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US-based Coinbase, an online platform for buying, selling, transferring and storing cryptocurrency, has registered with India’s Financial Intelligence Unit (FIU) to offer crypto trading services in India. The company plans to launch its initial retail services later this year, followed by additional investment and products in India thereafter.In a company blogpost, John O’Loghlen, Regional Managing Director for APAC at Coinbase shared, “We’re committed to building in markets that believe in the potential of crypto and onchain innovation. India represents one of the most exciting market opportunities in the world today,...

India has "absolutely no interest" in undermining the US dollar, and its fellow members of the Brics grouping of emerging economies have not formed a unified position on a proposed alternative payment system, according to New Delhi's foreign minister.Speaking at the London-based think tank Chatham House last week during a six-day visit to Britain and Ireland, Subrahmanyam Jaishankar described the dollar as a "source of international economic stability".His comments followed repeated warnings from US President Donald Trump against any efforts by Brics - an acronym of founding nations Brazil, Russia,...

Gold prices rose in India on Tuesday, according to data compiled by FXStreet. The price for Gold stood at 8,136.41 Indian Rupees (INR) per gram, up compared with the INR -0.03 it cost on Monday. The price for Gold increased to INR 94,901.45 per tola from INR 94,612.61 per tola a day earlier. Unit measure Gold Price in INR 1 Gram 8,136.41 10 Grams 81,347.34 Tola 94,901.45 Troy Ounce 253,060.20   Daily digest market movers: Gold price retreats amid falling US yields The US 10-year Treasury bond yield dropped nearly...

India's foreign exchange reserves slumped in the week that ended on February 28, as per the latest RBI data. In the week under consideration, the foreign exchange reserves declined by $1.781 billion to $638.698 billion. 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 $704.89 billion in September. They are now about 10 percent lower from their peak. The decline in reserves...

India has witnessed a sharp rebound in agri foodtech spending during 2024 with investments rising 215 per cent to $2.6 billion, as per venture capital firm AgFunder’s latest Global Agrifoodtech Investment Report 2025. During the year, the global agri foodtech showed some signs of recovery in 2024, reaching $16 billion in funding, just a 4 per cent drop from 2023.AgFunder said the increased investment in developed markets such as the US and Netherlands, and developing nations such as India during 2024, hint at better days to come. But no one’s...

India's forex reserves declined by USD 1.781 billion to USD 638.698 billion in the week ended February 28, according to the Reserve Bank of India (RBI). Foreign currency assets and gold reserves saw a decrease.Mumbai, Mar 7 (PTI) India's forex reserves dropped by USD 1.781 billion to USD 638.698 billion in the week ended February 28, the RBI said on Friday.The overall forex kitty had jumped by USD 4.758 billion to USD 640.479 billion in the previous reporting week.At the end of September 2024, the forex reserves touched an all-time...

Gold prices fell in India on Friday, according to data compiled by FXStreet. The price for Gold stood at 8,145.09 Indian Rupees (INR) per gram, down compared with the INR 8,153.50 it cost on Thursday. The price for Gold decreased to INR 95,002.70 per tola from INR 95,100.79 per tola a day earlier. Unit measure Gold Price in INR 1 Gram 8,145.09 10 Grams 81,450.88 Tola 95,002.70 Troy Ounce 253,339.80   Daily Digest Market Movers: Gold price traders keenly await the US NFP report before placing fresh directional bets Mounting...

The issue of gold smuggling has once again come to the forefront with the recent arrest of Kannada actress and daughter of a Karnataka IPS officer, Ranya Rao. Rao was apprehended by the Directorate of Revenue Intelligence (DRI) with 14.8 kg of gold hidden in her body, sparking renewed attention on the ongoing problem of illegal gold smuggling into India. As reports of gold smuggling incidents flood the news, even ordinary international travellers have begun expressing concerns over the legal limits of gold and cash they can carry while travelling...

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...

For President Donald Trump, the Taiwan Semiconductor Manufacturing Co.’s $100 billion investment in U.S. chip manufacturing represented “a tremendous leap—like, a leap that nobody would have really said was possible.” But TSMC’s $100 billion is just a small part of the at least $3 trillion in investments and trade commitments the Trump administration has racked up in just six weeks since Inauguration Day. The $3 trillion of investment and trade commitments with the United States involve key allies, such as India and Japan, and major players in the private sector—Apple...