Currencies

Sensex Nifty Today | Stock Market Live Updates: The Indian benchmark indices, Sensex and Nifty, opened on a flat note today, with both trading in the red. The Nifty is hovering near 24,250, while the Sensex is around the 80,000 mark. Select Asian markets, however, have started on a strong note. Nikkei is up over  1% after  US stock markets extended gains for the second day. This is after Donald  Trump announced that he had “no intention” of removing Fed Chair Jerome Powell before his term. The US indices closed the...

Asian markets were mixed on Thursday (Apr 24) after US President Donald Trump said he had “no intention” of firing the US central bank head and made conciliatory comments on his trade war with China.Trump’s attacks on the Federal Reserve for not cutting interest rates had raised fears that he would fire its “Mr Too Late” chief Jerome Powell, in a major blow to its independence. Trump’s rowback on Wednesday boosted Wall Street, as did his comments that US tariffs on China were “very high” and would “come down substantially”. The broad-based...

Gold prices fell in India on Thursday, according to data compiled by FXStreet. The price for Gold stood at 9,166.56 Indian Rupees (INR) per gram, down compared with the INR 9,053.70 it cost on Wednesday. The price for Gold decreased to INR 106,916.50 per tola from INR 105,600.60 per tola a day earlier. Unit measure Gold Price in INR 1 Gram 9,166.56 10 Grams 91,665.22 Tola 106,916.50 Troy Ounce -1.00   Daily Digest Market Movers: Gold price attracts safe-haven flows amid persistent trade uncertainties US Treasury Secretary Scott Bessent denied...

MUMBAI: The Indian rupee logged its steepest fall in two weeks, pressured by a recovery in the US dollar index and as traders unwound long positions on the local unit after it failed to climb above a key level. The rupee ended 0.3% down at 85.42, against 85.1875 at previous close. The Indian currency struggled to rise above 85 per dollar this week, which led “rupee bulls” to close their long-term positions on the rupee, two traders said. Some traders also cited the attack in India’s Jammu & Kashmir territory...

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldWe all knew Donald Trump believes the security burden borne by America is unfair and that other countries have been ripping it off for years on trade and defence. It has been more surprising to find the re-elected president’s close aides also saying that the pre-eminent global role played by the US dollar is not the “exorbitant privilege” it was termed by Valéry Giscard d’Estaing as France’s finance minister in...

FX Forward - Buy JPY Sell USD Purchased 15.72 475.5 Mil Derivative Franklin IFT Money Market 11.62 351.4 Mil Cash and Equivalents FX Forward - Buy USD Sell CNH Purchased 10.03 303.3 Mil Derivative FX Forward - Buy USD Sell CNH Purchased 9.29 280.9 Mil Derivative FX Forward - Buy KRW Sell USD Purchased 8.90 269.2 Mil Derivative FX Forward - Buy USD Sell JPY Purchased 7.96 240.6 Mil Derivative FX Forward - Buy USD Sell EUR Purchased 7.60 229.8 Mil Derivative FX Forward - Buy NZD Sell USD Purchased...

The flashy online announcement called it “the most EXCLUSIVE INVITATION in the World,” a chance to have “an intimate private dinner” with President Trump at his members-only golf club in Virginia, followed by a tour of the White House.A seat would be reserved for each of the top 220 investors in $TRUMP, a cryptocurrency that Mr. Trump launched on the eve of his inauguration.In an astonishing escalation of the Trump family’s efforts to profit from crypto, a website promoting $TRUMP, the president’s so-called memecoin, announced on Wednesday that the coin’s...

Mumbai: Most of the recent market focus has been on the rupee’s modest gains against the dollar. Yet, a closer inspection of currency trends reveals a broader bout of weakness: the Indian currency has slid against a basket of non-dollar counterparts, notably the euro and the pound, complicating the picture for policymakers and market participants.Abhishek Goenka, chief executive of IFA Global, highlighted the rupee’s decoupling from the greenback’s trajectory. “A weaker rupee against non-dollar currencies is positive for exporters, provided they are not overhedged,” he said, noting that euro and...

As suited traders stare at their screens on global foreign currency markets, migrant workers from Central Asia are paying just as much attention in cities across Russia.With the US dollar tanking in value amid global market turmoil since the Trump administration unveiled a massive tariffs package, the Russian ruble has risen sharply. This means migrants in Russia are suddenly sending home much more money.“People wait months before sending money, hoping that the exchange rate will rise. As soon as it does, they run to the bank or send money on...

The flashy online announcement called it “the most EXCLUSIVE INVITATION in the World,” a chance to have “an intimate private dinner” with President Trump at his members-only golf club in Virginia, followed by a tour of the White House.A seat would be reserved for each of the top 220 investors in $TRUMP, a cryptocurrency that Mr. Trump launched on the eve of his inauguration.In an astonishing escalation of the Trump family’s efforts to profit from crypto, a website promoting $TRUMP, the president’s so-called memecoin, announced on Wednesday that the coin’s...