New Delhi: The Reserve Bank of India (RBI) has sold a little more than $26 billion worth of its foreign currency reserves since end-September in a likely bid to stabilise the ongoing fall …
Male: Dollar-starved Maldives has floated a new foreign currency regulation, limiting types of transactions allowed in foreign currency and imposing mandatory foreign currency exchange controls on tourism establishments and banks. …
The dollar drifted sideways on Wednesday, giving some relief to the yen and other major currencies after a sharp rally to a seven-week high last week, as investors paused to …
A divergence is emerging among leveraged funds on their positions in the yen ahead of U.S. Federal Reserve and Bank of Japan meetings that will dictate the currency’s near-term trajectory. …
Rising prices have made people grumpy. They have depressed consumer confidence, despite a growing economy and low unemployment. But exactly how inflation is hurting, helping and confusing people is hard …
The dollar fell broadly on Friday in a bout of positive risk sentiment following upbeat big tech earnings on Wall Street, while traders awaited U.S. jobs data due later in …
Following two consecutive years of underperformance, gold made a swift turnaround in 2023, gaining more than 15% in the international market. Multiple catalysts like geopolitical tensions, US Fed policy decisions, …
Gold prices finished above $2,000 for the fifth straight week, with Comex Feb futures ending the week at $2066.90, up by 2.4% as the dollar lost the plot to dip …
Mumbai: Will the bullish momentum in Indian equities reverse in the near term after seven straight weeks of gains? That’s the question market watchers will be pondering over in the …
(This story originally appeared in on Dec 12, 2023) MUMBAI: It is highly unusual for the rupee to reach a new low against the dollar while the sensex hits new …