Currencies

Most equities extended a global rally on Wednesday (Jun 25) after Iran and Israel agreed to a ceasefire that ended more than a week of hostilities, while the US dollar struggled to recover from a sharp drop stoked by bets on a US interest rate cut.However, wariness over the agreement by the Middle East foes helped oil prices climb, though they are still well down from their highs on Monday. Investors around the world breathed a sigh of relief after US President Donald Trump announced the ceasefire days after US forces...

Asian stock markets found a degree of stability on Wednesday, with most regional indices trading steady to slightly higher. A fragile ceasefire between Israel and Iran, announced by US President Donald Trump, appeared to buoy investor sentiment, even as the situation in the Middle East remains tense. This cautious optimism, coupled with lower oil prices, is expected to provide a positive start for Indian benchmarks like the Sensex.A shaky truce between Israel and Iran has, for now, held, offering a respite from the acute geopolitical fears that had previously rattled...

Uttar Pradesh, Tamil Nadu and Maharashtra were the top three states which saw maximum cash movement through their currency chests in May, reflecting the demand for both credit and deposits in the states with the biggest populations and subnational economies, respectively. Latest central bank data also showed that five states accounted for around 40% of the Rs 2.97 lakh crore worth of cash deposited and Rs 3.29 lakh crore withdrawn through the currency chest in the respective states. AgenciesWhile the digital payments ecosystem in India has taken off, the demand...

Cryptocurrency, like bitcoin, has evolved from a niche payment system in 2009 to a popular investment option today.Bitcoin and other cryptocurrencies are digital currencies bought and sold without traditional banks. “Crypto, and bitcoin in particular, was really started as a payment system that was intended for people just to go shopping with,” said David Yermack, a finance professor at NYU Stern School of Business. “It has morphed into an investment.” Bitcoin can be purchased through cryptocurrency exchanges, stockbrokers, ATMs, exchange-traded funds, money transfer apps and wallet software. It can also...

Indian Rupee to Euro INR EUR 1 INR 0.009982 EUR 5 INR 0.04991 EUR 10 INR 0.09982 EUR 25 INR 0.24955 EUR 50 INR 0.4991 EUR 100 INR 0.9982 EUR 500 INR 4.991 EUR 1,000 INR 9.982 EUR 5,000 INR 49.91 EUR 10,000 INR 99.82 EUR 50,000 INR 499.1 EUR Euro to Indian Rupee EUR INR 1 EUR 100.180324584 INR 5 EUR 500.901622921 INR 10 EUR 1,001.803245843 INR 25 EUR 2,504.508114606 INR 50 EUR 5,009.016229213 INR 100 EUR 10,018.032458425 INR 500 EUR 50,090.162292126 INR 1,000 EUR 100,180.324584252 INR 5,000 EUR...

Mastercard (MA) is doubling down on stablecoins with a series of partnerships and product expansions aimed at embedding regulated digital dollars into the everyday payments network.The payments giant said on Tuesday it will integrate several stablecoins including PayPal’s PYUSD, the Paxos-led Global Dollar (USDG) and Fiserv’s recently unveiled FIUSD into its global network, which already includes support for Circle’s USDC. It is also introducing stablecoin transactions for cross-border payments through Mastercard Move.The company also said it's also working with financial technology provider Fiserv (FI) to bring FIUSD support to its...

​​​​ST. PETERSBURGThe US dollar’s monopoly will slowly end as Washington is using it for political purposes, Andrey Kostin, CEO of the Russian VTB Bank, said in a recent statement.Kostin told Anadolu at the St. Petersburg International Economic Forum that sanctions imposed on Russia are illegitimate and the country is used to the treatment by the international community.“Sanctions are certainly bad, but we have to work regardless,” he said. Kostin stated that there has been a pause in sanctions on Russia during US President Donald Trump’s second term in office but...

American currency Dollar and Gold ingot combinations. Close up for dollar and gold ingotgetty The U.S. Dollar Index, when measured against a basket of other major currencies, has declined by approximately 10% this year through mid-June and is currently trading at its lowest level in three years. That’s no small dip, and there may be additional downside risk due to concerns over America’s growing deficit and the ongoing fluctuations in tariffs. U.S. dollar's value has sunk approximately 10% so far this yearU.S. Global Investors In a note to clients last...

American currency Dollar and Gold ingot combinations. Close up for dollar and gold ingotgetty The U.S. Dollar Index, when measured against a basket of other major currencies, has declined by approximately 10% this year through mid-June and is currently trading at its lowest level in three years. That’s no small dip, and there may be additional downside risk due to concerns over America’s growing deficit and the ongoing fluctuations in tariffs. U.S. dollar's value has sunk approximately 10% so far this yearU.S. Global Investors In a note to clients last...