Currencies

Asian equities attracted strong foreign inflows in May as concerns over an immediate economic hit from higher US tariffs eased, prompting a return by investors who had previously exited large and concentrated positions in the region.The inflows marked a sharp reversal after four consecutive months of net foreign selling.According to data from LSEG, foreign investors bought approximately $10.65 billion worth of equities across India, Taiwan, South Korea, Thailand, Indonesia, Vietnam, and the Philippines, registering their largest monthly net purchase since February 2024.US President Donald Trump’s announcement of reciprocal tariffs in...

Asian equities attracted strong foreign inflows in May as concerns over an immediate economic hit from higher US tariffs eased, prompting a return by investors who had previously exited large and concentrated positions in the region.The inflows marked a sharp reversal after four consecutive months of net foreign selling.According to data from LSEG, foreign investors bought approximately $10.65 billion worth of equities across India, Taiwan, South Korea, Thailand, Indonesia, Vietnam, and the Philippines, registering their largest monthly net purchase since February 2024.US President Donald Trump’s announcement of reciprocal tariffs in...

Captain Gopinath’s journey didn’t begin in a plush office or global boardroom. It began in the rugged terrain of the Indian Army, where discipline and tenacity were the currencies of survival. In 2003, India witnessed an aviation upheaval that few could have imagined. With a single symbolic one-rupee ticket, Air Deccan transformed from a risky startup into a household name. Behind this improbable flight path was Captain Gorur Ramaswamy Gopinath, a former Army officer who dared to question the inaccessibility of air travel in a country of over a billion...

Thane, Jun 7 (PTI) Two persons have been arrested with counterfeit currency with a face value of Rs 1.08 lakh in Maharashtra’s Thane district, police said on Saturday. Based on a tip-off, the police apprehended the accused in the Vinay Nagar area of Mira Road on June 2 and seized 26 notes of Rs 500 denomination from them, an official said. He said the accused, Suparna Ramkrishna Manna (24) and Suryadev Gopinath Gayen (20), were natives of West Bengal. Show Full Article “A search at the duo’s residence revealed that...

MUMBAI: The Indian rupee strengthened modestly on Friday as the Reserve Bank of India’s steepest rate cut in five years boosted local equities, helping the South Asian currency eke out a gain even as the dollar firmed against major peers. The rupee closed at 85.6250 against the US dollar, up from its close at 85.79 in the previous session. The rupee declined 0.2% on the week. The Reserve Bank of India (RBI) cut its key repo rate by 50 basis points on Friday and slashed the cash reserve ratio (CRR)...

2025 has been shaping up to be an inflection point where blockchain meets concrete utility, and tokens that facilitate these features are in pole position to make significant bullish moves.  Rexas Finance is pioneering asset tokenization, Chainlink bolsters smart contracts with trusted data, VeChain secures global supply chains, Celo democratizes financial services via mobile, and PAX Gold fuses the stability of bullion with on-chain agility.  By focusing on tokens that solve real-world problems, investors can position themselves for sustainable gains and help shape the next chapter of blockchain adoption. These...

NEW YORK :Wall Street rebounded on Friday and U.S. Treasury yields jumped as a generally upbeat employment report and a bounce-back in Tesla shares helped put the indexes on track for weekly advances.All three major U.S. stock indexes surged from the starting gate with robust gains, while bitcoin jumped and crude prices touched their highest level since late April.The U.S. economy added 139,000 jobs in May, topping analyst expectations, while the unemployment rate held firm at 4.2 per cent, according to the Labor Department. The report also showed hotter-than-anticipated wage...

India's forex kitty enough to fund over 11 months of imports: RBI chiefIANS India's foreign exchange reserves stood at $691.5 billion, as of May 30, and are sufficient to fund more than 11 months of goods imports and about 96 per cent of external debt outstanding, RBI Governor Sanjay Malhotra said on Friday. For the week ended May 30, the reserves dropped by $1.2 billion to break an 8-week rising trend. India's foreign exchange reserves had recorded a robust increase of $6.99 billion to $692.72 billion in the preceding week...

Elior Manier for OANDA The most volatile major currencies in 20252025 has proven to be an unusually volatile year for foreign exchange movements. The Trump administration and ongoing conflicts have led to frequent exchanges between world leaders and policymakers, while record-high tariffs are affecting global trade more significantly than we have seen since the 2000s.Since 2020, the world has seen many disturbances compared to a much more geopolitically stable first part of the millennium. Between COVID-19, new conflicts around the globe, unprecedented central bank policies, and trade wars, there is...

India’s foreign exchange reserves fell by $1.237 billion to $691.485 billion for the week ended May 30, the Reserve Bank of India (RBI) said on Friday, snapping a sharp gain in the previous week.The drop comes after reserves had jumped by $6.992 billion in the preceding week to $692.721 billion. India’s forex reserves had touched a record high of $704.885 billion in late September 2024. Despite the weekly decline, RBI Governor Sanjay Malhotra said earlier in the day that the reserves remain robust and sufficient to cover more than 11...