Currencies

Indian Rupee gains ground in Monday’s early European session. Rising foreign inflows and lower crude oil prices support the INR. Concerns over geopolitical tensions between India and Pakistan might cap the Indian Rupee’s upside. The Indian Rupee (INR) gathers strength on Monday. Foreign Portfolio Investors (FPIs) continue to buy Indian equities for the seventh consecutive day. This, in turn, could boost the local currency against the Greenback in the near term. Furthermore, the decline in Crude oil prices contribute to the INR’s upside, as India is the third largest consumer of crude oil...

President Trump’s shake-up of the global trade system has sent tremors through the long-held view that the United States is the source of the world’s safest financial assets. That’s created an opportunity for Europe.The market tumult in which investors simultaneously sold off the U.S. dollar, American stocks and U.S. Treasury bonds eased last week as Mr. Trump backed off his threats to fire the Federal Reserve chair, Jerome H. Powell, and Treasury Secretary Scott Bessent tried to reassure foreign officials that trade deals would be struck.But many European officials attending...

Indian Rupee steadies in Monday’s Asian session. Concerns over geopolitical tensions between India and Pakistan weigh on the Indian Rupee. Rising foreign inflows and lower crude oil prices might help limit the INR’s losses. The Indian Rupee (INR) flat lines on Monday. Rising tension with Pakistan could trigger a risk-off sentiment among traders, which might drag the Indian currency lower. The ceasefire violation along the Line of Control (LoC) came days after the Pahalgam terror attack, which killed 26 people, mostly tourists, in the Baisaran valley near Pahalgam, Jammu and Kashmir. On the other...

April 28 (Reuters) - The following table shows rates for Asian currencies against the U.S. dollar as of 0239 GMT. CURRENCIES VS U.S. DOLLAR Currency Latest bid Previous Pct day Move Japan yen 143.790 143.67 -0.08 Sing dlr 1.316 1.3151 -0.05 Taiwan dlr 32.501 32.526 +0.08 Korean won 1439.900 1439.8 -0.01 Baht 33.685 33.53 -0.46 Peso 56.282 56.18 -0.18 Rupiah 16850.000 16825 -0.15 Rupee 85.450 85.45 +0.00 Ringgit 4.375 4.37 -0.11 Yuan 7.297 7.2862 -0.15 Change so far in 2025 Currency Latest bid End 2024 Pct Move Japan yen 143.790...

Listen to this article Heavy is the head that wears the crown. After eighty years at the centre of the global monetary system, the United States is rebelling against its own ‘exorbitant privilege’, as former French president Valery Giscard d’Estaing famously put it. Printing the reserve currency means that the United States can effectively run trade deficits forever. But from another point of view, it also means that it is obliged to do so, since the world demand for dollars exceeds what an economy of its size would ordinarily supply...

Edward Lotterman President Donald Trump has backed off from his threats against Fed Chair Jerome Powell. He has softened his tone on trade with China, alternately suggesting he would be “flexible” and “very nice” and yet also repeating threats. China has not yet budged from its harsh first responses. All this appears to be a reaction to changes in financial markets. Prices of stocks and bonds, along with long-term interest rates, have oscillated up and down in response to the daily verbal sallies from the White House. Prices of major...

Listen to this article Recent events in Washington have renewed long-standing questions about the future of the international monetary system. The Trump administration has sent conflicting signals about its preferences and intentions about the dollar, with some US officials having written or spoken of the advantages of a significantly weaker dollar exchange rate and an exorbitant burden on the US economy from the dollar’s reserve-currency role. At the same time, US President Donald Trump has threatened to impose more tariffs on countries whose governments actively seek to encourage and create...

Everybody knows the importance of Social Security, regular 401(k) contributions, and good health to achieving a secure retirement. Less clear is the role the U.S. dollar plays in financial readiness for life after work.The dollar is more than just a form of payment used by Americans to purchase gas, buy a beer at the bar or pay the credit card bill. It is one of the most reliable currencies in the world, a status that has benefited American retirees for generations.Since the end of World War II, the U.S. dollar...

In 2023, India added nearly USD 58 billion to its forex reserves, reversing the trend from 2022, when the reserves saw a cumulative decline of USD 71 billion. India’s foreign exchange reserves rose by USD 8.310 billion to reach USD 686.145 billion for the week ending April 18, 2025, according to official data released by the Reserve Bank of India (RBI). This marks the seventh consecutive weekly increase in reserves. The reserves had earlier witnessed a slump for nearly four months after touching an all-time high of USD 704.89 billion...

Listen to article ISLAMABAD: Pakistan on Saturday announced that it has initiated a deal with President Donald Trump-backed World Liberty Financial to accelerate the journey towards legally adopting digital currencies, in a move that might follow a slew of legal changes to inch towards the crypto world. The Ministry of Finance made the announcement following separate meetings between the World Liberty Financial (WLF) delegation and Chief of Army Staff General Asim Munir, Prime Minister Shehbaz Sharif and Deputy Prime Minister Ishaq Dar. The deputy prime minister is taking keen interest in promotion...