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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
1 min read
India, UAE in talks for rupee-dirham denominated bilateral trade
India and UAE are in talks for a Rupee-Dirham-denominated bilateral trade.
ANI
2 mins read
Russia doesn't know what to do with the $1 billion in rupees it is amassing in India each month
Russia cannot even send the rupees back home either because India has restrictions over capital flo…
Huileng Tan
2 mins read
Coronavirus scare leaves domestic markets in doldrums; equity investors turn poorer by Rs 11 lakh cr
As part of its efforts to sooth the forext market, the RBI will undertake 6-month US Dollar sell/b…
PTI
1 min read
Exclusive: Paytm founder-CEO Vijay Shekhar Sharma talks about his plans to go global
The company will soon launch cards with QR codes to enable users to make financial transactions, an…
1 min read
RBI wants to extend forex trading timings to bring more global players
The Reserve Bank of India (RBI) is proposing to increase timings for forex trade to bring in more…
2 mins read
Rupee may depreciate to 77 against dollar in next few sessions
The foreign portfolio investors (FPIs) will hold a clue because if they keep selling and the marke…
PTI
1 min read
Rupee, bond yield ends almost flat ahead of the long weekend
At the interbank foreign exchange market, the rupee ended at 79.66 against the US dollar, as aga…
1 min read
PayPal and Cashfree join hands to enable international payments across 200 markets
Payments and banking technology firm Cashfree on Tuesday announced a partnership with digital payme…
1 min read
Moscow Exchange says it will stop accepting US dollars as collateral amid Russia's move away from 'toxic' currencies
Russia has been diversifying from Western currencies such as the US dollar and the euro, which are …
Huileng Tan
4 mins read
India's Economy Is In Its Tightest Spot Since 1991. Now, As Then, The Answer Is To Be Bold
There are glimmers of hope: exports picked up in July, narrowing the trade gap. But India faces a d…
The Economist
2 mins read
RBI to sell dollars worth USD 2 bn on Monday to sooth forex market
As part of its efforts to sooth the forext market, the RBI will undertake 6-month US Dollar sell/bu…
PTI
2 mins read
Cryptocurrencies akin to 'a world of Caribbean pirates' in absence of regulation, says CEA
Chief economic adviser V Anantha Nageswaran on Thursday said cryptocurrencies are akin to 'a world …
PTI
3 mins read
Emerging market currencies got trounced in 2015 - and HSBC thinks now is the time to buy
This means now is the time to look at long EM versus the dollar for a trade. The firm likes carry c…
Jonathan Garber
2 mins read
A money manager sent us his top chart for 2016 - and it could be a cue for 'thunder'
The other market mover this morning was a higher USD/CNY fix (6.4895) and a jump in USD/CNH to 6.6.…