Latest Updates Around The World
China’s central bank has stepped in to tame the yuan’s rapid rise, announcing it will eliminate currency reserve requirements for certain futures contracts, a move seen as boosting dollar buying and cooling the currency’s recent rise.The decision follows a sharp rally in the yuan, which rose to a nearly three-year high against the U.S. dollar […]
The rupee rose 5 paise to 90.67 (provisional) against the US dollar on Wednesday, driven by foreign fund inflows and positive domestic equity markets. However, higher global crude prices and a strengthening dollar blocked sharp gains in the local unit, forex traders said. At the interbank forex market, the rupee opened at 90.60 against the […]
Russia’s ruble has surpassed all major currencies against the dollar this year, a rally that has caught policymakers off guard and threatens to undermine the country’s wartime economy.The ruble has appreciated 45% since the start of the year and is trading at almost 78 per dollar, within easy reach of levels before Russia’s massive invasion […]
