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Dollar steady in cautious start to busy data, Fed week

Dollar steady in cautious start to busy data, Fed week

Mon, Jan 29, 2024

US dollar rate index news: The dollar started the week on a steady footing as investors took stock of US economic data ahead of the Federal Reserve policy meeting this week, while escalating geopolitical tensions in the Middle East kept risk sentiment in check.

Dollar steady ahead of inflation data; euro eases on ECB rate cut hopes

Dollar steady ahead of inflation data; euro eases on ECB rate cut hopes

Fri, Jan 26, 2024

US dollar rate index news: The US dollar held firm on Friday after rising overnight, as traders weighed how domestic GDP data that surprised to the upside would impact the Federal Reserve's rate path and awaited key inflation data later in the day.

US dollar falls ahead of GDP, inflation data; Fed in focus

US dollar falls ahead of GDP, inflation data; Fed in focus

Thu, Jan 25, 2024

US dollar rate index news: The US dollar dropped on Wednesday, taking a breather from recent gains, as investors consolidated positions and looked to economic data this week and the Federal Reserve policy meeting next week for more clues about the start of the easing cycle.

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Rupee surges 14 paise to 73.25 against US dollar in early trade

Rupee surges 14 paise to 73.25 against US dollar in early trade

Mon, Aug 31, 2020

The rupee appreciated 14 paise to 73.25 against the American currency in early trade on Monday tracking weak US dollar and sustained foreign fund inflows into the domestic equity market. Forex traders said heavy buying in domestic equities, and strong Asian currencies also aided the positive trend in the local unit

GDP numbers, Rupee, auto sales data fresh triggers for markets this week: Analysts

GDP numbers, Rupee, auto sales data fresh triggers for markets this week: Analysts

Mon, Aug 31, 2020

Domestic equity bourses in the coming week will be guided by Q1 GDP print, infrastructure output data for July and monthly auto sales numbers, which together will give an indication about the health of the economy, analysts said

India's forex reserves rises by over $2 billion

India's forex reserves rises by over $2 billion

Sun, Aug 30, 2020

India's foreign exchange reserves jumped higher by $2.296 billion, during the week ended August 21.

Currency alert! 5-month high - How liquidity gush in stock markets powered rupee to break the 74-mark

Currency alert! 5-month high - How liquidity gush in stock markets powered rupee to break the 74-mark

Sun, Aug 30, 2020

A liquidity gush in the stock markets powered rupee to break the 74-mark as it ended at 73.80 to a dollar, making it the strongest currency in the past three months, closing at a five-month high.

Global cues, Q1 GDP expectations to make rupee volatile: Experts

Global cues, Q1 GDP expectations to make rupee volatile: Experts

Sun, Aug 23, 2020

Optimism over the development of Covid-19 vaccine along with broad-based growth trends is expected to induce volatility in the rupee's value during the short term.

Have soiled currency notes? Regret the loss? Worry not, exchange them for brand new ones; here is how

Tue, Jul 07, 2020

No bank branch can refuse to accept small denomination notes and / or coins tendered at their counters. All coins in the denomination of 50 paise, ₹ 1/-, 2/-, 5/-, 10/- and 20/- of various sizes, theme and design issued from time to time by the Government of India continue to be legal tender

Strict action taken on handling cash! This is what banks have been asked to do with currency notes

Strict action taken on handling cash! This is what banks have been asked to do with currency notes

Thu, Apr 02, 2020

Strict action has been taken on recycling of inward currencies in the wake of coronavirus outbreak in India. That means currency notes will not be sent back into the financial space in order to safeguard the public

Have fear of fake news? Crackdown coming! What government is set to do

Have fear of fake news? Crackdown coming! What government is set to do

Thu, Apr 02, 2020

Fake news crackdown: The Centre on Wednesday announced creation of a web portal where people can verify facts and unverified news promptly, and also advised the states and Union Territories (UTs) to create a similar mechanism.

China wants to ban Bitcoin for wasting resources

China wants to ban Bitcoin for wasting resources

Fri, Apr 12, 2019

Bitcoin, the digital currency may be considered as revolutionary for the economies but China thinks otherwise. The country is proposing to ban the practice of mining the cryptocurrency for wasting resources. The National Development and Reform Commission, the country's chief planning regulator, is proposing to ban Bitcoin mining, which it says has seriously wasted resources, Engadget reports.

What lies ahead for Rupee? Lok Sabha election, RBI, Indian markets to decide

What lies ahead for Rupee? Lok Sabha election, RBI, Indian markets to decide

Wed, Mar 27, 2019

Earlier CLSA pointed that, rupee has gained 7% from its all-time lows made in October 2018.

Did you come across Re 1, Rs 2, Rs 5, Rs 10 fake coins? This is how you can detect real one

Did you come across Re 1, Rs 2, Rs 5, Rs 10 fake coins? This is how you can detect real one

Sat, Mar 09, 2019

Many news agencies have reported about Rs 5 and Rs 10 fake coins circulation as well.

Zimbabwe plans new currency as dollar shortage bites: Finance Minister

Zimbabwe plans new currency as dollar shortage bites: Finance Minister

Sat, Jan 12, 2019

The southern African nation abandoned its own hyperinflation-wrecked currency in 2009 at the height of an economic recession, adopting the greenback and other currencies including sterling and the South African rand .

From Demonetisation low, currency with public doubles, hits record at over Rs 18 lakh cr

From Demonetisation low, currency with public doubles, hits record at over Rs 18 lakh cr

Sun, Jun 10, 2018

Currency with the public has reached a record high level of over Rs 18.5 lakh crore, more than double from a low of about Rs 7.8 lakh crore it had hit post-demonetisation decision in late 2016, as per RBI data.

Asia shares near decade highs, currencies tread water

Asia shares near decade highs, currencies tread water

Mon, Nov 06, 2017

Asian shares hovered near decade highs on Monday as strong U.S. economic data and corporate earnings supported global stocks while major currencies held in tight ranges as investors focussed on U.S. President Donald Trump`s tour of Asia this week.

RBI introduces new Rs 50 banknote; here’s what they look like

RBI introduces new Rs 50 banknote; here’s what they look like

Fri, Aug 18, 2017

Central bank confirms it will be rolling out new Rs 50 notes.

Can bitcoins be a safe haven for investors in troubled times around the world?

Can bitcoins be a safe haven for investors in troubled times around the world?

Thu, Jun 01, 2017

The value of the bitcoin has more than doubled over the last 5 months mainly due to insecurities around the US President Donald Trump and the controversies surrounding his government.

New one rupee notes to be in circulation soon

New one rupee notes to be in circulation soon

Tue, May 30, 2017

New one rupee notes with predominantly pink-green on obverse and reverse in combination with other colours will be soon put into circulation.

Facing election defeat, France's Le Pen flip-flops on euro

Facing election defeat, France's Le Pen flip-flops on euro

Mon, May 01, 2017

Voter surveys show Macron winning next Sunday with 59-60 percent of the vote, and Le Pen`s plans to quit the EU and the euro are among the least popular policies in her protectionist, anti-immigration electoral platform.

India's December external debt falls to $456.1 billion: Govt

India's December external debt falls to $456.1 billion: Govt

Fri, Mar 31, 2017

India`s end-December external debt fell by $29 billion to $456.1 billion from end-September, largely driven by a decline in long-term debt, the finance ministry said on Friday. The fall in Non-resident Indian deposits reflected Foreign Currency Non-Repatriable (B) deposits redemption.

How long will the Indian Rupee appreciate for?

How long will the Indian Rupee appreciate for?

Tue, Mar 28, 2017

As per Nirmal Bang Research, RBI intervention is decreasing as forex market turnover has more than trebled in past decade indicating INR to be more market-determined or more sensitive to foreign portfolio flows.

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