Currencies

New Delhi,  Apr 21: India’s foreign exchange reserves (Forex) rose USD USD 1.567 billion to USD 677.835 billion in the week that ended on April 4, extending gains for the sixth straight week, showed the official data released by Reserve Bank of India (RBI). According to the data released by RBI, for the week ended April 11, the foreign currency assets rose by USD 892 million to USD 574.98 billion. The foreign currency assets are the major constituesnts of forex reserves. The gold reserve also saw an uptick as it...

Ripple (XRP) edges higher on Monday, climbing 1.54% on the day to trade at $2.11 at the time of writing. Bulls have shown resilience and determination in the last week, upholding XRP above the $2.00 level. Several factors that could be contributing to the token’s bullish momentum include the launch of XRP futures trading by Coinbase Derivatives, a spike in open interest and technical indicators flashing buy signals amid improving sentiment across the crypto market. Bitcoin's (BTC) price broke above its key resistance level after facing multiple rejections around it the previous week. Ethereum...

Listen to article The US dollar tumbled on Monday as investor concerns mounted over the Federal Reserve’s independence, following fresh comments from President Donald Trump suggesting he may attempt to remove Fed Chair Jerome Powell. The greenback fell sharply across global currency markets, hitting a 10-year low against the Swiss franc and sliding to a seven-month low versus the yen. The euro surged to its highest level in three years, while emerging market currencies also gained ground. The market reaction followed remarks from White House economic adviser Kevin Hassett, who confirmed the...

U.S. President Donald Trump Lists 8 'Non-Tariff Cheating' Tactics. | Image: Donald Trump Tariffs US President Donald Trump has once again highlighted what he calls “non-tariff cheating” in global trade. In a recent post on his social media platform, Truth Social, Trump listed several trade practices that, according to him, harm American businesses and workers. In a recent post on his social media platform, Truth Social, former U.S. President Donald Trump outlined several unfair trade practices he believes harm American businesses and workers. He listed what he called “NON-TARIFF CHEATING,”...

By Ronnie Harui Most Asian currencies strengthened in morning trading amid continuing headwinds for the U.S. dollar, including worries about fading U.S. exceptionalism. Against the dollar, the yen appreciated 0.5%, the Singapore dollar rose 0.4% and the Australian dollar added 0.2%. Trading was somewhat subdued on Monday amid holidays in parts of the Asian region, such as Hong Kong. Gold hit another intraday record, rising 1.6% to $3,380.37 an ounce after touching a high of $3,382.53 an ounce earlier. There were "some concerning signs last week that the Trump administration...

Uncertainty about U.S. policymaking has led to a flight out of the U.S. dollar and Treasurys, with the dollar index weakening more than 9% so far this year, and analysts see more declines.  The drop in the greenback has led other currencies to appreciate against it, especially safe havens such as the Japanese yen, the Swiss franc as well as the euro. Currency devaluation is likely to be more of an active consideration across emerging markets, particularly in Asia, said Nick Rees, head of macro research at Monex Europe. "Emerging...

This is CNBC's live blog covering Asia-Pacific markets. Asia-Pacific markets opened mixed Monday as investors awaited China's rate decision at a time when the yuan has come under pressure due to Beijing-Washington trade tensions. Japan's benchmark Nikkei 225 fell 1.16%, while the broader Topix index lost 1.24%. In South Korea, the Kospi index increased 0.14% while the small-cap Kosdaq moved up 0.13%. Over in China, the central bank kept its key loan prime rates unchanged at 3.10% for 1-year loan maturities and 3.60% for 5-year loan maturities. Australian and Hong Kong markets were closed...

This is CNBC's live blog covering Asia-Pacific markets. Asia-Pacific markets traded mixed Monday as China's central bank held rates at a time when the yuan has come under pressure due to Beijing-Washington trade tensions. Mainland China's CSI 300 rose 0.18% after the People's Bank of China kept its key loan prime rates unchanged at 3.10% for 1-year loan maturities and 3.60% for 5-year loan maturities, in line with the expectations of economists polled by Reuters. Japan's benchmark Nikkei 225 fell 1.24%, while the broader Topix index declined 1.18%. In South Korea, the Kospi index was flat...

India’s foreign exchange reserves (Forex) rose USD USD 1.567 billion to USD 677.835 billion in the week that ended on April 4, extending gains for the sixth straight week, showed the official data released by Reserve Bank of India (RBI). According to the data released by the RBI, for the week ended April 11, the foreign currency assets rose by USD 892 million to USD 574.98 billion. The foreign currency assets are the major constituesnts of forex reserves. The gold reserve also saw an uptick as it surged by USD...

In 2023, India added approximately USD 58 billion to its forex reserves, recovering from a USD 71 billion decline in 2022. In 2024, the reserves have risen by over USD 20 billion so far. India’s foreign exchange reserves continued their upward momentum, rising by USD 1.567 billion to USD 677.835 billion in the week ending April 4, according to data released by the Reserve Bank of India (RBI). This marks the sixth consecutive week of gains in the country’s forex holdings. The increase reflects strong foreign currency asset growth and...