Latest Updates Around The World
The Indian rupee was little changed on Wednesday as generally softer dollar and greenback selling from foreign banks gave the currency some breathing space north of the psychologically important 91 per dollar mark. The rupee was at 90.92 per dollar at 10:30 am IST, slightly above Tuesday’s close of 90.95. A series of contract maturities […]
The International Monetary Fund’s upcoming review of U.S. economic policy is drawing attention across global markets, especially on Wall Street, where investors are closely watching signals on fiscal sustainability, trade imbalances and the trajectory of the U.S. dollar.The IMF will release its first annual assessment of US policy under Donald Trump’s administration on February 25, […]
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 […]
Emerging markets are poised for a long-term upward trend following their underperformance against the US, said Arvind Sachdeva, chief market strategist at 13D Research & Strategy, an independent institutional global research firm. In an interview with Nishanth Vasudevan, Colorado-based Sachdeva, during his recent visit to Mumbai, said India may underperform for now while China, Brazil, […]
The rupee devalued by 6 paise to 90.62 against the US dollar in early trade on Wednesday as geopolitical tensions and demand for the dollar from importers weighed on investor sentiment. At the interbank forex market, the rupee opened at 90.56 against the US dollar but subsequently lost some ground to settle at 90.62, posting […]
Gold will replace the US dollar as a central bank reserve, ending its hegemony and leading to a dollar crash against fiat currencies, Peter Schiff, chief economist and global strategist at Euro Pacific Asset Management, warned, urging investors to prepare for a “historic collapse”.“The reign of the King Dollar is coming to an end. Gold […]
Market movements throughout the week were largely driven by macroeconomic developments and changing global signals. On the domestic side, the rupee slid to a new low of 90.56 against the US dollar, weighing heavily on risk sentiment. However, some respite came after the US Federal Reserve announced a 25 basis point rate cut, while optimism […]
Gold and silver prices opened lower on Monday as a strong dollar weighed on sentiment. Gold futures prices for December at MCX opened at Rs 1,22,882/10 gram, lower by Rs 1,309 or 1.05%, while silver December contracts traded lower by Rs 850 or 0.55% at Rs 1,53,300/kg.Internationally, gold prices also fell on Monday, pressured by […]
The Indian rupee fell to its lowest level in two weeks on Thursday as the outflows compounded the blow of an hawkish stance in Federal Reserve policy that pushed dollar and U.S. Treasury yields higher. The rupee closed at 88.6950 against the US dollar, down 0.6% on the day after hitting a two-week low of […]
Billionaire investor Ray Dalio warned on microblogging site “History and logic have made it clear that sanctions reduce demand for fiat currencies and the debt denominated in them and support gold,” Dalio said, pointing to previous episodes in which economic warfare reshaped global monetary dynamics. Dalio’s comments follow Washington imposing new sanctions on Russia’s two […]
