Currencies

India's external debt rose significantly by 10 per cent, reaching USD 736.3 billion at the close of March 2025, compared to USD 668.8 billion in the previous year, as stated by the Reserve Bank of India (RBI) on Friday.This increase boosted the percentage of external debt to GDP, which now stands at 19.1 per cent, up from 18.5 per cent a year ago. The RBI highlighted a 'valuation effect' driven by the appreciation of the US dollar, adding USD 5.3 billion. Without this effect, external debt would have risen...

India saw a sharp decline in net claims by non-residents during the fourth quarter of FY25, with the figure dropping by $34.2 billion to stand at $330 billion as of March-end, according to data released by the Reserve Bank of India (RBI) on Friday. This decline was driven primarily by a stronger rise in Indian residents’ overseas financial assets, which surged by $60 billion, significantly outpacing the $25.8 billion increase in foreign-owned assets in India. The data is part of India’s International Investment Position (IIP) for the quarter ended March...

Bybit launches limited-time event allowing crypto purchases with 25+ local fiat currencies. Users can buy USDT, BTC, and ETH via credit card with real-time conversion and up to 10 USDT cashback. First-time buyers in new currencies get an extra 5 USDT bonus, stackable with cashback rewards. Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has launched an exclusive limited-time event empowering users to buy crypto with over 25 local fiat currencies — bringing seamless access to digital assets to a broader global audience. With just a few clicks, users...

Bybit launches limited-time event allowing crypto purchases with 25+ local fiat currencies. Users can buy USDT, BTC, and ETH via credit card with real-time conversion and up to 10 USDT cashback. First-time buyers in new currencies get an extra 5 USDT bonus, stackable with cashback rewards. Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has launched an exclusive limited-time event empowering users to buy crypto with over 25 local fiat currencies — bringing seamless access to digital assets to a broader global audience. With just a few clicks, users...

India will need $1.3 trillion in cumulative green, social, sustainability and sustainability debt (GSS) by 2030 as it transitions to decarbonising sectors like cement and steel, a report by Japan's MUFG Bank and London based advocacy group Climate Bonds Initiative said.The report said that by 2030, $756 billion is expected to come from private sources opening up space for both infrastructure-scale and innovative financing models."Decarbonising steel and cement alone will require $650 billion, presenting one of India’s largest opportunities for transition-aligned capital," the report said.Until December 2024, India’s cumulative GSS...

Cryptocurrency in India is growing fast. From college students in tier-2 cities to retirees looking for new investment avenues, the appeal is broad and rising. But while adoption is accelerating, understanding is not – and that is where the danger lies.Recently, a 72-year-old man in East Delhi lost ₹40 lakh in a crypto scam. He was shown fake profits through a sophisticated online dashboard and was lured into repeatedly investing before being shut out entirely. This isn’t an isolated case. Such stories are becoming common across India, and they all...

The USD/CHF exchange rate continued its strong downtrend this week, plunging to the lowest level since 2011. It has dropped in the last five consecutive months, the longest losing streak since September last year. This article explains the top reasons why the pair has crashed this month. US dollar index has crashed  Copy link to section The USD/CHF exchange rate has plummeted due to the ongoing decline in the US dollar index. The index, which tracks the performance of the greenback against other currencies, dropped to a low of $97.30, its...

Solo Leveling characters join the RPG Limited-time events include event currencies and loot Guaranteed summons at a certain mileage After its 6th anniversary festivities, Netmarble has now announced a new crossover event within The Seven Deadly Sins: Grand Cross, welcoming characters from Solo Leveling to the fray. In particular, the RPG will have you summoning fan-fave characters and joining in on collab missions for a limited time, with special rewards up for grabs to boot. In the latest update to The Seven Deadly Sins: Grand Cross, you can look forward...

Hong Kong has announced a new regulatory framework for digital assets, focusing on stablecoins and the tokenization of real-world assets. The plan, known as the “LEAP” framework, was introduced by financial authorities to build a regulated and globally competitive crypto ecosystem. It prioritizes legal clarity, ecosystem expansion, application development, and talent acquisition.As of August 1, all issuers of stablecoins will have to obtain licenses to operate in Hong Kong. Regulation by the Securities and Futures Commission will license the secure custody and dealing of digital assets. Still, other authorities will...