Currencies

The Indian Rupee strengthens in Tuesday’s Asian session. The Fed’s dovish stance and lower crude oil prices support the INR, but renewed US Dollar demand might cap its upside. Investors brace for India’s HSBC Manufacturing PMI data and Fed’s Powell speech later on Tuesday. The Indian Rupee (INR) edges higher on Monday as the dovish remarks from the US Federal Reserve (Fed) and rising fiscal worries undermine the Greenback. Additionally, a decline in Crude oil prices provides some support to the INR. It’s worth noting that India is the world's third-largest oil consumer, and...

July 1 (Reuters) - The following table shows rates for Asian currencies against the dollar at 0201 GMT. CURRENCIES VS U.S. DOLLAR Currency Latest bid Previous Pct day Move Japan yen 143.800 144.01 +0.15 Sing dlr 1.272 1.2711 -0.04 Taiwan dlr 29.275 29.902 +2.14 Korean won 1354.200 1355.3 +0.08 Baht 32.460 32.47 +0.03 Peso 56.172 56.275 +0.18 Rupiah 16170.000 16230 +0.37 Rupee 85.755 85.755 +0.00 Ringgit 4.185 4.21 +0.60 Yuan 7.160 7.1636 +0.05 Change so far in 2025 Currency Latest bid End 2024 Pct Move Japan yen 143.800 157.180 +9.30...

Circle has applied to launch a national trust bank, the First National Digital Currency Bank, N.A., in the US.The move comes amid JPMorgan's prediction that Circle's stock could hit $80, a 55% drop from its current price.CRCL closed at $181 on Monday, down 39% from its all-time high of $298.Circle (CRCL) closed at $181 on Monday following an announcement that it plans to launch a national trust bank, the First National Digital Currency Bank, N.A. Meanwhile, JPMorgan hinted at a potential 55% plunge to $80 in CRCL's price.Circle files to...

ISTANBUL Oil prices edged up on Monday as investors sought to take advantage of last week's declines, while a weaker US dollar supported demand.International benchmark Brent crude rose by 0.37%, trading at $66.58 per barrel at 10.32 a.m. local time (0732 GMT), up from $66.33 at the previous session's close.Similarly, US benchmark West Texas Intermediate (WTI) increased by about 0.26%, reaching $64.71 per barrel, compared to $64.54 in the prior session.Prices posted their sharpest weekly decline since March 2023 last week as geopolitical tensions in the Middle East eased. However,...

Chennai: The weakening rupee was among the reasons that made foreign currency deposits attractive for NRIs. The net inflow under Foreign Currency Non-Resident (B) Account (FCNR(B)) increased by 11% YoY from $6.4 billion in FY24 to $7.1 billion in FY25. It comes after NRIs pulled out their deposits earlier, turning the category (FCNR(B)) negative during 2020–21 and 2021–22.Data available in RBI's annual reports shows that FCNR (B) recorded a net outflow of -$3.8 billion and -$3.6 billion during two Covid years of 2020–21 and 2021–22, respectively. However, its net inflow...