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2 mins read
China's yuan will take over as Russia's main trade currency 'once and for all' as US sanctions get tighter, think tank says
Ruble volatility will get worse in Russia amid fresh US sanctions, but this offers a way for the Ch…
Filip De Mott
1 min read
Russia is doubling down on its de-dollarization efforts as Putin calls to reduce use of 'toxic' currencies
Russia's use of "toxic" currencies has been slashed in half over the past year, Putin said.
Jennifer Sor
2 mins read
De-dollarization is 'a myth,' and there's no big shift taking place away from the US currency, commodities expert says
Practically no one is phasing out the dollar in trade or in foreign reserves, one leading commoditi…
Jennifer Sor
1 min read
How Argentina's inflation fight made the peso the strongest currency in the world
Javier Milei's measures to tame Argentina's inflation have boosted the peso to the top, rising 25% …
Filip De Mott
2 mins read
Rupee falls 17 paise to close at 83.60 against US dollar
The rupee depreciated 17 paise against the US dollar and settled at 83.60 (provisional) on Wednesda…
PTI
2 mins read
These 5 global currencies have tumbled this year as delayed rate cuts have supercharged the dollar
The US dollar index is trading at a six-month high as hopes of a Fed rate cut fade, and it's come a…
Filip De Mott
1 min read
India's forex reserves jump USD 4.3 billion, hit new all-time high of USD 655.8 billion
India's forex reserves jumped USD 4.307 billion to a new all-time high of USD 655.817 billion for t…
PTI
2 mins read
Rupee opens flat against US dollar in early trade
At the interbank foreign exchange market, the local unit moved in a narrow range. It opened at …
PTI
2 mins read
Markets surge to record highs: Nifty tops 24,050, Sensex nears 79,500; Media-PSU Bank stocks drive gains
Among the sectoral indices on NSE, Nifty Bank, Financial services, FMCG, IT, Media, Metal, Pharma, …
ANI
3 mins read
Stock markets begin week on a cautious note with key indices slipping into red
The BSE Sensex fell by 346.25 points, opening at 76,863.65, reflecting a 0.45 per cent decline. Mea…
ANI
1 min read
RBI to allow opening of rupee account outside India
The RBI said it has finalised a strategic action plan for 2024-25 and envisaged liberalisation …
PTI
2 mins read
How a Saudi pullback from a landmark US deal would be bad news for dollar dominance
The Atlantic Council is speculated what could happen to the dollar if a long-standing accord with S…
Filip De Mott
1 min read
China's yuan is tumbling amid US sanctions and as central banks boost dollar holdings
China's yuan fell to its lowest value against the ruble in a year as holders eye the impact of sanc…
Jennifer Sor
1 min read
Russia shuts down dollar and euro trading after sweeping US sanctions take aim at Moscow's financial lifelines
Russians were lining up at one lender that was still offering dollars after trade was restricted fo…
Filip De Mott
2 mins read
Vladimir Putin takes aim at the US dollar's dominant position as the world's reserve currency
"To use the dollar as a tool of foreign policy struggle is one of the biggest strategic mistakes ma…
Matthew Fox
2 mins read
What the US can do to halt de-dollarization, according to one think tank expert
Although de-dollarization is a distant threat, the US has options to keep the movement from growing…
Filip De Mott
1 min read
Rupee opens on flat note against US dollar in early trade; Underperformance partly due to election worries
The rupee opened on a flat note against the US dollar in early trade on Friday, weighed down by a n…
PTI
2 mins read
The biggest threat to the dollar isn't other countries but America's own dysfunction, think tank experts say
Although some foreign economies are trying to de-dollarize, US domestic instability is the real thr…
Filip De Mott
1 min read
India's forex reserves jump by USD 3.66 bn to USD 641.59 bn: RBI
For the week ended April 5, the reserves had hit an all-time high of USD 648.562 billion, follow…
PTI
2 mins read
De-dollarized payment systems are cropping up. Here's why they're unlikely to dent greenback dominance.
"The emergence of the technological capacity to drive de-dollarisation does not necessarily mean de…