Currencies

Rupee on Friday climbed to a seven-month high, briefly breaching the 84-per-dollar mark, buoyed by sustained foreign fund inflows and strong domestic economic indicators. However, it failed to hold onto the gains and ended the day just 1 paisa stronger at 84.53 against the US dollar. In a session marked by volatility, the rupee touched an intra-day high of 83.76 — its strongest level since October 2024 — before slipping back. It opened at 83.98 and moved in a range of 83.76 to 84.55 through the day. Traders attributed the...

Cryptocurrency prices are poised to extend gains following a bullish end to April. The recovery witnessed in the broader market reflects growing interest among retail investors, with select top 200 altcoins, such as ImmutableX (IMX), Morpho, and Turbo, flying the bullish flag high, with the highest gains over the past 24 hours.  Ethereum price has been consolidating between $1,700 and $1,861 since last week. At the time of writing on Friday, it is nearing its upper consolidating boundary at $1,861. If ETH breaks and closes above the daily resistance at $1,861,...

Rupee appreciated by 77 paise to 83.77 against the US dollar in early trade on Friday, bolstered by sustained foreign fund inflows and positive domestic data. Forex traders highlighted that the Goods and Services Tax (GST) collections for April were robust, reaching an all-time high of Rs 2.37 lakh crore, indicating strong domestic demand. A positive trend in domestic equities, fuelled by foreign fund inflows, also contributed to the bullish sentiment. However, caution remains as traders noted that any escalation in tensions between India and Pakistan could reverse the rupee's...

* Taiwan dollar rises 1.6% for week * Taiwan central bank to hold rates in 2025 - economist * Bank of Thailand eyed to further ease rates By Rishav Chatterjee May 2 (Reuters) - The Taiwan dollar reached a seven-month peak on Friday after the country lifted its annual growth forecasts, while most Asian currencies rose as hopes of easing U.S.-Sino trade tensions helped risk sentiment across emerging markets. Taiwan's currency rose 2% to its highest since October 1, 2024 and is set to log a weekly gain of 1.6%....

Listen to article BENGALURU: Investors ramped up their bullish bets on most Asian currencies, a Reuters poll showed on Thursday, as worries about US trade policies under President Donald Trump continued to weaken the dollar. Analysts increased their long positions on the Singapore dollar, the Indian rupee, the Thai baht, and the Philippine peso, according to a fortnightly poll of 10 respondents. They also turned bullish on the South Korean won, the Taiwan dollar and the Malaysian ringgit for the first time since October. The dollar notched its weakest monthly performance in...

The U.S. dollar has fallen about 9 percent in the past three months, according to an index that tracks its performance against a basket of major trading partners. Not since the 1970s has the currency performed so badly in a president’s first 100 days.The drop isn’t surprising. The U.S. economic outlook is far cloudier than it was on Inauguration Day, as President Trump’s tariffs set the stage for slower growth and higher inflation. U.S. assets look far less attractive now.But could there be something more existential afoot? Questions are swirling...

Ahmedabad: Nine years after the Indian govt demonetised Rs 500 and Rs 1,000 notes, the Sanand police seized a huge cache of the banned currency on Thursday.According to an official statement, Sanand police confiscated demonetised notes with a face value of Rs 1.90 crore from two men. This recovery indicated that the banned notes were still in circulation despite the govt's 2016 policy rendering them invalid.On Nov 8, 2016, the Indian govt announced the demonetisation of Rs 500 and Rs 1,000 currency notes, aiming to curb black money, counterfeit currency,...

You can trust VideoGamer. Our team of gaming experts spend hours testing and reviewing the latest games, to ensure you're reading the most comprehensive guide possible. Rest assured, all imagery and advice is unique and original. Check out how we test and review games here In case you wanted even more currencies in Marvel Rivals, for whatever odd reason, your wish will be granted! According to a new leak, NetEase will add two new currencies for the upcoming event. Fortunately, these will be available only for a limited time. As...

Investor sentiment towards most Asian currencies has turned increasingly positive, with market participants ramping up bullish positions as the US dollar continues to grapple with pressure stemming from uncertainty surrounding President Donald Trump’s trade policies, a Reuters poll revealed Thursday.The fortnightly survey, encompassing the views of 10 analysts and fund managers, showed a clear trend towards increased optimism for regional currencies. Respondents significantly increased their long positions – bets that the currency will appreciate against the US dollar – on the Singapore dollar, the Indian rupee, the Thai baht, and...

Ripple’s (XRP) price is consolidating at $2.21 at the time of writing on Thursday, reflecting sideways trading in the wider cryptocurrency market. There is a growing need for XRP to hold above the immediate $2.20 confluence support to validate the potential breakout targeting $3.00. Meanwhile, Ripple’s $5 billion bid to acquire Circle, the company that issues USDC stablecoin, has caught the industry’s attention. Solana (SOL) price is stabilizing at around $149 at the time of writing on Thursday, after finding support around its 50-day Exponential Moving Average (EMA) the previous day....