Currencies

What Is a Conservatorship? What Does Cash-on-Cash Return Mean? What Is a Correlation Coefficient? What Is a Confidence Interval? What Is a Chief Technology Officer (CTO)? What Is Cost Per Thousand (CPM)? What Is a Chartered Financial Analyst (CFA)? What Is the CBOE Volatility Index (VIX)? What Is a Chief Operating Officer (COO)? What Is a Cup and Handle Pattern? What Are Consumer-Packaged Goods (CPGs)? What Is a Consumer Price Index (CPI)? What Is the Cost of Debt? What Is a Custodial Account? What Does Classification Mean in Machine Learning?...

What Is a Conservatorship? What Does Cash-on-Cash Return Mean? What Is a Correlation Coefficient? What Is a Confidence Interval? What Is a Chief Technology Officer (CTO)? What Is Cost Per Thousand (CPM)? What Is a Chartered Financial Analyst (CFA)? What Is the CBOE Volatility Index (VIX)? What Is a Chief Operating Officer (COO)? What Is a Cup and Handle Pattern? What Are Consumer-Packaged Goods (CPGs)? What Is a Consumer Price Index (CPI)? What Is the Cost of Debt? What Is a Custodial Account? What Does Classification Mean in Machine Learning?...

Bulgarian nationalists protest government plans to adopt the euro currency (Photo: AP) Thousands of flag-waving Bulgarians took to the streets of the capital, Sofia, and other major cities on Saturday to protest government plans to adopt the euro and to demand a referendum on the new currency. The protesters, led by civic groups and nationalist parties, sang patriotic songs and shouted slogans like "Freedom for the Bulgarian lev" and "The future belongs to sovereign states." The anti-euro rally came four days before the Balkan country is expected to receive green...

Union Finance Minister Nirmala Sitharaman announced on Saturday that the government's priority is to ensure currency circulation favors lower denominations while enhancing public awareness about digital transactions. Addressing concerns about the Rs 500 note, she reassured that efforts are underway to prioritize lower denominations as the Rs 2000 note is mostly withdrawn from circulation.Speaking at the 'National Commemorative Seminar on 60 Years of Pt Deendayal Upadhyaya Integral Humanism Lectures' in the capital, Sitharaman stressed the need for greater digital literacy to underscore the benefits of cashless transactions. In recent...

Union Finance Minister Nirmala Sitharaman announced on Saturday that the government's priority is to ensure currency circulation favors lower denominations while enhancing public awareness about digital transactions. Addressing concerns about the Rs 500 note, she reassured that efforts are underway to prioritize lower denominations as the Rs 2000 note is mostly withdrawn from circulation.Speaking at the 'National Commemorative Seminar on 60 Years of Pt Deendayal Upadhyaya Integral Humanism Lectures' in the capital, Sitharaman stressed the need for greater digital literacy to underscore the benefits of cashless transactions. In recent...

New Delhi , : The Indian bond market is showing signs of strength, driven by easing inflation and expectations of more interest rate cuts from the Reserve Bank of India , says a report by Jefferies. The report highlighted that this environment is creating an attractive setup for domestic bonds, particularly for long-term investors in a shifting global landscape. Consumer price inflation in India has been declining steadily. Over the last fiscal year, it averaged 4.6 per cent, and in April 2025, it fell to just 3.2 per cent, the...

After appreciating towards 83.94/$1 levels in April, the combined impact of tariff uncertainties, border tensions and expectations of further monetary easing by the central bank made the rupee the worst performing currency in Asia in May. The rupee weakened 1.27% in May, from 84.48/$1 at the beginning of the month to 85.57/$1 as of May 30, and retreated the most in Asia. Agencies“There have been unwinding of long rupee positions amid tariff uncertainties while importers are taking advantage of lower forward premiums,” said Kunal Sodhani, head of treasury at Shinhan...

MUMBAI: The Indian rupee declined by about 1% in May, reversing course after gaining in the previous two months, influenced by factors such as continued uncertainty over U.S. trade policies, gains in its Asian peers and a conflict between India and Pakistan. The rupee closed at 85.5775 on Friday, capping a day of choppy trading with a mild decline. The currency had rallied to a six-month high earlier in May but shed its gains through the month. Initially, a military conflict between India and Pakistan hurt the currency but it...

In fact, UPI is not the only form of digital payment. There are other ways as well. As the RBI annual report points out: “During 2024-25, total digital payments recorded growth of 34.8 per cent and 17.9 per cent in volume and value terms, respectively.”5) Now, more digital payments happening should automatically imply people using lesser cash as a result and hence, lead to lesser cash in the system. There is no denying that that has happened, but only to some extent.As mentioned earlier, the value of UPI transactions in...

India’s forex reserves jumped by $6.992 billion to $692.721 billion during the week ended May 23, the RBI said on Friday, May 30.In the previous reporting week ended May 16, the overall reserves had dropped by $4.888 billion to $685.729 billion. The forex reserves had touched an all-time high of $704.885 billion in end-September 2024. For the week ended May 23, foreign currency assets, a major component of the reserves, increased by $4.516 million to $586.167 billion, the data released on Friday showed. Expressed in dollar terms, the foreign currency...