Currencies

Ethereum to Ripple ETH XRP 1 ETH 813.474065406 XRP 5 ETH 4,067.370327031 XRP 10 ETH 8,134.740654061 XRP 25 ETH 20,336.851635153 XRP 50 ETH 40,673.703270305 XRP 100 ETH 81,347.40654061 XRP 500 ETH 406,737.03270305 XRP 1,000 ETH 813,474.0654061 XRP 5,000 ETH 4,067,370.3270305 XRP 10,000 ETH 8,134,740.654061 XRP 50,000 ETH 40,673,703.270305 XRP Ripple to Ethereum XRP ETH 1 XRP 0.001229295 ETH 5 XRP 0.006146477 ETH 10 XRP 0.012292955 ETH 25 XRP 0.030732387 ETH 50 XRP 0.061464775 ETH 100 XRP 0.122929549 ETH 500 XRP 0.614647745 ETH 1,000 XRP 1.22929549 ETH 5,000 XRP 6.146477451 ETH...

Mumbai: India's forex reserves jumped $ 8.31 billion to $ 686.145 billion for the week ended April 18 led by dollar buying by the Reserve Bank of India (RBI), valuation gains due to an increase in gold prices and revaluation of other currencies other than the dollar.According to the data released in the RBI Weekly Bulletin on Friday, forex reserves are now at a six-month high and about $19 billion away from the record high of $705 billion at the end of September 2024.“Gold valuation rose by $4.58 billion, while...

Global bank Citi has predicted 2025 could be a possible inflection point for blockchain adoption driven by stablecoins, akin to the breakout year artificial intelligence (AI) had with popular application ChatGPT."2025 has the potential to be blockchain’s ‘ChatGPT’ moment," the bank's analysts said in a report published earlier this week.At the center of the Citi's projection are stablecoins, a class of cryptocurrencies pegged to traditional currencies like the U.S. dollar. These tokens, led by Tether's $145 billion USDT and Circle's $60 billion USDC, have seen tremendous growth recently and are...

MUMBAI: The Indian rupee yet again failed to move past the psychological 85 mark on Friday after a sell-off in local equities and bonds amid investors weighing the potential for increased geopolitical uncertainty following a deadly militant attack. The rupee, having peaked at 85.10 during the session, dropped to 85.6550 versus the U.S. dollar. This is the third time in recent days that the Indian currency has been driven back from the 85 level. India’s Nifty 50 Index dropped over 1%, significantly underperforming other Asian equity indices, which followed their...

The world’s poorest countries are reeling from debt made worse by exchange rate fluctuations and worsening climate shocks, a new study has found, as officials considered ways to ease the burden at the Spring Meetings of the International Monetary Fund (IMF) and the World Bank this week.On Friday, the International Institute for Environment and Development (IIED) issued new research showing that Least Developed Countries (LDCs) and Small Island Developing States (SIDS) have been required to take out loans for their growth and development in foreign currencies – usually US dollars...

India’s foreign exchange reserves rose by USD 8.31 billion to reach USD 686.145 billion for the week ending April 18, marking the seventh consecutive week of growth.  | Photo Credit: Dado Ruvic/Reuters India's forex reserves jumped USD 8.31 billion to USD 686.145 billion for the week ended April 18, the RBI said on Friday. This is the seventh consecutive week of a rise in the kitty, which had jumped by USD 1.567 billion to USD 677.835 billion in the previous reporting week ended April 11. The forex reserves had touched...

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...