Currencies News
Dollar Slumps 1% After Powell Touts Case for Interest-Rate Cuts
The dollar plunged after Federal Reserve Chair Jerome Powell affirmed expectations that the central bank will cut interest rates next month, sparking a rally in the currencies of major global peers.
2 min read24 Aug 2024Japanese Yen rises to 7-month high: What does it mean for Indians travelling to Japan?
In the past one month, Japanese Yen has risen by 10.84 percent against the US dollar. Japanese Yen traded at 0.0068962 USD (1 JPY) on Tuesday.
1 min read6 Aug 2024Invested in cryptos this year? You will have to pay tax at this rate…
Any gains accrued on your investment in cryptocurrencies are liable to 30 percent tax while no set off is allowed for losses incurred in crypto trading
1 min read2 Jul 2024Currency Angst Is Going Global as Strong Dollar Vexes Markets
A resurgent US dollar is exasperating central bankers and governments around the world, forcing them into action to relieve the pressure on their own currencies.
4 min read4 Apr 2024Emerging-Market Assets Edge Lower Amid Thin Liquidity, US Data
Emerging-market stocks and currencies closed lower on Monday after fresh US factory data caused traders to reassess bets on interest rate cuts in the world’s largest economy, weighing on risk appetite.
2 min read2 Apr 2024Rupee’s hitting record lows; Key reasons explained
On Tuesday the Indian Rupee fell to a record low of 81.77 against the dollar, and it settled above the 81 mark for the fourth time in a row. So far this year, the Indian currency has lost 10% of its value against the US dollar.
5 min read28 Sep 2022Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared