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March 29, 2023 10:09 AM ISTThe dollar's coming slide will be welcomed by the world
The dollar looks likely to suffer an extended bout of weakness amid doubts about how much higher the Federal Reserve will raise US interest rates as it has second thoughts on the likelihood of a recession
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March 13, 2023 02:46 PM IST Currency in circulation at Rs 31.22 lakh crore as of March 2022
The currency in circulation, which includes bank notes and coins, to GDP ratio stood at 13.7 per cent as on March 25, 2022, up from 11.6 per cent as on March 2014.
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February 24, 2023 06:09 PM IST India's forex reserves drop by $5.68 billion to $561.26 billion
This is the third consecutive week of a drop in the reserves after the USD 8.319 billion decrease in the previous reporting week to USD 566.948 billion. In October 2021, the country’s forex kitty had reached an all-time high of USD 645 billion.
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February 17, 2023 04:13 PM IST Rupee falls 14 paise to close at 82.84 against US dollar
At the interbank foreign exchange market, the rupee opened at 82.77 against the greenback and finally settled for the day at 82.84 (provisional), registering a fall of 14 paise over its previous close of 82.70.
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February 17, 2023 03:00 PM IST Dollar powers to six-week peak on expectations rates will rise
Data on Thursday showed the number of Americans filing new claims for unemployment benefits unexpectedly fell last week, and that monthly producer prices increased by the most in seven months in January.
- February 15, 2023 07:55 PM IST
Dollar gains broadly after strong US retail sales
The dollar rose 0.6 percent against the yen to 133.91 yen.
- February 15, 2023 12:34 PM IST
Strong dollar fuels wave of emerging market currency devaluations
Economists say further economies likely to follow Egypt, Pakistan and Lebanon in letting exchange rates weaken
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February 13, 2023 01:22 PM IST The untold story of the world’s most resilient currency
After Thailand became ground zero in the Asian financial crisis, the baht achieved a long-running stability
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February 03, 2023 12:23 PM IST Share buybacks: welcome payments in a suspect currency
Investors usually see bumper buybacks as supporting stock prices. But they may not be the bullish signal they appear
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January 16, 2023 05:18 PM IST Gold is getting its glitter back
In today’s markets, there aren’t many other things you can turn to as a long-term safe haven
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January 05, 2023 03:49 PM IST Rupee rises alongside Asian peers and on oil price relief
The rupee last traded at 82.5550 to the dollar, up from 82.8025 in the previous session.
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January 04, 2023 10:31 PM IST Egyptian pound sees largest single-day fall since IMF deal
The pound fell from around 24.7 for $1 to just over 26.3 against the dollar, less than two weeks after Egypt and the IMF formally ratified the support package
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January 02, 2023 01:24 PM IST Currency in circulation rises by 83% since demonetisation in 2016
The Supreme Court on Monday upheld the decision of the government on demonetisation.
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January 02, 2023 01:11 PM IST Demonetisation of Rs 500, Rs 1,000 currency notes had to be done through legislation: Justice Nagarathna
Justice Nagarathna, who was the juniormost judge in the Constitution bench also comprising justices S A Nazeer, B R Gavai, A S Bopanna and V Ramasubramanian, said the demonetisation of an entire series of notes at the Centre's instance is a far more serious issue that has wider implications on the economy and the citizens of the country.
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December 28, 2022 03:58 PM IST Rupee recovers mild losses to end flat, forward premiums drop
The rupee ended largely unchanged at 82.8575 per dollar. It fell up to 82.9225 during the session, though moved in a narrow 10-paisa range.
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December 28, 2022 03:40 PM IST Dollar touches one-week high vs yen thanks to rise in bond yields
The dollar rallied by as much as 0.67% to 134.40 in Asian trading, the most since December 20, when the BOJ sent the pair spiralling lower with an unexpected loosening of the 10-year Japanese government bond yield policy band.
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December 21, 2022 10:02 AM IST Japanese life insurance companies could see margin calls following BoJ yield control move, says Devina Mehra of First Global
If the winds favour Japan by way of lower energy prices, the yen could rally further against the dollar and other carry currencies
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December 19, 2022 07:31 AM IST Yen rises on report of Japan govt move for more flexible inflation target
The yen was last 0.6 per cent stronger at 135.91 per dollar, after having touched a high of 135.80 earlier in the session.
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December 05, 2022 08:42 PM IST Rupee falls 52 paise to close at 81.85 against US dollar on forex outflows, firm crude
Forex traders said a weak dollar in the overseas market cushioned the downside for the local unit.
- November 21, 2022 08:36 PM IST
Rupee falls 5 paise to close at 81.79 against US dollar
The domestic unit finally settled at 81.79 against the American currency, registering a fall of 7 paise over its last close.
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November 17, 2022 08:08 PM IST Dollar bounces as U.S. economy sends mixed signals; sterling drops
The greenback has tumbled in recent weeks as inflation data and comments from Federal Reserve officials have suggested that the central bank can soon slow the pace of its punishing interest rate hikes.
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November 17, 2022 04:08 PM IST Rupee falls 37 paise to close at 81.63 against US dollar
Forex traders said the American currency strengthened after strong US retail sales data pointed to resilient consumption adding room for tighter policy by the US Federal Reserve.
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November 11, 2022 12:53 PM IST Commodities LIVE: Rupee at 7-week high vs. USD, where is it headed?
Catch today's commodity chat with Manisha Gupta to know how the surge could impact you!
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October 28, 2022 05:53 PM IST Hard work doesn't pay without God's blessings, 130 crore Indians want pictures of Lakshmi, Ganesh on currency: Arvind Kejriwal
Blessings of the Almighty are necessary for hard work to translate into success, the Aam Aadmi Party leader said. Kejriwal reiterated his demand to print pictures of the two Hindu deities on currency notes at a rally at Morva Hadaf in Panchmahal district of Gujarat where Assembly elections are expected to be announced soon.
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October 27, 2022 05:08 PM IST Kejriwal’s suggestion for deities’ images on banknotes sparks furore
Other parties term move opportunistic, with an eye on garnering the Hindu vote in the forthcoming Gujarat election
