Currencies

New Delhi , March 23 (ANI): India's foreign exchange reserves rose USD 305 million to USD 654.271 billion in the week that ended on March 14. The previous week witnessed the highest weekly gains in over three years. Prior to that, forex reserves had slumped for about four months, recently hitting an 11-month low. Then followed the latest rollercoaster movement, with gains some weeks and declines the next. Forex reserves started falling after touching an all-time high of USD 704.89 billion in September. They are now about 7 percent lower...

Hungarian Forint to British Pound Sterling HUF GBP 1 HUF 0.002107 GBP 5 HUF 0.010535 GBP 10 HUF 0.02107 GBP 25 HUF 0.052675 GBP 50 HUF 0.10535 GBP 100 HUF 0.2107 GBP 500 HUF 1.0535 GBP 1,000 HUF 2.107 GBP 5,000 HUF 10.535 GBP 10,000 HUF 21.07 GBP 50,000 HUF 105.35 GBP British Pound Sterling to Hungarian Forint GBP HUF 1 GBP 474.60844803 HUF 5 GBP 2,373.042240152 HUF 10 GBP 4,746.084480304 HUF 25 GBP 11,865.211200759 HUF 50 GBP 23,730.422401519 HUF 100 GBP 47,460.844803038 HUF 500 GBP 237,304.224015187 HUF 1,000 GBP...

Erode (Tamil Nadu), Mar 22 (PTI) Half a kilo of gold biscuits and 100 foreign dollars were seized from a passenger travelling on an omnibus in Chitode near Erode on Saturday morning, police said. Acting on a tip-off, police intercepted the Hyderabad-Coimbatore bus on the National Highway at Lakshminagar near Bhavani. During the search, they found the gold and foreign currency in a bag belonging to Pugazvasan from Singanallore in Coimbatore. He was taken into police custody along with his belongings, including three mobile phones and a laptop, police added....

Dubai is on the right track by adopting the digital currencies as the increasing number of firms taking benefits of simplifies global trade through digital coins. The recent approval of Circle Internet Group's USD Coin (USDC) and Euro Coin (EURC) as recognized crypto tokens in the Dubai International Financial Centre (DIFC) is a step ahead. This was stated by Lluis Mas, Chairman of Belobaba while talking to media in Dubai and added that “Dubai’s reputation as a global leader in blockchain and fintech adoption is strengthen as over 6,000 firms...

India has reaffirmed its engagement with BRICS while making it clear that it is not part of any initiative to undermine the US dollar. This comes in response to US President Donald Trump’s latest warning of a 100% tariff on imports from BRICS nations if they pursue a common currency.External Affairs Minister S. Jaishankar, in a statement to Parliament, emphasised India’s role as a founding member of BRICS, highlighting the bloc’s focus on inclusive global governance. However, he clarified that India does not support any move within BRICS to reduce...

When economists seek to account for the dollar’s outsize role as the only true global currency, they point to structural factors such as the US share of world GDP, or the depth and liquidity of US financial markets. This approach underlies the sanguine view of many financial market participants that, come what may, so long as the US remains the world’s leading economy, the dollar will remain its safe haven.The second Trump administration is a reminder that raw numbers can only take us so far. For as historians will tell...

Toncoin’s been cooking lately, and it’s got one of the biggest catalysts out there—Telegram. With nearly a billion users, Telegram rolling out Toncoin payments and services was a game-changer. After Pavel Durov’s travel clearance to Dubai, rumors exploded about more Toncoin integrations. The market noticed—TON pumped 18% overnight, hitting $3.58 with a 67% spike in Open Interest.The community’s bullish, and why not? TON sits comfortably between $2.40 and $3.00 support zones, with targets aimed at $3.80, $4.50, and $6 if this momentum keeps rolling. What’s crazy is the broader narrative....

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Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Global investors are pulling their money out of south-east Asia as concerns mount over the region’s largest economies and many traders rotate back into Chinese equities.Indonesia and Thailand, the region’s two biggest economies, have seen foreign equity outflows in the year to date, while their stock markets have been some of the worst performing this year.Indonesian stocks fell to their lowest in four years this week — though they have since recovered...

BENGALURU: Indonesian stocks slumped on Friday, bringing a bruising week to an end as concerns over the country’s fiscal health weighed, while most Asian currencies were on the defensive on trade war uncertainties. Jakarta stocks slipped 1.6% after a short-lived rebound from Tuesday’s sell-off, which triggered a trading halt. The benchmark stock index is down more than 11% for the year so far, making it among the worst performers in Asia. Investors’ confidence in Southeast Asia’s largest economy has been dwindling due to growing concerns over fiscal health, government policies...