The rupee depreciated 2 paise to 82.77 against the U.S. dollar in early trade on Monday weighed down by foreign capital outflows and a rise in crude oil prices in the international market. However, a weak greenback against major rivals overseas cushioned the downside for the local unit, forex dealers said. At the interbank foreign […]
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The rupee appreciated 17 paise to 81.55 against the U.S. dollar in early trade on Wednesday on broad dollar weakness and a positive trend in domestic equities. At the interbank foreign exchange, the domestic unit opened at 81.63 against the dollar, then gained ground to touch 81.55, registering a rise of 17 paise over its […]
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The rupee depreciated 6 paise to 81.77 against the U.S. dollar in early trade on Monday, tracking a lacklustre trend in domestic equity markets and a firm American currency overseas. However, lower crude prices in the international market and fresh foreign fund inflows restricted the rupee’s fall, forex dealers said. At the interbank foreign exchange, […]
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The rupee depreciated by 37 paise to close at 81.63 (provisional) against the US dollar on Thursday, tracking the strength of the American currency in the overseas markets and a muted trend in domestic equities. Forex traders said the American currency strengthened after strong U.S. retail sales data pointed to resilient consumption adding room for […]
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With the fall of the rupee, Indian students may have to plan better, pick up extra loans or maybe even give up their dream of studying abroad. However, Nasser Salim, managing partner at investment services firm Flexi Capital, believes that if parents plan early and in the right way, sending their children abroad for higher […]
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At the interbank foreign exchange, the rupee opened at 81.90 against the dollar, then fell to 81.93, registering a fall of 40 paise over its previous closing At the interbank foreign exchange, the rupee opened at 81.90 against the dollar, then fell to 81.93, registering a fall of 40 paise over its previous closing The […]
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Impact of Falling Rupee: With the fall of the rupee, Indian students studying abroad, especially in the US, may have to pick up extra loans and finances to ensure they are comfortable, according to experts. As the rupee’s value is depreciating, the tuition fee for Indian students abroad is on the rise, they added. “In […]
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As regulators train their sights on stablecoins, what should people know about this asset class As regulators train their sights on stablecoins, what should people know about this asset class The story so far: In early July, the Financial Stability Board (FSB), a body which advises major economies on international finance, promised to push for stablecoin […]
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The arrangement aims to provide liquidity support for participating central banks during future periods of market volatility by creating a reserve pool, said PBOC The arrangement aims to provide liquidity support for participating central banks during future periods of market volatility by creating a reserve pool, said PBOC China’s central bank has signed an agreement […]
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The world’s largest stablecoin Tether is likely being shorted by hedge funds. This comes as the market continues to witness an intense sell-off after the Luna-Terra fiasco. Shorting or short-selling refers to an act of selling a digital asset in the hope that it falls in value and then you can buy it back at […]
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