Currencies

The Middle East is home to many fascinating countries that attract tourists in their millions. Last year, a whopping 95 million visitors descended on the region, seeking new horizons and experiences.Saudi Arabia was the most popular Middle Eastern destination in 2024, followed by Egypt and the United Arab Emirates. One tiny country in the region is continuing to see a growth in visitor numbers, as it looks to expand its tourism sector. Kuwait is situated in the northern edge of the Arabian Peninsula at the head of the Persian Gulf.The country...

More on: Asia Program Asia Tariffs On U.S. President Donald Trump’s much-touted April 2nd “Liberation Day,” he unveiled a range of potentially debilitating reciprocal tariffs on the United States’ major trading partners—and most other countries as well. Surprisingly, some of the countries hit with the highest tariffs were U.S. partners in Asia and the Pacific, like Vietnam, South Korea, and Japan. Trump even imposed tariffs on Australia, a critical security ally, despite the fact that the United States has a trade surplus with Australia. Trump paused, for 90 days, many...

Mumbai: India's foreign exchange reserves rose for the eighth straight week to touch $688.13 billion as of April 25, according to the latest RBI data released on Friday. The foreign exchange kitty surged by $1.98 billion during the week. The foreign currency component of the reserves increased by $2.17 billion to $580.66 billion. The gold reserves component of the forex reserves decreased by $207 million to $84.37 billion while Special Drawing Rights (SDR) went up by $21 million to $18.59 billion. The declining trend in forex reserves of earlier months...

The New Taiwan dollar and Taiwanese stocks surged on signs that trade tensions between the world’s top two economies might start easing and as US tech earnings boosted the outlook of the nation’s semiconductor exports.The NT dollar strengthened as much as 3.8 percent versus the US dollar to 30.815, the biggest intraday gain since January 2011, closing at NT$31.064. The benchmark TAIEX jumped 2.73 percent to outperform the region’s equity gauges.Outlook for global trade improved after China said it is assessing possible trade talks with the US, providing a boost...

India's forex reserves increased $1.983 billion to $688.129 billion during the week ended April 25, the RBI said on Friday.This is the eighth consecutive week of a rise in the kitty, which had jumped $8.31 billion to $686.145 in the previous reporting week. The forex reserves had touched an all-time high of $704.885 billion in end-September 2024. For the week ended April 25, foreign currency assets, a major component of the reserves, increased $2.168 billion to $580.663 billion, the data released on Friday showed.Expressed in dollar terms, the foreign currency...

In fact, even without the damage inflicted recently by Mr. Trump’s policies, it’s possible that the dollar would be declining anyway, if only because it had reached historically elevated levels. Consider this performance:In 2024, the dollar rose more than 7 percent, measured by the Dollar Index, and 9 percent, using the Nominal Broad U.S. Dollar Index.Taking inflation into account by using the Fed’s Real Broad Trade-Weighted Index, the dollar rose almost 23 percent over the 20 years through March.Late last year, using this broad, inflation-adjusted index, the dollar was stronger...

MUMBAI: India’s foreign exchange reserves rose for an eighth consecutive week and stood at an over six-month high of $688.13 billion as of April 25, according to data released by the central bank on Friday. The reserves rose by $1.98 billion in the reported week, after increasing by a cumulative $47.5 billion in the prior seven weeks. India’s FX reserves are now about $17 billion away from the record high of $704.89 billion hit in late September. Changes in foreign currency assets are caused by the central bank’s intervention in...

India's forex reserves climbed USD 1.983 billion to USD 688.129 billion in the week ended April 25, marking the eighth consecutive weekly rise. The increase was driven by a jump in foreign currency assets.Mumbai, May 2 (PTI) India's forex reserves increased USD 1.983 billion to USD 688.129 billion during the week ended April 25, the RBI said on Friday.This is the eighth consecutive week of a rise in the kitty, which had jumped 8.31 billion to USD 686.145 in the previous reporting week. The forex reserves had touched an all-time...

Rupee on Friday climbed to a seven-month high, briefly breaching the 84-per-dollar mark, buoyed by sustained foreign fund inflows and strong domestic economic indicators. However, it failed to hold onto the gains and ended the day just 1 paisa stronger at 84.53 against the US dollar. In a session marked by volatility, the rupee touched an intra-day high of 83.76 — its strongest level since October 2024 — before slipping back. It opened at 83.98 and moved in a range of 83.76 to 84.55 through the day. Traders attributed the...

Cryptocurrency prices are poised to extend gains following a bullish end to April. The recovery witnessed in the broader market reflects growing interest among retail investors, with select top 200 altcoins, such as ImmutableX (IMX), Morpho, and Turbo, flying the bullish flag high, with the highest gains over the past 24 hours.  Ethereum price has been consolidating between $1,700 and $1,861 since last week. At the time of writing on Friday, it is nearing its upper consolidating boundary at $1,861. If ETH breaks and closes above the daily resistance at $1,861,...