Currencies

Returns for Indian investors in US stocks are a combination of two factors: market performance and currency depreciationread moreThe Indian rupee’s steady decline against the US dollar has been a subject of concern for policymakers, businesses and consumers alike. The currency recently breached the Rs87 mark, having fallen from Rs74.5 on January 1, 2022, to Rs87.39 as of March 3, 2025. This depreciation has led to higher import costs, a widening trade deficit and pressure on India’s current account balance. However, for Indians looking to invest in US markets, this...

Indian startup Mintoak, which provides merchant payment services to lenders, said it has bought Digiledge, marking the first acquisition in the nascent central bank digital currency space in a deal that sources said was worth around $3.5 million.The Reserve Bank of India started a pilot for the CBDC, or e-rupee, a digital alternative to physical currency, in December 2022, and last April, it expanded the scope of transactions to payment firms from having limited it to just banks initially. PayPal and HDFC Bank backed Mintoak has completed the acquisition of...

US President Donald Trump on Tuesday once again targetted India for its high tariffs, signalling that negotiations for a trade deal may not yield concessions for New Delhi on sweeping levies such as reciprocal tariffs, which are set to take effect from April 2. He singled out the auto sector, where he said India charges tariffs of over a 100 per cent.“India charges us 100 per cent tariffs; the system is not fair to the US, it never was. On April 2, reciprocal tariffs kick in. Whatever they tax us,...

The Indian Rupee trades flat in Wednesday’s early Asian session.  Renewed USD demand and persistent outflows by foreign institutional investors could undermine the INR.  India’s HSBC PMI and US ISM Services PMI will be the highlights later on Wednesday.  The Indian Rupee (INR) flat lines on Wednesday. The rising US Dollar (USD) buying by foreign banks and Indian importers, especially local oil companies, might exert some selling pressure on the local currency. Furthermore, the ongoing foreign outflows amid increasing global trade tensions could drag the INR lower. Foreign investors have...

There are a few currencies to get to grips with in Mecha Break, but once you understand what each does, they are pretty easy to understand. The three currencies in Mecha Break are Corite, Matrix Credit, and Merit Points, and each does different things. In this guide, we will show you how to obtain and use Corite, Matrix Credit, and Merit Points in Mecha Break. CoriteThere isn't a set-in-stone method of getting Corite. However, the best way to obtain it is through the daily code drop in the Mecha Break...

Mumbai: Non-bank lenders and companies could spend less on foreign-currency loans as the Reserve Bank of India's (RBI) $15-billion dollar-rupee swaps, aimed at boosting domestic liquidity, have also helped reduce the benchmark rate used to price currency risks in the country. The Mumbai Interbank Forward Offer Rate (MIFOR), which gauges currency risk when Indian companies bring dollar funds into India, has fallen over the past month after the RBI bought dollars from banks with an agreement to sell them back three years later, indicating the central bank is ready to...

US President Donald Trump’s latest accusation of China’s trade advantage via yuan depreciation suggests his sights are set on reducing the US trade deficit, according to analysts who also noted that a priority of China’s central bank is stabilising the currency against the backdrop of a strong dollar and mounting tariff risks.They contended that Trump’s warning on Monday – that China and Japan “can’t continue to reduce” their currencies because it is “unfair” to the US – clashes with Beijing’s actual efforts to prevent a sharp yuan depreciation. Japan also...

Economic uncertainty across the globe has led to fluctuations in the currency markets, and there is still no clear understanding among analysts regarding which currencies are likely to become stable haven assets. Recent events, including the US tariff wars with Canada, Mexico, and China, the pause in American military aid to Ukraine, and changing global defense spending priorities, have only made the situation worse, as per CNBC. These factors are being watched very closely by market participants to see how they will impact foreign exchange rates in the coming months.British...

Alden Bentley, Harry Robertson and Ankur Banerjee  |  ReutersTrump doubles tariffs on China; China retaliates with tariffs on US goodsUnited States President Donald Trump doubled the tariff on Chinese imports, bringing that rate to 20%. China retaliated by announcing 15% tariffs on various imports from the US.Fox - SeattleThe dollar fell to a three-month low on Tuesday as concerns about slowing growth and the impact from tariffs on the U.S. economy outweighed any potential boost from new levies on Canada, China and Mexico.President Donald Trump's 25% tariffs on goods from Canada and Mexico took effect Tuesday, along with a doubling of duties on Chinese goods to 20%.In response, China said it will...

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Investors are starting to imagine a financial system without the US at its centre, handing Europe an opportunity that it simply must not miss.This exercise in thinking the unthinkable comes despite a cacophony of noise in markets. Mansoor Mohi-uddin, chief economist at Bank of Singapore, recently travelled to clients in Dubai and London. To his surprise, not one of them asked him about short-term issues like tech stocks or tweaks to interest...