You Searched For "reserve currency" and got 20 results
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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
2 mins read
India's digital public infrastructure is transforming country's economic landscape, notes RBI
Built on principles of public good, open access, and regulatory fairness, India Stack has become a …
ANI
1 min read
Rupee recovers from all-time low, rises 9 paise to 83.69/USD in early trade
At the interbank foreign exchange market, the local unit opened at 83.72 against the American curre…
PTI
3 mins read
Gold prices drop by Rs 5,000/10gm post Budget; bring cheers to retail investors
After the duty cut, the yellow metal has declined Rs 5,000 per 10 grams or 7.1% in the past three s…
PTI
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
Rupee trades in narrow range against US dollar in early trade
At the interbank foreign exchange market, the local unit moved in a narrow range. It opened at …
PTI
1 min read
Forex reserves jump $4.84 bn to new all-time high of $651.5 bn
The previous high for the kitty a crucial guard against any disturbances in the external sect…
PTI
2 mins read
Gold rallies Rs 550; silver jumps Rs 400 amid strong global cues
Gold prices rallied by Rs 550 to Rs 75,700 per 10 grams in the local market on Tuesday on the back …
PTI
1 min read
India's forex reserves jump USD 5.08 bn to USD 595.40 bn
India's forex reserves increased by USD 5.077 billion to USD 595.397 billion during the week ended …
PTI
1 min read
Rupee trades flat 83.49 against US dollar in early session
Powell's testimony offered little new guidance on the US central bank's plans for when it mig…
PTI
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
Rupee sees range-bound trade against US dollar in morning deals
At the interbank foreign exchange market, the local unit opened at 83.52 and gained further to …
PTI
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
1 min read
Rupee declines 5 paise to 83.43 against US dollar in early trade
At the interbank foreign exchange, the domestic unit opened weak at 83.39 against the greenback and…
PTI
2 mins read
India's foreign exchange reserves rose by USD 2.6 billion in the week ending May 10: RBI
The country's foreign exchange reserves had hit an all-time high of USD 648.562 billion recently. A…
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…
Huileng Tan
2 mins read
Rupee opens on flat note against US dollar in early trade
Market participants will keenly watch India's trade balance data due later in the day as any de…
PTI
2 mins read
Rupee falls 6 paise to 83.54 against US dollar in early trade
At the interbank foreign exchange market, the local unit opened at 83.52 and lost further groun…
PTI
2 mins read
There's a 'stealth erosion' in global US dollar reserves, but there's no dominant replacement yet
The share of the US dollar in global forex reserves fell from over 70% in 2000 to about 55% in the …
Huileng Tan
2 mins read
Rupee rises 1 paisa to 83.43 against US dollar in early trade
The rupee inched up 1 paisa to 83.43 against the US dollar in early trade on Thursday on the back o…