Currencies

₹500 notes remain dominant, accounting for 40.9% of the total volume and 86% by value The printing cost of currency notes has surged by around 59 per cent over the last five years, while the supply has increased by around 36 per cent, the Reserve Bank of India’s annual report revealed.According to the report, expenditure on printing notes was over ₹4,000 crore in FY21, which surged to over ₹6,300 crore, showing a growth of 58.8 per cent. During this period, the supply of notes went up to 3,030 crore pieces...

Indian Rupee posts modest gains in Friday’s early European session. The downbeat US economic data and uncertainty of Trump's policies weigh on the US Dollar. Traders brace for India’s Q1 GDP and US April PCE inflation reports, which are due later on Friday.The Indian Rupee (INR) gains ground on Friday, snapping the three-day losing streak. The downbeat US economic data and concerns that a US court ruling would change the outlook for US tariffs undermine the US Dollar (USD). A decline in crude oil prices provides some support to the Indian currency,...

Asian currencies traded in tight ranges on Friday, while the U.S. dollar saw a modest rebound after a federal appeals court reinstated former President Donald Trump’s tariffs, reversing an earlier trade court decision. Investors now await the Personal Consumption Expenditures (PCE) price index— the Federal Reserve’s preferred inflation gauge—due later in the day, for further economic cues. Market sentiment remained cautious as U.S. Treasury officials confirmed a stall in trade talks with China, undermining optimism from earlier tariff de-escalation. The Japanese yen outperformed regional peers, rising 0.3% against the dollar,...

"The bigger issue is that we have had a lot of policy uncertainty which got going in the first quarter but really took off with Liberation Day and all the volatility around the tariffs in the first weeks of April which is after the Q1 GDP report period," says Arnab Das, InvescoWith the US GDP down 0.2%, are we seeing early signs of policy induced taxation risk according to you?Arnab Das: Look, there is an element of that. What happened to drag down GDP growth in the first quarter was...

Listen to article ISLAMABAD: The federal government and the central bank reiterated on Thursday that the use of crypto currencies was illegal and anyone dealing in these currencies was liable to be investigated by the Financial Monitoring Unit (FMU) and the Federal Investigation Agency (FIA). The statements were made by Federal Finance Secretary Imdad Ullah Bosal and State Bank of Pakistan (SBP) Executive Director Sohail Jawad during a meeting of the National Assembly Standing Committee on Finance. The development also came a day after the newly appointed Special Assistant to Prime Minister...

MUMBAI: The Indian rupee is poised to open higher on Friday, after the U.S. dollar’s rally, which was sparked by a U.S. court ruling on tariff policy, proved short-lived. The 1-month non-deliverable forward indicated a open in the 85.36-85.40 range, versus the previous session’s close of 85.5075. So far this week, the Indian currency has been in a 84.78 to 85.70 range and is on track for a marginal weekly decline. Indian rupee to open nearly flat, holds upper hand as dollar remains vulnerable The rupee “is in a space...

Indian Rupee posts modest gains in Friday’s Asian session. The downbeat US economic data and uncertainty of Trump's policies weigh on the US Dollar. Traders brace for India’s Q1 GDP and US April PCE inflation reports, which are due later on Friday.The Indian Rupee (INR) gains ground on Friday, snapping the three-day losing streak. The downbeat US economic data and concerns that a US court ruling would change the outlook for US tariffs undermine the US Dollar (USD). A decline in crude oil prices provides some support to the Indian currency, as...

BENGALURU: Asian currencies traded lower on Thursday as the dollar strengthened after a US trade court halted the implementation of President Donald Trump’s “Liberation Day” tariffs. The MSCI index of emerging market currencies was down 0.2%. The Singapore dollar dropped as much as 0.7% to its lowest point in more than a week, while the Malaysian ringgit and the Thai baht fell 0.4% each. The Court of International Trade ruled that Trump overstepped his authority by imposing across-the-board duties on imports from nations that sell more to the United States...

NEW YORK/SINGAPORE, May 29 (Reuters) - Wall Street displayed resilience on Thursday, maintaining its gains amidst fresh tariff turmoil. A federal appeals court reinstated President Donald Trump's tariffs, a day after a trade court blocked most of them from going into effect, yet the S&P 500 held firm.The dollar on the other hand weakened against safe-haven currencies like the yen and Swiss franc, as investors tussled with the uncertainty and volatility the tariffs have reintroduced. Markets seem poised to navigate this unclear terrain, characterized by the back-and-forth nature of...