March 20, 2024 10:03 AM ISTThere have been multiple attempts by economists, central bankers and government officials to wean the public off currency and nudge them towards using digital payment platforms but cash tends to bounce back
March 15, 2024 10:57 PM IST Data on Friday showed a solid U.S. manufacturing sector, with output rebounding by 0.8% last month after a downwardly revised 1.1% decline in the prior month.
March 15, 2024 05:04 PM IST At the interbank foreign exchange market, the local unit opened at 82.95 and touched the intra-day low of 82.96 and a high of 82.85 against the greenback.
March 01, 2024 04:49 PM IST The steep currency declines in Africa should force a switch away from imports toward domestic production and exports. But barriers such as high labour costs, expensive power, poor infrastructure and inefficient regulation limit African firms’ competitiveness. The depreciations could end up reducing both imports and domestic consumption and lead to stagflation
February 16, 2024 03:56 PM IST At the interbank foreign exchange market, the local unit opened at 83.03 and touched the intraday high of 83.00 against the greenback.
February 02, 2024 09:58 PM IST The dollar had weakened in recent days in line with falling Treasury yields, even after Fed Chair Jerome Powell on Wednesday said that a March rate cut was unlikely.
January 24, 2024 02:27 PM IST While the fall in euro usage and corresponding jump in dollar dominance may have been overdone last year, any correction is likely to be modest until the geopolitical air clears. Some of the loss of status and relevance for the euro will be permanent
January 18, 2024 04:15 PM IST The rupee closed at 83.1225 against the U.S. dollar, barely changed from its close at 83.1375 in the previous session.
January 11, 2024 12:22 PM IST A weak yen makes Japan more of an export play than ever, but saps returns for overseas shareholders
January 08, 2024 12:17 PM IST Truth be told, we weren’t supposed to stay around for a long while. We were a stop-gap arrangement to speed up the remonetization of the economy after the 2016 demonetization exercise
January 04, 2024 04:19 PM IST The rupee ended at 83.23 against the U.S. dollar, higher by 0.05% compared with its close at 83.2750 in the previous session.
January 04, 2024 09:09 AM IST Asian currencies were trading weaker after US federal reserve meeting minutes indicated interest rates will remain elevated for longer
December 29, 2023 09:19 AM IST Indian markets gained for fifth straight sessions with gaining around 2.5 percent during this period. So far this year, both Sensex and Nifty gained around 17 percent each.
December 26, 2023 04:04 PM IST A positive equity market sentiment and softer crude oil prices, however, provided a cushion and restricted the fall in the Indian currency, forex traders said.
December 22, 2023 09:08 AM IST Indian rupee opened little changed against US dollar even as Asian currencies were trading higher.
December 15, 2023 05:57 PM IST The cohort are essentially making a bet that the Reserve Bank of India will continue to keep a tight grip on the currency as it seeks to contain volatility and slow its decline past a record low
December 15, 2023 09:21 AM IST The rupee rose by 13 paise on December 14 but lost ground due to the ongoing dollar buying pressure
December 08, 2023 03:30 PM IST Ignoring the yuan’s rise because of China's recent economic troubles might be a mistake. Thanks to the country’s cumbersome capital controls, sending cash out of China has always been problematic and unpredictable. But that is poised to change now as the country takes small steps towards full capital account convertibility
December 08, 2023 09:14 AM IST Ahead of the RBI's monetary policy announcement today, expectations suggest it will likely maintain the status quo.
December 07, 2023 09:56 AM IST The RBI meeting began on December 6 to review the country’s monetary policy
November 24, 2023 04:50 PM IST The rupee ended at 83.3675 against the US dollar, lower by 0.03% compared with its close at 83.3425 in the previous session.
October 30, 2023 04:27 PM IST The rupee closed at 83.25, little changed from its close at 83.2450 in the previous session. The currency traded in a narrow 83.2450 to 83.27 range in the spot session.
October 27, 2023 05:58 PM IST In the previous reporting week, the overall reserves had increased by USD 1.153 billion to USD 585.895 billion.
October 27, 2023 11:06 AM IST Central banks in Asia are entertaining muscular tactics to shore up faltering currencies. Letting currencies weaken too much can jeopardise financial stability and fuel inflation. Indonesia got the message. Now other countries like Malaysia and South Korea may follow suit
October 26, 2023 03:59 PM IST Forex markets were closed on Tuesday on account of Dussehra. Analysts attributed the strengthening dollar to a record rise in the US Treasury yields after positive data on home sales in the US on Wednesday.
