Currencies

Police have seized fake Indian currency notes with a face value of more than Rs 45 lakh in the district and arrested six persons, an official said on Thursday.Counterfeit notes were being printed at the office of a transport company in Bhiwandi town, Deputy Commissioner of Police (crime) Amarsingh Jadhav told reporters on Thursday.Acting on a tip-off, a Bhiwandi crime branch team on May 3 laid a trap at Avchitpada, and seized fake currency notes of Rs 500 denomination with a face value of Rs 30 lakh from Suraj Tanaji...

Rupee fell sharply by 84 paise to close at 85.61 (provisional) against the US dollar on Thursday, as escalating geopolitical tensions between India and Pakistan triggered risk aversion among investors. Forex traders said the domestic currency came under pressure after Pakistan attempted to target several Indian military sites using drones and missiles—a move thwarted by India's defence systems. The geopolitical stress, coupled with a stronger US dollar and rising crude oil prices, further weighed on sentiment. The rupee opened at 84.61 at the interbank foreign exchange and swung between a...

EUR/USD struggles to stabilize above 1.1300 after closing in the red on Wednesday.Technical sellers could take action in case the pair breaks below 1.1270.Markets see a diminishing chance of a Fed rate cut in June.EUR/USD came under bearish pressure in the American session on Wednesday and closed the day deep in negative territory. The pair stays on the back foot early Thursday and trades slightly below 1.1300. Euro PRICE This week The table below shows the percentage change of Euro (EUR) against listed major currencies this week. Euro was the...

XRP is knocking on the 50- and 100-day EMAs confluence resistance at $2.21 amid gains in the broader crypto market.The derivatives market Open Interest regains momentum as the long-to-short ratio leans bullish.Risk-on sentiment remains high as large volume holders increase exposure in XRP.Ripple (XRP) price is gaining bullish momentum, increasing over 3% to trade at $2.19 at the time of writing on Thursday. The broader uptrend led by Bitcoin (BTC) as it closes the gap to $100,000 comes after the Federal Reserve (Fed) left interest rates unchanged at 4.24%-4.5%, citing...

The Malaysian ringgit led losses across muted Asian currencies on Thursday ahead of the central bank’s expected rate pause, while the greenback stabilised after the US Federal Reserve maintained its benchmark interest rate. The ringgit touched its lowest level since May 2, weakening 0.7% to 4.266 per dollar, extending its decline to a third consecutive session. The Philippine peso and South Korean won each retreated 0.2%. The dollar index, which measures the currency against six major counterparts, edged down 0.2% but remained near Wednesday’s levels when a three-day slide ended...

Rising tensions between India and Pakistan following recent military action appear unlikely to significantly affect foreign investor sentiment toward Indian markets, according to analysts and market participants quoted in a Reuters report.India’s economy, which recently crossed the $4 trillion mark, has minimal direct trade with Pakistan. As a result, cross-border missile strikes carried out by India had limited immediate impact on domestic equities, currencies, or bonds.Investors believe that the likelihood of a full-scale conflict remains low. Ajay Marwaha, head of fixed income at Nuvama Group, told the news agency that...

Gold prices rose in India on Thursday, according to data compiled by FXStreet. The price for Gold stood at 9,216.33 Indian Rupees (INR) per gram, up compared with the INR 9,146.91 it cost on Wednesday. The price for Gold increased to INR 107,496.20 per tola from INR 106,687.80 per tola a day earlier. Unit measure Gold Price in INR 1 Gram 9,216.33 10 Grams 92,162.32 Tola 107,496.20 Troy Ounce 286,656.60   Daily Digest Market Movers: Gold price benefits from reviving safe-haven demand, renewed USD selling US President Donald Trump said...

By Selena Li, Yantoultra Ngui and Anton Bridge HONG KONG/SINGAPORE (Reuters) -A sharp rally in Asian currencies is set to boost demand for wealth and forex products as clients seek alternatives to U.S. dollar-denominated assets and demand for hedging grows amid trade tariff uncertainties, bankers and analysts say. The rally in the currencies since last week, starting with the Taiwan dollar and spreading outwards to those of China, Hong Kong, Malaysia, Singapore and South Korea, sounds a warning for the greenback, and is seen as an "Asian crisis in reverse"....

LONDON - Ukraine is starting to consider a shift away from the US dollar, possibly linking its currency more closely to the euro amid the splintering of global trade and its growing ties to Europe, Central Bank governor Andriy Pyshnyi told Reuters. Potential accession to the European Union, a “strengthening of the EU’s role in ensuring our defence capabilities, greater volatility in global markets, and the probability of global-trade fragmentation” are forcing the central bank to review whether the euro should be the reference currency for Ukraine’s hryvnia instead of...

‘Buy gold, ask questions later’. Octa broker comments on Trump’s first 100 days in office KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 8 May 2025 – Donald Trump’s rise to the U.S. presidency was marked by a series of bold and unconventional policy proposals that many pundits deemed radical at the time. Given the length of the campaign and the public nature of his platform, one would think that the market had plenty of time to prepare and price in the potential policy shifts well in advance. However, it...