a record high on Thursday, as the U.S. dollar and bond yields ticked lower after the Federal Reserve maintained its projection of three rate cuts for this year.
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Dollar Steady, Bitcoin Holds Gains Ahead of Expected Spot ETF Approval
A decline in US consumer inflation expectations kept the dollar rally in check on Tuesday as traders reaffirmed their bets for a slew of Federal Reserve rate cuts this year.
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Gold Prices Hit Six-Month High On Weak US Dollar
Gold prices hit a more than six-month high on Monday, firming above the $2,000 per ounce level, as a weaker dollar and expectations of an end to US interest rate hikes lifted demand.
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IMF Fears Zimbabwe’s Plan to Launch Gold-Backed Digital Asset Could Trigger Financial Instability
The authorities of the International Monetary Fund (IMF) have reached out to the regulators of Zimbabwe advising them against issuing a gold-back digital asset to fight against the rising inflation. Zimbabwe is considering the launch of this stablecoin in order to reduce its dependency on the US dollar amid back-to-back interest rate hikes in the U...
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Rupee Falls 2 Paise To 81.96 Against US Dollar In Early Trade
The rupee declined 2 paise to 81.96 against the US dollar in early trade on Thursday amid weak sentiments in the Asian markets and upward movement in the crude oil price.
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Rupee May Nudge Higher After Data Indicates Fed May Pause Rate Hikes
Rupee is poised to open higher on Thursday, after largely in-line US inflation data made it more likely the US Federal Reserve will not raise rates at its next meeting.
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Circle Pay CEO Backs Stablecoin Legalisation in the US Amid ‘Accelerating De-Dollarisation': All Details
Jeremy Allaire, the CEO of stablecoin issuer Circle Pay has stressed that the US must get serious about considering stablecoin legalisation. He has suggested that the Federal Reserve introduce a digital dollar soon into its existing financial system and ‘capitalise on the high demand’ of stablecoins like USDC.
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Indian IT Company Set To Announce Big Dividend In April 2023. Read Details Here
With interest rates still on the rise, the Indian rupee is expected to fall against the US dollar, which could possibly benefit Indian IT stocks.
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Dollar Nears Multi-Week Low After US Banks' Collapse Puts Markets On Edge
The fallout sent traders scaling back their bets on how much further the US Federal Reserve would continue raising interest rates, sparking a sharp rally in Fed funds futures and sending the US dollar tumbling.
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Rupee Declines 11 Paise To Close At 82.03 Against US Dollar
Forex traders said the Dollar index gained strength after US Federal Reserve Chairman Jerome Powell reignited worries of a 50-bps rate hike in the Federal Open Market Committee (FOMC) meeting to be held on March 21-22, 2023.
-
Rupee Falls 8 Paise To 86.87 Against US Dollar
The rupee failed to sustained its recovery and depreciated 8 paise to close at 86.87 (provisional) against the US dollar on Wednesday due to a firm American currency and unending outflow of foreign funds.
-
BRICS' Move to Introduce Digital Assets Platform for De-Dollarisation Sparks Criticism from Trump
Over the weekend, Trump warned BRICS nations, including India, to prepare for a 100 percent increase in tariff rates if they persist in efforts to diminish the US dollar's role in the global economy.
-
Petrol, Diesel Prices Today: Check City-Wise Rates On November 20
Fluctuations in the exchange rate between the Indian rupee and the US dollar influence the prices of fuels. Here's how they stand today.
-
Dollar Dips As US Election Outcome Remains Uncertain, Fed Rate Cut Looms
The dollar slipped in Asia on Monday as investors braced for a potentially pivotal week for the global economy as the US chooses a new leader and, probably, cuts interest rates again with major implications for bond yields.
-
Rupee Slips To Record Low After Government Raises Tax On Capital Gains
The Indian rupee, teetering at an all-time low, slipped further against the US dollar on Tuesday, pressured by the drop in local equities after the government in the Budget proposed raising the tax rate on capital gains.
-
Gold Prices Surge To Record High As US Fed Holds Interest Rates
Gold prices climbed to a record high on Thursday, as the U.S. dollar and bond yields ticked lower after the Federal Reserve maintained its projection of three rate cuts for this year.
-
Dollar Steady, Bitcoin Holds Gains Ahead of Expected Spot ETF Approval
A decline in US consumer inflation expectations kept the dollar rally in check on Tuesday as traders reaffirmed their bets for a slew of Federal Reserve rate cuts this year.
-
Gold Prices Hit Six-Month High On Weak US Dollar
Gold prices hit a more than six-month high on Monday, firming above the $2,000 per ounce level, as a weaker dollar and expectations of an end to US interest rate hikes lifted demand.
-
IMF Fears Zimbabwe’s Plan to Launch Gold-Backed Digital Asset Could Trigger Financial Instability
The authorities of the International Monetary Fund (IMF) have reached out to the regulators of Zimbabwe advising them against issuing a gold-back digital asset to fight against the rising inflation. Zimbabwe is considering the launch of this stablecoin in order to reduce its dependency on the US dollar amid back-to-back interest rate hikes in the U...
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Rupee Falls 2 Paise To 81.96 Against US Dollar In Early Trade
The rupee declined 2 paise to 81.96 against the US dollar in early trade on Thursday amid weak sentiments in the Asian markets and upward movement in the crude oil price.
-
Rupee May Nudge Higher After Data Indicates Fed May Pause Rate Hikes
Rupee is poised to open higher on Thursday, after largely in-line US inflation data made it more likely the US Federal Reserve will not raise rates at its next meeting.
-
Circle Pay CEO Backs Stablecoin Legalisation in the US Amid ‘Accelerating De-Dollarisation': All Details
Jeremy Allaire, the CEO of stablecoin issuer Circle Pay has stressed that the US must get serious about considering stablecoin legalisation. He has suggested that the Federal Reserve introduce a digital dollar soon into its existing financial system and ‘capitalise on the high demand’ of stablecoins like USDC.
-
Indian IT Company Set To Announce Big Dividend In April 2023. Read Details Here
With interest rates still on the rise, the Indian rupee is expected to fall against the US dollar, which could possibly benefit Indian IT stocks.
-
Dollar Nears Multi-Week Low After US Banks' Collapse Puts Markets On Edge
The fallout sent traders scaling back their bets on how much further the US Federal Reserve would continue raising interest rates, sparking a sharp rally in Fed funds futures and sending the US dollar tumbling.
-
Rupee Declines 11 Paise To Close At 82.03 Against US Dollar
Forex traders said the Dollar index gained strength after US Federal Reserve Chairman Jerome Powell reignited worries of a 50-bps rate hike in the Federal Open Market Committee (FOMC) meeting to be held on March 21-22, 2023.
