Currencies

The Hyperion Ray, a 650-foot long vehicle cargo ship, entering the Columbia River from South Korea to deliver cars to Portland. Photo: Jeffrey St. Clair. With Trump threatening to impose big taxes (tariffs) on imports from all our major trading partners, many people are desperate to find some grand scheme that would justify this seeming absurdity. Just to be clear, as economic policy, Trump’s tariffs are absurd. There can be arguments for tariffs as part of an industrial policy that tries to foster certain industries considered strategic. This was the...

The US Securities and Exchange Commission (SEC) is considering classifying XRP as a commodity in its ongoing settlement talks with Ripple Labs. The SEC is considering classifying XRP as a commodity in its ongoing settlement talks with Ripple Labs. According to FOX correspondent Charles Gasparino, the US securities regulators are using Ether as a benchmark in order to build a case for either classifying XRP as a commodity or maintaining its current classification.  Ethereum developers announced on Thursday that they will launch a new testnet, "Hoodi," to enable validators and infrastructure providers...

Gold prices remained broadly unchanged in India on Friday, according to data compiled by FXStreet. The price for Gold stood at 8,361.12 Indian Rupees (INR) per gram, broadly stable compared with the INR 8,358.71 it cost on Thursday. The price for Gold was broadly steady at INR 97,522.43 per tola from INR 97,496.98 per tola a day earlier. Unit measure Gold Price in INR 1 Gram 8,361.12 10 Grams 83,613.91 Tola 97,522.43 Troy Ounce 260,053.80   Daily digest market movers: Gold price soars unfazed by a strong US Dollar The...

The decision of the Tamil Nadu government to replace the universally recognised symbol of Indian currency Rs  with the Tamil letter Ru has stirred a hornet’s nest across the country if the initial reactions are any indication. But even DMK persons are of the view that Chief Minister MK Stalin’s new found passion for Tamil language is to make the Centre to use Article 356 in order dismiss the democratically elected government so that the party could romp home with increased majority in the 2026 Assembly election based on the...

By Chibuike Oguh and Lucy RaitanoNEW YORK/LONDON (Reuters) – The U.S. dollar rose against major currencies including the Swiss franc and the euro on Thursday but still remained under pressure from concerns arising from slowing economic growth and global trade quarrels. U.S. President Donald Trump threatened to impose a 200% tariff on wine, cognac and other alcohol imports from Europe, opening a new front in a global trade war that has roiled financial markets and raised recession fears. Trump had also on Wednesday threatened to retaliate against the EU’s announcement...

Bollywood — the term used to describe the Hindi film industry — has become a massive force in the global travel industry, helping make destinations featured on the silver screen tourist attractions, a subject we examined recently. Ahead of next week's Skift India Forum, Editor-in-Chief Sarah Kopit and Head of Research Seth Borko discussed Bollywood's outsized influence on Indian tourism and other topics related to the sector with MakeMyTrip Chief Marketing and Business Officer Raj Rishi Singh. Listen Now 🎧 Subscribe Apple Podcasts | Spotify | YouTube | RSS Key Points The Power of Bollywood in Indian Culture: Movies,...

(Bloomberg) -- India’s dollar stockpile had its biggest weekly gain in over three years, bolstered by the Reserve Bank of India’s currency swap operations last month.Foreign exchange reserves grew by $15.3 billion to nearly $654 billion in the week to March 7, data released on Thursday showed. That is the highest weekly gain since Aug. 27, 2021, according to Bloomberg-compiled data.This comes after the central bank injected $10 billion through a foreign-exchange swap auction on Feb. 28, stepping up efforts to ease a cash crunch in the financial system. The...

(Bloomberg) -- India’s dollar stockpile had its biggest weekly gain in over three years, bolstered by the Reserve Bank of India’s currency swap operations last month.Foreign exchange reserves grew by $15.3 billion to nearly $654 billion in the week to March 7, data released on Thursday showed. That is the highest weekly gain since Aug. 27, 2021, according to Bloomberg-compiled data.This comes after the central bank injected $10 billion through a foreign-exchange swap auction on Feb. 28, stepping up efforts to ease a cash crunch in the financial system. The...

PRESIDENT DONALD Trump’s bullying of America’s allies and neighbours may appeal to the maga base. Unfortunately, investors feel otherwise. Confidence in the prospects for the American economy has been sapped and financial markets are sinking. The S&P 500 index of American stocks has dropped by 9% since its peak in February. Because Mr Trump’s on-again, off-again protectionism defies logic, their faith in his administration’s ability to steer the economy is evaporating. It is the same with the dollar. As Mr Trump has threatened tariff after tariff, it has fallen, dropping...

The logo carried ‘ru’, the first letter of the Tamil word 'Rubaai' which denoted the Indian currency in the vernacular language. TN Finance Minister Thangam Thennarasu is scheduled to table the Budget for the 2025-26 on March 14 Published Date - 13 March 2025, 02:51 PM Tamil Nadu Chief Minister MK Stalin Chennai: The DMK government in Tamil Nadu on Thursday released the logo for its Budget for the year 2025-26, which interestingly replaced the Indian Rupee symbol with a Tamil letter. The move saw the...