Currencies

Over the past six months, the Indian rupee has fallen sharply by close to 4% against the US dollar, according to Bloomberg. This marks one of the most prominent declines in recent times, with the rupee hitting a massive single-day decline of around 0.7% in January 2025. As of early April 2025, the exchange rates hover around Rs 85 per USD, hinting at a downward trend.  For Indian students studying abroad or aspiring to study abroad, this volatile environment raises alarm. A weakening rupee has a direct impact on amplifying the...

Rupee pared its initial gains and ended the day lower by 7 paise at 85.40 against the US dollar on Friday, due to heightened geopolitical tensions and a negative trend in domestic markets. Forex traders attributed the rupee's decline to escalating geopolitical tensions, particularly following a terrorist attack in Pahalgam, Jammu & Kashmir, which weighed on market sentiment. Additionally, a muted trend ia stronger US dollar inden domestic equities and x further dampened investor confidence. At the interbank foreign exchange market, the rupee opened at 85.17 and fluctuated between an...

“Markets are discovering the real Trump trade is ‘Sell America’,” say Saleha Mohsin and Carter Johnson on Bloomberg. Stocks soared late last year on bets that the incoming president would initiate an American golden age. It hasn’t worked out like that. The dollar has dropped 9% against other major currencies in 2025.The US relies on international capital to finance its budget and trade deficits. As Torsten Slok of Apollo Management notes, foreigners own $19 trillion of US equities and $7 trillion of government bonds, equivalent to 20%-30% of the market....

As the world economy enters a phase of volatility, Indian investors are increasingly questioning the wisdom of keeping their portfolios confined to domestic markets. The Mumbai edition of Mint Horizons, hosted on April 11 at the MCA, Bandra Kurla Complex, brought together some of the most prominent voices in finance and investing to explore why diversification across geographies and currencies is no longer optional — it's essential.Reframing the India-only mindsetNeil Borate, Deputy Editor at Mint, opened the event by highlighting the limited discourse in India around global investing. “This is...

Rupee jumped 25 paise to 85.08 against the US dollar in early trade on Friday, buoyed by robust foreign fund inflows and positive remarks from the US Treasury Secretary indicating India could be the first to sign a trade tariff treaty with the US. Forex analysts noted that India is emerging as a symbol of “quiet strength,” supported by improving macroeconomic fundamentals and increasing global interest. The Reserve Bank of India, in its latest bulletin, highlighted the country’s growing economic resilience, pointing to diversified trade ties and favourable market sentiment....

Stacks (STX) price rises, hitting a new weekly high at $0.90 during the Asian session on Friday. The Bitcoin layer-2 protocol shows bullish resilience, trading at $0.88 at the time of writing, reflecting growing institutional interest in the decentralized finance (DeFi) ecosystem. STX's breakout appears strong enough to sustain the uptrend, targeting highs above $1.00 in the coming days. Bitcoin (BTC) traded above $93,000 on Thursday as rumors of US-China tariff easing stirred a rebound in price, sending the percentage of supply in profit at current price levels to 87.3%, 5% above...

The Indian Rupee furthers its upward move in Friday’s Asian session.Positive developments in the trade talks and continued foreign inflows support the INR. Escalating geopolitical tensions after the Kashmir attack might cap the pair’s upside. The Indian Rupee (INR) strengthens on Friday. The optimism surrounding US-India trade talks provides some support to the Indian currency. Currently, the 26% reciprocal tariff on India that the US imposed is on a 90-day pause. The suspension will expire on July 8. However, India does face a 10% tariff as other nations per the US trade...

(Repeats story published on Thursday, with no change to text) 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 25 (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...

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...