Currencies

The Indian Rupee strengthens 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) rebounds on Wednesday. The potential foreign exchange intervention from the Reserve Bank of India (RBI) and strong Asian currencies, especially the offshore Chinese Yuan provide some support to the Indian currency. Nonetheless, the unabated outflows of foreign funds into Indian equities could exert some selling pressure on the local currency. Foreign investors have withdrawn...

Following steep declines on Monday, U.S. equities continued to lose ground on Tuesday. President Donald Trump's decision to double tariffs on Canadian metal imports has fueled fears of an economic recession. Despite the bearish trend, U.S. Treasury yields climbed, accompanied by a rise in oil prices.Investors were unsettled by Trump's refusal to rule out a recession due to his trade policies. Adding to market jitters, small-business confidence dropped for the third consecutive month in February. Analysts like Phil Blancato from Osaic Wealth highlight a slowdown in consumer spending as...

India has “absolutely no interest” in undermining the US dollar, and its fellow members of the Brics grouping of emerging economies have not formed a unified position on a proposed alternative payment system, according to New Delhi’s foreign minister.Speaking at the London-based think tank Chatham House last week during a six-day visit to Britain and Ireland, Subrahmanyam Jaishankar described the dollar as a “source of international economic stability”.His comments followed repeated warnings from US President Donald Trump against any efforts by Brics – an acronym of founding nations Brazil, Russia,...

Reserve Bank of India (RBI) was the net seller of over $36 billion between June and December to support the Indian Rupee, showed government’s written responses in the Rajya Sabha on Tuesday. Written replies by Minister of State in the Finance Ministry, Pankaj Chaudhary revealed that gross sale during 7 months of the current fiscal, starting June, by RBI was over $53 billion, while gross purchase was over $16.5 billion. This means that net sale was over $36 billion. However, this was not sufficient to stop the steep fall in...

US-based Coinbase, an online platform for buying, selling, transferring and storing cryptocurrency, has registered with India’s Financial Intelligence Unit (FIU) to offer crypto trading services in India. The company plans to launch its initial retail services later this year, followed by additional investment and products in India thereafter.In a company blogpost, John O’Loghlen, Regional Managing Director for APAC at Coinbase shared, “We’re committed to building in markets that believe in the potential of crypto and onchain innovation. India represents one of the most exciting market opportunities in the world today,...

Analysts on Tuesday (Mar 11) said uncertainty could weigh on US shares in the near term given the impact of tariffs and earnings outlook, as US markets sold off.Asia could also be hit on a slowdown of investments from the tariffs factor, they said. Markets across the Asia-Pacific also declined on Tuesday.Investors fear the impact of tariffs on the US’ major trading partners, such as China, Canada and Mexico. US President Donald Trump has said that the country’s economy is facing “a period of transition”, as he avoided addressing the...

India has "absolutely no interest" in undermining the US dollar, and its fellow members of the Brics grouping of emerging economies have not formed a unified position on a proposed alternative payment system, according to New Delhi's foreign minister.Speaking at the London-based think tank Chatham House last week during a six-day visit to Britain and Ireland, Subrahmanyam Jaishankar described the dollar as a "source of international economic stability".His comments followed repeated warnings from US President Donald Trump against any efforts by Brics - an acronym of founding nations Brazil, Russia,...

A new chapter has begun in the world of digital currencies! Utkarsh Sinha, India's youngest Web3 entrepreneur, has revealed his face to the public, solidifying his place in the Bitcoin and other digital currency sectors.This dynamic and young founder of KriptoAD, a digital currency marketing agency, drives digital innovation, especially with Bitcoin and other digital currencies.A Journey of Ambition and Strategic VisionUtkarsh Sinha hails from Varanasi, Uttar Pradesh. His journey to becoming India's youngest Web3 entrepreneur is a story of ambition and hard work. At just 16 years old, he...

Singapore shares tumbled in early trade on Tuesday (Mar 11) morning, joining Asia-wide declines as US markets dropped deep into negative territory on fears over tariffs and recession risks.At around 1.02 pm, the Straits Times Index (STI) was down by 2 per cent at 3,822.55. Across the broader market, losers outnumbered gainers 354 to 148 after around one billion securities worth S$1.2 billion changed hands. As at 12.55 pm, local banking stocks were all down. DBS was down 2.9 per cent or S$1.31 at S$44.54 with 6.3 million shares transacted. UOB...

Cardano (ADA) recovers slightly by 4%, trading around $0.70 on Tuesday after falling nearly 7% the previous day. On-chain metrics signal further recovery as ADA’s funding rate turns positive while its bullish bets reach the highest level over a month. Ripple's XRP declined 10% on Monday, trading around $1.96 at press time after odds of its price plunging below $2.00 skyrocketed to 81% on prediction platform Polymarket. Despite the high risk-off sentiment, XRP's 30-day Market Value to Realized Value (MVRV) Ratio indicates prices may have found a bottom. The crypto market continued its...