Currency News
The idea of a Brics currency is looking like a charade
The group’s plans to challenge the supremacy of the US dollar did not get far at its recent summit in Russia, even if polite noises were made. This failure to make headway should not surprise anyone.
1 min read20 Nov 2024INR vs USD: Indian National Rupee hits record low of 84.38 against the US Dollar; Will it depreciate further?
The Indian Rupee has plummeted to an all-time low against the US Dollar, reflecting broader market instability following the recent US elections. Analysts forecast a turbulent road ahead, influenced by global economic factors and local investor sentiments. Will the rupee stabilize or sink further?
2 min read11 Nov 2024Dollar winds down after volatile week, China NPC in focus
GLOBAL-FOREX/:FOREX-Dollar winds down after volatile week, China NPC in focus
3 min read8 Nov 2024Goldman Says Traders Are Too Worried About Delays to US Vote Result
Goldman Sachs Group Inc. said global investors are overstating the risk that financial markets will be plunged into uncertainty by the lack of a clear victor soon after next week’s US presidential election.
1 min read30 Oct 2024Rupee trades near record low of 84.07 per dollar amid persistent FII outflow; likely to remain rangebound, say analysts
Rupee had declined to its all-time low of 84.0825 earlier this week and has been trading in a narrow range since then, failing to see any recovery and also managing to avoid deeper losses, supported by the Reserve Bank of India’s (RBI) intervention.
2 min read25 Oct 2024RBI seeks to collaborate with US, EU on digital rupee; likely to extend CBDC partnership with UAE
Global collaboration on CBDC will help internationalize the rupee, reduce cross-border transaction costs
3 min read22 Oct 2024RBI repo rate cuts seen delayed to 2025 as inflation spikes to nine-month high in September
The sharp rise in September’s retail inflation has led some economists to delay expectations for interest rate cuts to the first half of 2025.
4 min read15 Oct 2024Rupee falls to lifetime low against the US dollar amid elevated crude oil prices, FII selling
The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.13% higher at 103.02.
1 min read14 Oct 2024Rupee drops past 84 against the US dollar for the first time on high oil prices, FII outflow
Rupee dropped to 84.05 to the dollar, down from 83.9675 in the previous session. Rupee surpassed the previous lifetime low of 83.9850 hit on September 12.
1 min read11 Oct 2024The surprise market winner of 2024: The Great British Pound
The pound was mocked as the “Great British Peso” not long ago. Suddenly, it is the best-performing currency in developed markets.
3 min read1 Oct 2024Popular 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