Currencies

Port Louis, Mar 12 (PTI) India and Mauritius on Wednesday elevated their ties to ‘enhanced strategic partnership’ and inked eight pacts to boost ties in several sectors, including maritime security, and promote trade in local currencies, even as Prime Minister Narendra Modi unveiled an ambitious vision for growth and security of the Global South. On the second and final day of his two-day trip to Mauritius, Modi graced the national day celebrations of the island nation as the chief guest and announced a raft of development projects for the strategically-located...

India and Mauritius have strengthened their diplomatic ties by establishing an 'enhanced strategic partnership.' On Wednesday, Prime Minister Narendra Modi and Mauritian Prime Minister Navinchandra Ramgoolam signed eight agreements aimed at fortifying cooperation across multiple sectors, including maritime security and local currency trade.Introducing the ambitious 'MAHASAGAR' vision, Modi outlined India's dedication to the Global South's growth and security, particularly in the Indian Ocean region. This vision, building on the SAGAR initiative, underscores the cooperative spirit between India and Mauritius, focusing on areas like trade, technology, and mutual defense.In their...

IndusInd Bank shares recovered on Wednesday after falling to its lowest level in one year as investors were reassured by statements made by its promoter Ashok Hinduja and CEO Sumant Kathpalia. The shares of the private sector lender had crashed by 27% on Tuesday after the bank disclosed discrepancies in accounting for foreign currency derivative trades over a period of five to seven years.  The private sector lender expects to take the impact of these discrepancies–about 2.35% of its net worth–in the fourth quarter results, yet report a small profit....

Malhotra took over as RBI Governor in December 2024, replacing Shaktikanta Das who demitted office after completion of his extended term. The Reserve Bank of India (RBI) will soon issue currency notes of Rs 100 and Rs 200 denominations. But these notes will come with a change.  According to the Central Bank, these notes will have the signature of Governor Sanjay Malhotra. "The design of these notes is similar in all respects to Rs 100 and Rs 200 banknotes in Mahatma Gandhi (New) Series," it said in a statement. All...

Mumbai (Maharashtra) , March 12 (ANI): Indian stock markets continue to follow the trends of previous session on Wednesday and ended flat in the volatile session, as investor’s sentiment impacted by the concerns such as overvaluation, threats of tariff war, and currency depreciation. At the end of today’s trading session in the Indian markets, the BSE Sensex stood at 74,029.76, down 72.56 points or 0.10 per cent and the Nifty at National Stock Exchange was down 27.40 points or 0.12 per cent at 22,470.50. Show Full Article At NSE, the...

In a volatile trading session on Wednesday, the Indian stock markets concluded flat, continuing the trends seen in the previous day. Investor sentiment was affected by worries over overvaluation, tariff war threats, and currency depreciation. At the end of the session, the BSE Sensex was recorded at 74,029.76, a decline of 72.56 points or 0.10 per cent, while the Nifty of the National Stock Exchange fell by 27.40 points or 0.12 per cent to close at 22,470.50.On the NSE, significant gainers included IndusInd Bank, Kotak Mahindra Bank, Tata Motors,...

Port Louis, Mar 12 (PTI) India and Mauritius on Wednesday elevated their ties to an ‘enhanced strategic partnership’ and inked eight pacts to boost cooperation in several sectors including trade and maritime security even as Prime Minister Narendra Modi unveiled an ambitious vision for the development of the Global South. The agreements inked will provide for promoting the use of national currencies for cross-border transactions, sharing of maritime data, joint work in combating money laundering and enhancing cooperation in the MSME (Micro, Small and Medium Enterprises) sector. On the second...

The US dollar is near a five-month low amid Trump's economic and trade policies.The euro and yen are rising due to Europe's spending plans and Japan's interest rate signals.Analysts are speculating on the dollar's reserve status amid global economic shifts and policies.The US dollar neared a five-month low against other major currencies on Wednesday after President Donald Trump's economic and trade policies drove another wild day in the markets.The US Dollar Index, which measures the greenback against a basket of six major currencies, was 0.3% lower at 103.56 at 4:33...

Uniswap (UNI) price trades in the red on Wednesday at $5.84 after falling nearly 9% in the last two days. This downward trend is further supported by UNI’s Exchange Flow balance, which shows a positive spike. Moreover, Lookonchain data shows that on Wednesday, whale wallet deposited 2.25 UNI tokens worth $13.71 million into the Kraken exchange, likely to cut losses. Bitcoin (BTC) price hovers around $82,700 on Wednesday after recovering 5.52% the previous day. Ethereum (ETH) price shows weakness while Ripple (XRP) price shows signs of recovery as these coins expect volatility...

The Indian Rupee softens in Wednesday’s Asian session.  The likely RBI intervention and softer US Dollar underpin the INR.  The Indian and US CPI inflation reports will take center stage later on Wednesday.  The Indian Rupee (INR) softens on Wednesday. The unabated outflows of foreign funds into Indian equities could exert some selling pressure on the local currency. Foreign investors have withdrawn almost $15 billion from Indian shares so far this year, putting outflows on track to surpass the record $17 billion registered in 2022. Nonetheless, the potential foreign exchange intervention...