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  • Currency slump, 132% inflation no cause for ‘panic’ in Zimbabwe May 26, 2022 01:14 PM IST

    Currency slump, 132% inflation no cause for ‘panic’ in Zimbabwe

    “We are instituting measures that every other country in the world is instituting,” Ncube said in an interview with Bloomberg Television’s Manus Cranny and Yousef Gamal El-Din from Davos on Thursday. “We are not in panic mode.”

  • Russia could legalize cryptocurrencies as means of payment - industry minister May 18, 2022 10:41 PM IST

    Russia could legalize cryptocurrencies as means of payment - industry minister

    Cryptocurrency is likely to become Russia's new means of payment, says Russian minister.

  • The Hong Kong Dollar is the best stablecoin. Sorry, Terra and Luna May 17, 2022 04:52 PM IST

    The Hong Kong Dollar is the best stablecoin. Sorry, Terra and Luna

    Governments are better at guaranteeing stability than crypto pegged to the US dollar. Hong Kong’s currency is proof of that

  • Rupee recovers from record lows to end 7 paise higher at 77.47 against dollar May 17, 2022 04:50 PM IST

    Rupee recovers from record lows to end 7 paise higher at 77.47 against dollar

    After opening lower at 77.67, the local unit plunged further to its all-time intra-day low of 77.79 due to a spike in crude oil prices and disappointing macroeconomic data.

  • Croatia passes law paving way for euro currency introduction May 13, 2022 07:04 PM IST

    Croatia passes law paving way for euro currency introduction

    ZAGREB, Croatia Croatian lawmakers on Friday approved a law that paves the way for the introduction of the euro currency next year.Croatia is due to rep..

  • Rupee near 78: Four ways a weak currency impacts the Indian economy May 12, 2022 07:17 PM IST

    Rupee near 78: Four ways a weak currency impacts the Indian economy

    Banks, especially public sector lenders, that have actively raised money from offshore markets will find it costlier to service debt due to the currency’s depreciation.

  • IT stocks fall even as rupee weakens amid bleak outlook, margin pressure May 11, 2022 06:48 AM IST

    IT stocks fall even as rupee weakens amid bleak outlook, margin pressure

    Macroeconomic factors including uncertainty related to the ongoing Russia-Ukraine war are likely to have some impact on IT services companies with considerable presence in Eastern Europe

  • US dollar's hideous strength threatens global growth May 03, 2022 02:39 PM IST

    US dollar's hideous strength threatens global growth

    The US currency’s rapid rise will make it harder for other countries to curb inflation

  • FX Learn | Currency trading: The basics explained Apr 27, 2022 11:43 AM IST

    FX Learn | Currency trading: The basics explained

    Currency trading is a less explored corner of the market among individual traders. In a new series, we take you into the world of currency trading, starting with the basics

  • India Must Push Rupee as International Trade Currency, Benefits Far Outweigh Losses Apr 21, 2022 09:06 PM IST

    India Must Push Rupee as International Trade Currency, Benefits Far Outweigh Losses

    An aggressive international trade lobbying is required to actively promote Rupee trade with dominant economies

  • Dollar restrained by risk revival, spread of rate speculation Feb 02, 2022 08:11 AM IST

    Dollar restrained by risk revival, spread of rate speculation

    The dollar was back at 114.70 yen , after dropping 0.4% overnight and away from last week's top at 115.68 which now marks major resistance. Still, it remains comfortably above key support around 113.47.

  • Sell USDINR; target of 73.75: ICICI Direct Jan 12, 2022 11:23 AM IST

    Sell USDINR; target of 73.75: ICICI Direct

    ICICI Direct expect the Euro appreciated by 0.32% yesterday mainly on the back of weakness in dollar and rise in risk appetite in the global markets.

  • Dollar shines, Euro droops as Omicron spreads while Fed hawks circle Dec 20, 2021 09:45 AM IST

    Dollar shines, Euro droops as Omicron spreads while Fed hawks circle

    The euro sank with the British pound after the Netherlands went into lockdown on December 19 and Britain's health minister declined to rule out the chance of further restrictions before Christmas amid the rapid spread of the Omicron coronavirus variant

  • Seizure of counterfeit currency up in 2020: NCRB report Sep 22, 2021 10:43 AM IST

    Seizure of counterfeit currency up in 2020: NCRB report

    The seizure of fake currency notes increased 191% in 2020, according to data from the National Crime Records Bureau. Rs 2,000 notes accounted for 53 percent of the total seizure by value, followed by Rs 1,000, at 35 percent.

  • Dollar near one-month high as Evergrande risks, Fed loom Sep 22, 2021 07:45 AM IST

    Dollar near one-month high as Evergrande risks, Fed loom

    The dollar traded at 109.165 yen, near the low end of its trading range since mid-August.

  • Crypto not currency; needs to be regulated as asset: Former RBI deputy governor R Gandhi Sep 07, 2021 03:32 PM IST

    Crypto not currency; needs to be regulated as asset: Former RBI deputy governor R Gandhi

    After quite a lot of debate over the years, he said, people have fully understood that crypto cannot be a currency because the fundamental element of a currency- that it should be a legal tender- is missing in this case.

  • Mark Mobius suggests holding 10% in physical gold, says currencies globally to be devalued Aug 30, 2021 02:58 PM IST

    Mark Mobius suggests holding 10% in physical gold, says currencies globally to be devalued

    Mobius, who has over 30 years of experience at Franklin Templeton Investments, has cited the increased government expenditure in form of pandemic stimulus as the reason behind a likely devaluation of currencies.

  • Buy USDINR; target of: 74.57 - 74.70: ICICI Direct Aug 13, 2021 08:59 AM IST

    Buy USDINR; target of: 74.57 - 74.70: ICICI Direct

    ICICI Direct, The rupee recovered by 17 paise to close at 74.26 on Thursday on a sharp recovery in equities, softness in dollar index from higher levels•

  • Finance minister says no plan to print currency to tide over COVID-19 crisis Jul 26, 2021 01:25 PM IST

    Finance minister says no plan to print currency to tide over COVID-19 crisis

    FM Nirmala Sitharaman said the gradual scaling back of lockdowns, along with the astute support of Aatmanirbhar Bharat Mission has placed the economy firmly on the path of recovery from the second half of FY21.

  • Stocks slide, bond yields dip as inflation worries linger Jul 17, 2021 09:35 AM IST

    Stocks slide, bond yields dip as inflation worries linger

    Equity markets declined as investors turned risk-averse, with defensive stocks gaining both on Wall Street and in Europe.

  • Dollar off to firm start as US price data fail to quell inflation worries Jun 28, 2021 07:49 AM IST

    Dollar off to firm start as US price data fail to quell inflation worries

    The euro was little changed at $1.19385, struggling to recover the $1.20 level while the dollar consolidated at 110.80 yen, not far from June 23's 5-month high of 110.105.

  • Dollar firm as traders brace for US inflation data Jun 25, 2021 08:24 AM IST

    Dollar firm as traders brace for US inflation data

    The US dollar index was steady at 91.833, off a week-ago high of 92.408 but clear of troughs below 90 that it had plumbed in May.

  • DAILY VOICE | H2 2021 to be more of a stock pickers market: Amnish Aggarwal of Prabhudas Lilladher Jun 24, 2021 07:59 AM IST

    DAILY VOICE | H2 2021 to be more of a stock pickers market: Amnish Aggarwal of Prabhudas Lilladher

    Indian markets are currently trading at a premium to 10-year averages and seem quite balanced as it factors in a sharp revival in growth, says Aggarwal.

  • Dollar jumps after Fed pulls interest rate hikes into 2023 Jun 17, 2021 07:45 AM IST

    Dollar jumps after Fed pulls interest rate hikes into 2023

    The US dollar rose to its highest level in almost two months after the Federal Reserve put out projections for the first post-pandemic interest rate hikes into 2023

  • Bonds stung, dollar cheered by sudden hawkish turn at Fed Jun 17, 2021 07:39 AM IST

    Bonds stung, dollar cheered by sudden hawkish turn at Fed

    The dollar boasted its strongest single day gain in 15 months as 10-year US Treasury yields jumped by the most since early March.

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