RBI seen selling dollars to support rupee as USD/INR holds steady
The intervention fits a well established pattern for the RBI through 2026, stepping in periodically to smooth volatility rather than defend a specific level...
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India's UPI needs reform, not US pressure on its digital payments system
The lesson for New Delhi: Keep peer-to-peer and mom-and-pop transactions free, but let large commercial platforms pay, say, 0.5 per cent
Indian proprietary traders’ derivatives profits fall to $4.7 billion
Losses for individual investors before accounting for trading costs declined to 722 billion rupees from 979 billion rupees a year earlier
Swiss Franc Edges Up Against US Dollar as US Debt Concerns Resurface
BitcoinWorld Swiss Franc Edges Up Against US Dollar as US Debt Concerns Resurface The Swiss Franc edged higher against the US Dollar on [date], as renewed concerns...
China pledges timely fiscal support to bolster growth
China will maintain the continuity and stability of macroeconomic policies and plan, and allocate fiscal resources over a longer time horizon.
How banking sector stabilised
The foreign exchange market has also remained broadly stable, with the dollar rate holding steady while foreign exchange reserves increased by over $2 billion to...
Rupee opens 7 paise higher at 95.64 against US dollar
The Indian rupee opened at 95.64 against the USD, affected by high crude oil prices and dollar demand. The RBI's interventions limit volatility, though geopolitical...
Shilling depreciates 3.2% against dollar in July
BoU said the monthly appreciation was supported by continued strong inflows of US dollars from the mining and energy sectors, agricultural export proceeds and...
PWC: Nigeria’s H2 Growth to Hit 4.2% Buoyed By Stronger Oil Output
• Warns high food, energy costs may weaken reform gains •Says growth hinges on turning reforms into jobs, investment Emmanuel Addeh in Abuja Global professional...
Dollar At Rs 95: Is Weaker Rupee A Temporary Shock Or The New Normal?
A rupee at Rs 95 does not automatically mean Rs 100 is around the corner, say experts.