Currencies

With around 180 currencies in use worldwide, it’s a difficult task to keep an eye on them all, especially when exchange rates cause constant fluctuations in how they perform. There is a huge range of factors which can push a currency up, or down, the global rankings, including low inflation, interest rates and exports.But what are the strongest currencies in the world? According to smartasset, a currency is classified as strong when it is worth more than another’s. In a country with a stronger currency, it would mean it would...

With around 180 currencies in use worldwide, it’s a difficult task to keep an eye on them all, especially when exchange rates cause constant fluctuations in how they perform. There is a huge range of factors which can push a currency up, or down, the global rankings, including low inflation, interest rates and exports.But what are the strongest currencies in the world? According to smartasset, a currency is classified as strong when it is worth more than another’s. In a country with a stronger currency, it would mean it would...

The RBI is known for intervening in the forex market to manage the liquidity of the Rupee. The central bank’s intervention typically includes selling dollars to prevent a sharp depreciation of the Rupee and buying dollars when the Rupee is strong. India’s foreign exchange reserves rose by a substantial USD 6.6 billion in the week ending on March 28, reaching USD 665.396 billion, according to the latest data released by the Reserve Bank of India (RBI). This marks the fourth consecutive week of gains, following a period of decline. The...

According to RBI data, forex reserves have increased cumulatively by $20.1 billion over the past three weeks and by about $6.6 billion in the latest reporting week In a significant development, India's foreign exchange reserves rose from $6.596 billion to $665.396 billion in the week that ended on March 28, extending gains for the fourth straight week, official data released by RBI showed.This significant jump is the highest in nearly five months, after witnessing a period of downturn.According to RBI data, forex reserves have increased cumulatively by $20.1 billion over...

Iran’s rial currency traded on Saturday at a record low against the US dollar as the country returned to work after a long holiday, costing over 1 million rials for a single greenback as tensions between Tehran and Washington likely will push it even lower.The exchange rate had plunged to over 1 million rials during the Persian New Year, Nowruz, as currency shops closed and only informal trading took place on the streets, creating additional pressure on the market. But as traders resumed work Saturday, the rate fell even further...

Iran’s rial currency traded Saturday at a record low against the U.S. dollar as the country returned to work after a long holiday, costing over 1 million rials for a single greenback as tensions between Tehran and Washington likely will push it even lower. The exchange rate had plunged to over 1 million rials during the Persian New Year, Nowruz, as currency shops closed and only informal trading took place on the streets, creating additional pressure on the market. But as traders resumed work Saturday, the rate fell even further to 1,043,000...

Pithoragarh, Apr 5 (PTI) Four men were arrested near the India-Nepal border on Saturday and counterfeit currency with a face value of Rs 29,000 was recovered from them, police said on Saturday. Counterfeit currency notes of 500 denomination with a face value of Rs 29,000 were recovered from them, Pithoragarh SP Rekha Yadav said. Samir Rehman (28), Asif (21), Nitin (35), and Shoaib (28) were arrested by a police petrol party when their car was found parked suspiciously close to the India-Nepal border, she said. Show Full Article They have...

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BENGALURU: Equities in Vietnam and Thailand plunged even further on Friday as investors fled from risky assets, after US President Donald Trump’s unexpectedly severe tariffs fuelled fears of a global recession. Thailand’s benchmark stock index slumped 2.8% to its lowest level in more than five years, bringing its year-to-date losses to about 19.4%. Vietnam stocks tanked as much as 5.8% to their lowest level in 15 months, extending their slide after Thursday’s near 7% drop. The selling in Vietnamese shares was fairly uniform across-the-board, indicating that investors would need more...

Underlining that BIMSTEC is a model for inclusive development and collective security and not merely a regional organisation, Prime Minister Narendra Modi Friday announced more than 20 initiatives — from the mechanism of Home Ministers on security to UPI connecting payment mechanisms, an energy centre to a chamber of commerce.Speaking at the 6th BIMSTEC Summit in Bangkok, Modi said, “BIMSTEC serves as a vital bridge between South and Southeast Asia, and is emerging as a powerful platform for advancing regional connectivity, cooperation and shared prosperity.” “It is a matter of great...