Currencies

NEW DELHI, Apr 24: India and South Africa have discussed possibility of settlement of trade in local currency and unified payment linkage system with a view to further strengthen economic ties, the commerce ministry said on Thursday.   They also deliberated on the proposed India-SACU (Southern African Customs Union) preferential trade agreement. These issues were discussed during the Joint Working Group on Trade and Investment (JWGTI) meeting with South Africa in Pretoria earlier this week. “Major points for discussion in JWGTI included revival of CEO Forum, investment cooperation, market access...

April 25 (Reuters) - The following table shows rates for Asian currencies against the U.S. dollar as of 0202 GMT. CURRENCIES VS U.S. DOLLAR Currency Latest bid Previous Pct day Move Japan yen 142.940 142.62 -0.22 Sing dlr 1.313 1.3107 -0.21 Taiwan dlr 32.511 32.529 +0.06 Korean won 1435.800 1432.8 -0.21 Baht 33.445 33.40 -0.13 Peso 56.378 56.426 +0.09 Rupiah 16800.000 16865 +0.39 Rupee 85.260 85.26 +0.00 Ringgit 4.374 4.37 -0.09 Yuan 7.297 7.2898 -0.10 Change so far in 2025 Currency Latest bid End 2024 Pct Move Japan yen 142.940...

Instant payments often stop at national borders. That's an issue for banks and companies trying to do business around the world. As popular as real-time payments have become, the underlying protocols are mostly domestic and unable to work with each other.Circle, which is best known for issuing the USDC stablecoin, is trying to narrow this gap by launching the Circle Payments Network, which connects financial institutions, digital challenger banks, payment companies, and digital wallets to process payments instantly in different currencies and markets. Other firms tied to cryptocurrency, such as Ripple,...

Prices of rice shipped from India and Thailand edged higher this week, aided by currency fluctuations, although gains were capped by subdued demand, while Vietnamese rates were little changed. Indian rice prices recovered from a 22-month-low, with the 5% broken parboiled variety being quoted at $389-$396 per metric ton, up from the last week’s $388-$394. Prices were helped as the Indian rupee rose slightly versus the U.S. dollar. Indian 5% broken white rice was priced at $382-$388 per metric ton this week. Buyers from Africa “are on the sidelines. They...

KUALA LUMPUR, April 24 — The ringgit closed stronger against the US dollar on weaker greenback demand, amid a decline in investor confidence due to ongoing US-China trade tensions and a lack of progress in negotiations.At 6pm, the local unit stood at 4.3695/3750 against the greenback, improving from Wednesday’s close of 4.3880/3925.Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the ringgit gained about 0.32 per cent today amid the uncertainties over the US tariff spat with China and other global trading partners.“It seems China has demanded...

The Ghana Cedi has depreciated by about 4.0% to the US dollar so far in 2025, the World Bank April 2025 Africa Pulse Report has revealed. This is one of the best performances in recent times. In 2024, the cedi lost over 17% in value to the American greenback. In Africa, the CFA Franc used by most Francophone West African countries is the best performing.0 currency, appreciating by about 2.0% to the American dollar. According to the World Bank, the weakest performing currencies over the past year were the South...

India rates recover slightly from 22-month low In Vietnam, demand from buyers hasn't picked up, trader says Bangladesh begins purchasing 1.7 million tons of rice from local farmers April 24 (Reuters) - Prices of rice shipped from India and Thailand edged higher this week, aided by currency fluctuations, although gains were capped by subdued demand, while Vietnamese rates were little changed. Indian rice prices recovered from a 22-month-low, with the 5% broken parboiled variety being quoted at $389-$396 per metric ton, up from the last week's $388-$394. Prices were helped...

April 24 (Reuters) - The following table shows rates for Asian currencies against the U.S. dollar, as of 0202 GMT. CURRENCIES VS U.S. DOLLAR Currency Latest bid Previous Pct day Move Japan yen 142.750 143.44 +0.48 Sing dlr 1.314 1.3152 +0.09 Taiwan dlr 32.534 32.492 -0.13 Korean won 1430.100 1427.2 -0.20 Baht 33.485 33.52 +0.10 Peso 56.495 56.547 +0.09 Rupiah 16865.000 16860 -0.03 Rupee 85.420 85.42 +0.00 Ringgit 4.390 4.388 -0.05 Yuan 7.297 7.2885 -0.12 Change so far in 2025 Currency Latest bid End 2024 Pct Move Japan yen 142.750...

Investing Mc_Cloud / Shutterstock.com Published: April 24, 2025 7:40 am Financial markets around the world have faced significant upheaval this year, impacting not only stock markets but also the value of national currencies. This matters greatly not just to forex traders but to billions of people worldwide. When a currency is strong, it enables consumers to purchase more from other countries and draws in foreign investment, which in turn supports job creation and government revenues. On the other hand, weak currencies push up the cost of imports, drive inflation higher,...

Solana (SOL) price faces growing overhead pressure and slides below $150 to trade at $148 at the time of writing on Thursday. The sudden pullback follows the crypto market's edging higher on improving investor sentiment, which saw SOL climb to $154 on Wednesday.  Uniswap (UNI) price hovers around $5.92 at the time of writing on Thursday, having rallied 12.8% so far this week. According to Wu Blockchain, data shows that the address potentially related to the Uniswap team, investor, or advisor transferred 9 million UNI to the Coinbase Prime Deposit...