Currencies

According to RBI data, forex reserves have increased cumulatively by $20.1 billion over the past three weeks and by about $6.6 billion in the latest reporting week In a significant development, India's foreign exchange reserves rose from $6.596 billion to $665.396 billion in the week that ended on March 28, extending gains for the fourth straight week, official data released by RBI showed.This significant jump is the highest in nearly five months, after witnessing a period of downturn.According to RBI data, forex reserves have increased cumulatively by $20.1 billion over...

Iran’s rial currency traded on Saturday at a record low against the US dollar as the country returned to work after a long holiday, costing over 1 million rials for a single greenback as tensions between Tehran and Washington likely will push it even lower.The exchange rate had plunged to over 1 million rials during the Persian New Year, Nowruz, as currency shops closed and only informal trading took place on the streets, creating additional pressure on the market. But as traders resumed work Saturday, the rate fell even further...

Iran’s rial currency traded Saturday at a record low against the U.S. dollar as the country returned to work after a long holiday, costing over 1 million rials for a single greenback as tensions between Tehran and Washington likely will push it even lower. The exchange rate had plunged to over 1 million rials during the Persian New Year, Nowruz, as currency shops closed and only informal trading took place on the streets, creating additional pressure on the market. But as traders resumed work Saturday, the rate fell even further to 1,043,000...

Pithoragarh, Apr 5 (PTI) Four men were arrested near the India-Nepal border on Saturday and counterfeit currency with a face value of Rs 29,000 was recovered from them, police said on Saturday. Counterfeit currency notes of 500 denomination with a face value of Rs 29,000 were recovered from them, Pithoragarh SP Rekha Yadav said. Samir Rehman (28), Asif (21), Nitin (35), and Shoaib (28) were arrested by a police petrol party when their car was found parked suspiciously close to the India-Nepal border, she said. Show Full Article They have...

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BENGALURU: Equities in Vietnam and Thailand plunged even further on Friday as investors fled from risky assets, after US President Donald Trump’s unexpectedly severe tariffs fuelled fears of a global recession. Thailand’s benchmark stock index slumped 2.8% to its lowest level in more than five years, bringing its year-to-date losses to about 19.4%. Vietnam stocks tanked as much as 5.8% to their lowest level in 15 months, extending their slide after Thursday’s near 7% drop. The selling in Vietnamese shares was fairly uniform across-the-board, indicating that investors would need more...

Underlining that BIMSTEC is a model for inclusive development and collective security and not merely a regional organisation, Prime Minister Narendra Modi Friday announced more than 20 initiatives — from the mechanism of Home Ministers on security to UPI connecting payment mechanisms, an energy centre to a chamber of commerce.Speaking at the 6th BIMSTEC Summit in Bangkok, Modi said, “BIMSTEC serves as a vital bridge between South and Southeast Asia, and is emerging as a powerful platform for advancing regional connectivity, cooperation and shared prosperity.” “It is a matter of great...

President Donald Trump’s sweeping tariffs on dozens of foreign trading partners have unleashed a rapid response abroad, as Europeans leaders urged negotiations while pondering retaliatory measures Thursday. Trump spoke of such negotiation requests in his Wednesday speech as he previewed the tariffs, saying, “To all of the foreign presidents, prime ministers, kings, queens, ambassadors, and everyone else who will soon be calling to ask for exemptions from these tariffs I say: Terminate your own tariffs, drop your barriers, don’t manipulate your currencies.” Donald Trump's message to Keir Starmer,"To all of...

Sizing up what President Trump’s new tariffs mean for India was a puzzle from the start for even the country’s top trade economists. Its politicians, too, were stunned.Starting next week, nearly all Indian goods arriving in the United States will be taxed an extra 27 percent.The figure was bafflingly high, in part because the government’s ministers had been flocking to Washington since Mr. Trump won re-election. From the Rose Garden, Mr. Trump addressed India’s prime minister, Narendra Modi, in absentia while delivering the disappointing news, calling him “a great friend...

KUALA LUMPUR, April 4 — The ringgit ended the week on a firmer footing against the US dollar amidst uncertainties over the reciprocal tariff imposed by the United States (US) administration, said an analyst. At 6 pm, the ringgit traded higher at 4.4335/4400 against the greenback from Thursday’s close of 4.4400/4460.Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said that while the tariff rate was steep at 24 per cent, room for negotiation is widely open.“Hence, hope for Malaysia and other countries to get a better deal...