Forex News

Demand for Dollars surges, Rupee sinks to lowest

Demand for Dollars surges, Rupee sinks to lowest

Mumbai: India entering its sixteenth day of a 21-day lockdown has been greeted with news of its currency slipping to unthinkable levels.  On Thursday, the Indian Rupee slipped to levels of 76.54 against the US Dollar in trade. The Dollar Index, referring to the power of the greenback against a ...

Readmore

Demand for Dollars surges, Rupee sinks to lowest

Demand for Dollars surges, Rupee sinks to lowest

Mumbai: India entering its sixteenth day of a 21-day lockdown has been greeted with news of its currency slipping to unthinkable levels.  On Thursday, the Indian Rupee slipped to levels of 76.54 against the US Dollar in trade. The Dollar Index, referring to the power of the greenback against a ...

Readmore

Global selloff: Dow Jones, S&P500 plunge on oil price freefall

Global selloff: Dow Jones, S&P500 plunge on oil price freefall

Global stock markets continued their bear run as Dow Jones and S&P500 plunged as they opened on Monday. The plunge was largely on the back of the 30 per cent overnight slump in crude oil prices, along with the persistent concerns over the impact of coronavirus on the global economy.The Dow Jones...

Readmore

India's new ink to control fake passports and counterfeit currency

India's new ink to control fake passports and counterfeit currency

New Delhi: The issue of fake passports and counterfeit currencies could soon be a thing of the past. That, if an ink, developed recently by CSIR-National physical laboratory manages to succeed.  In a written reply to the Rajya Sabha, Dr Harsh Vardhan, Minister of Science and Technology, Health ...

Readmore

India's forex reserves inch up to $476 bn

India's forex reserves inch up to $476 bn

Mumbai: India's foreign exchange reserves were flat with a slight rise of $29 million during the week ended February 21.According to the RBI's weekly statistical supplement, the overall forex reserves, which are already at a record high, increased to $476.12 billion from $476.09 billion reported for...

Readmore

Pradhan rolls red carpet for Japanese investors in Indian steel sector

Pradhan rolls red carpet for Japanese investors in Indian steel sector

New Delhi: On a day that most metal stocks saw a major drubbing on the domestic exchanges, Union Minister for Steel and Petroleum & Natural Gas rolled out a red-carpet for Japanese investors to woo them towards Indian steel sector.Pradhan, participated at a workshop organized by the Steel minist...

Readmore

Dollar ticks up on rising risk aversion

Dollar ticks up on rising risk aversion

New York: The US dollar was up in late trading on Tuesday due to rising risk aversion in the market.The ZEW Indicator of Economic Sentiment for Germany decreased sharply in February, falling 18.0 points to a new reading of 8.7 points, according to latest release by Leibniz Centre for European Econom...

Readmore

US dollar rises as fears over US-Iran tensions ease

US dollar rises as fears over US-Iran tensions ease

New York: The US dollar rose in late trading, as investors' fears over escalating US-Iran tensions eased following US President Donald Trump's remarks on an Iran attack.Iran on Wednesday launched ballistic missiles at Iraqi bases housing US troops in retaliation for the US killing of Iranian general...

Readmore

India's forex reserves rise to $473 bn

India's forex reserves rise to $473 bn

Mumbai: India's foreign exchange reserves continued to rise during the week ended February 7 to touch a new record high.The RBI's reserves rose by $1.70 billion during the week under review, official data showed on Friday.According to the RBI's weekly statistical supplement, the overall forex reserv...

Readmore

US dollar ends higher on improved consumer sentiment

US dollar ends higher on improved consumer sentiment

New York: The US dollar inched up in late trading on Friday as US consumers' sentiment in February improved while the gross domestic product (GDP) in euro zone grew slower in the final quarter of 2019.In late New York trading, the euro decreased to $1.0839 from $1.0842 in the previous session, and t...

Readmore