Currencies

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...

You’re curious about the proposed Doge Stimulus Checks? Advocacy groups suggest giving $5,000 in dogecoin per American to boost economic activity, benefiting from low transaction fees and quick processing. Yet, the cryptocurrency’s volatility and regulatory hurdles cast doubt on implementation feasibility. Historical price swings and public skepticism pose further challenges. As digital currencies’ role in financial policies evolves, understanding the potential, complexities, and implications becomes essential for future considerations. Discover more insights ahead.Understanding the Dogecoin PhenomenonSince its inception as a joke in 2013, Dogecoin has evolved into a significant player in...

Muzaffarnagar, Jun 30 (PTI) Uttar Pradesh Police has busted a gang involved in the supply of fake currency notes in this district and seized counterfeit notes worth Rs 15.16 lakh from a vehicle, officials on Monday said. Senior Superintendent of Police (SSP) Sanjay Kumar said that fake currency notes in the denominations of Rs 500, Rs 200 and Rs 100 were recovered during the operation in Phugana Police Station area of Muzaffarnagar district. A case has been registered under relevant sections of the Bharatiya Nyaya Sanhita (BNS) against three accused,...

At the Mint Horizons session in Pune, experts urged Indian investors to move beyond home-market bias and adopt a more globally diversified approach. The event gathered voices from journalism, asset management, and fintech to make a clear case for international investing—even as regulatory caps and practical barriers remain.The Mint Horizons series, which has covered Mumbai, Delhi, and Bengaluru, aims to help investors navigate the realities of today's interconnected markets, where geopolitical shifts, interest rate changes, and technological trends can reshape returns. Watch the highlights below,The case for global allocationNeil Borate,...

The US dollar will continue to exist in the global trade, said the official | Photo Credit: SUKREE SUKPLANG BRICS nations will work on increasing their understanding of the importance of having an alternative mechanism to do trade in national currencies to protect against geopolitical vulnerabilities, but the process is not the same as de-dollarisation, a senior MEA official has said “The dollar (US) will continue to exist in the global trade. It’s the most dominant currency. I don’t think there’s a competition there. It’s just that countries will look for...

A monetary surprise in the first half of the year, the Russian Ruble (RUB) has established itself as one of the world's best-performing currencies. A performance that may seem paradoxical for an economy under Western sanctions, deeply entangled in Vladimir Putin’s war in Ukraine and penalized by falling Oil exports.Behind this solid performance of the Ruble lies a more nuanced economic reality, one that may even give cause for concern in the medium term.A spectacular leap for the Russian RoubleThe Russian Ruble has soared in the first half of 2025,...

EUR/USD fluctuates in a narrow channel above 1.1700 on Monday.The near-term technical picture suggests that the bullish bias remains unchanged.Comments from central bankers could trigger the next big action in the pair.EUR/USD seems to have entered a consolidation phase above 1.1700 on Monday following the previous week's impressive rally. Euro PRICE This month The table below shows the percentage change of Euro (EUR) against listed major currencies this month. Euro was the strongest against the Japanese Yen. USD EUR GBP JPY CAD AUD NZD CHF USD -2.95% -1.39% 0.13% -0.98%...