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1 min read
RBI, Bank Indonesia sign pact to promote use of local currencies for bilateral trade
The Reserve Bank of India and Bank Indonesia (BI) on Thursday signed a Memorandum of Understanding …
PTI
2 mins read
G20 to take call on crypto assets, says Nirmala Sitharaman
Amid speculations on regulation or outright banning of crypto assets, Finance Minister Nirmala Sith…
2 mins read
The Fed's lack of innovation with the dollar means China, India, and others will dominate the digital currency race
US policymakers are miscalculating the resources it takes to keep up with rival digital currencies,…
Phil Rosen
2 mins read
The US dollar has become so weaponized that central banks are snapping up politically-neutral gold
Gold is seen as a politically neutral, safe asset, insulated from sanctions. China has doubled down…
Huileng Tan
2 mins read
Sitharaman urges tax officials to prevent doubts from escalating into grievances
Union Finance Minister Nirmala Sitharaman on Friday urged officers of the Central Board of Indirect…
ANI
2 mins read
India’s central bank to establish cloud facility for financial institutions
India’s central bank, the Reserve Bank of India (RBI) is working on a dedicated cloud facility for …
1 min read
India's central bank urges lenders to de-dollarize trade with the UAE using local currencies
The Reserve Bank of India is pushing for non-dollar trade with the United Arab Emirates, sources to…
Filip De Mott
2 mins read
The US dollar is so strong that China's central bank, among others, just keeps loading up on gold
Not just China, but other central banks including Turkey and India are loading up on gold, amid a s…
Huileng Tan
2 mins read
About 93% of global central banks are exploring digital currencies - and that could boost de-dollarization, a report by IMF staff says
Central bank digital currencies "could help de-dollarization or counter "cryptoization"," IMF staff…
Joseph Wilkins
3 mins read
De-dollarization is a fad that will backfire on countries trying to move away from the greenback, currency expert says
Dollar dominance is sticking around for at least the next few decades, one currency expert told Bus…
Jennifer Sor
6 mins read
India’s digital currency to be launched in FY23 to be cost effective, transparent and secure
The central bank digital currency (CBDC) is about to be launched this financial year in FY23, finan…
6 mins read
Some techies are leaving cushy Silicon Valley jobs to launch startups at home in India
Many leave cushy Big Tech salaries because they no longer want to watch the booming entrepreneurshi…
Shubhangi Goel,Charissa Cheong
11 mins read
What is cryptocurrency? What to know about this increasingly popular digital currency before investing
Cryptocurrencies are decentralized, digital currencies that use blockchain technology to manage tra…
Louis DeNicola,Tessa Campbell
1 min read
India's forex kitty rises by $6.40 billion to $642.50 billion
India's forex reserves increased by USD 6.396 billion to USD 642.492 billion for the week ended Mar…
PTI
1 min read
Cryptocurrencies equivalent to gambling: RBI Governor
Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday reiterated that crypto currencies ar…
1 min read
RBI's digital currency platform data may help enforce black money laws
Finance Minister Nirmala Sitharaman had announced in her budget speech in February that the RBI …
2 mins read
In second consecutive week of decline, forex kitty drops $2.28 bn to $640.33 bn
In September 2021, the country's forex kitty had reached a high of USD 642.453 billion, which w…
PTI
2 mins read
Microsoft outage – London Stock Exchange, banks and airlines across the world affected
In what is emerging as one of the biggest tech outages, Microsoft’s services across the world have …
1 min read
India's forex exchange reserves at over two-year high
The foreign exchange kitty rose for a third straight week to hit an over two-year high.
ANI
3 mins read
People in China continue to buy gold even as the currency remains weak!
Record-high gold prices driven by global uncertainties and central bank rate cuts lead to increased…