Currencies

External Affairs Minister S Jaishankar, during his visit to the UK, addressed global economic concerns including the US dollar’s role, BRICS' position on de-dollarisation, and the internationalisation of the Indian rupee. He dismissed speculation that India aims to replace the US dollar, stating the dollar remains essential for global stability. Jaishankar clarified that BRICS lacks a unified stance on de-dollarisation. While rejecting de-dollarisation, he highlighted India's efforts to expand the global use of the rupee, establishing mechanisms with countries facing hard currency shortages. Jaishankar also underlined India's positive relations with...

External Affairs Minister S Jaishankar reaffirmed India’s stance on the US Dollar, stating that the country has no intention of undermining its role in international trade. This comes as discussions intensify within the BRICS bloc, with nations like Russia, China, and Brazil exploring alternatives to reduce reliance on the US Dollar.Speaking at the Chatham House in London on Wednesday, Jaishankar responded to questions about the future of the dollar, saying, “Regarding the role of the dollar, we are realistic. We have no issue with the dollar, and our relations with...

Amid threats from US President Donald Trump, External Affairs Minister S Jaishankar has refused any plan of de-dollarisationread moreAmid threats from US President Donald Trump, External Affairs Minister S Jaishankar has downplayed talks around dedollarisation and has instead backed the internationalisation of the Indian rupee.At a discussion hosted by the think tank Chatham House during his visit to the United Kingdom, Jaishankar said that India does not have any commitment to dedollarisation and there is no unanimous position on the same in Brics.“I don’t think there’s any policy on our...

Aptos (APT) surged over 12% on Wednesday following asset manager Bitwise's filing for an Aptos exchange-traded fund (ETF) with the Securities & Exchange Commission (SEC). Bitwise S-1 filing with the SEC shows that the asset manager seeks to list and trade Aptos on a public stock exchange. This marks the first attempt to launch an APT ETF in the US. Ethereum (ETH) is up on Wednesday after developers fixed issues with the Pectra upgrade's deployment on the Sepolia testnet. The top altcoin aims to hold the $2,200 support level amid negative sentiments from...

External Affairs Minister S Jaishankar spoke at an event hosted by Chatham House in collaboration with the High Commission of India in the UK, where he discussed India’s growing role in global affairs.read moreExternal Affairs Minister S Jaishankar addressed the audience at an event hosted by Chatham House in collaboration with the High Commission of India in the UK and discussing India’s evolving role in global affairs.He participated in an insightful discussion with Bronwen Maddox, Director and Chief Executive of Chatham House. The conversation addressed India’s evolving foreign policy, regional...

05 de março de 2025, 22:21 hCompartilhe no BlueskyCompartilhe no ThreadsApoie o 247Siga-nos no Google News247 - The Brazilian real recorded the best performance among the world's major currencies against the dollar this Wednesday (5), appreciating by 2.72%. This movement reinforces that the supposed "fears" regarding the generation of formal jobs in Brazil in January and the ministerial reform of Lula’s government were, at the very least, exaggerated — and, at most, a strategy of financial terrorism.Moreover, the central government achieved a primary surplus of R$ 84.882 billion in January,...

Is the dollar the right answer for the region?  During his campaign, Argentine President Javier Milei promised to close the country’s central bank and adopt the dollar as the country’s currency. Once elected, he changed his strategy. The natural dollarization approach involves restrictions on the supply of pesos, forcing Argentines to use their dollar reserves to pay for everyday expenses. With the peso stabilized, inflation reached 117% in December 2024, down from 292% from the year’s high in April, and the use of the dollar is expected to increase, including...

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,...