Explainer: Why the rupee is hitting fresh lows – Economy News
By Saumitra Bhaduri The rupee has hit new lows, underperforming many Asian peers. A mix of global dollar dynamics and...
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Moody’s keeps India’s rating steady at Baa3, highlights growth and fiscal balance – Firstpost
Amid improving fiscal trends, Moody’s Ratings has reaffirmed India’s long-term local and foreign-currency issuer ratings, along with its local-currency senior...
Sitharaman says Indian currency is ‘not weakening’ – Firstpost
Finance Minister Nirmala Sitharaman stressed that the rupee remains stable against most global currencies, noting that its recent movements against...
RBI cutbacks in US treasury bills signal diversification push – Firstpost
India is reducing US Treasury holdings and adding gold to diversify reserves and lessen reliance on the dollarIndia’s central bank...
South Korea’s Lee and US President Trump to hold summit on security alliance and economy, World News
SEOUL — South Korean President Lee Jae-myung and US President Donald Trump will hold their first summit meeting on August...
Emerging Asia turns away from dollar as confidence in US fades – Firstpost
The US dollar, long considered the cornerstone of international finance, appears to be losing its lustre in Asia, as countries...
Good time for Asian currencies as US dollar suffers worst slump since 1973 – Firstpost
The US dollar has recorded its steepest half-year drop since 1973, plunging 10.7 per cent in the first half of...
Trump overhypes $5 trillion in private US investments pledges
But like some other “Trump effect” investments, Trump doesn’t deserve all the credit.TSMC said it had already spent $65 billion in Arizona over the past five years to build two fabrication facilities on its sprawling Phoenix campus and was weeks from breaking ground on a third after the Biden administration gave it a $6.6 billion grant from the 2022 CHIPS and Science Act last year. Senator Mark Kelly, an Arizona Democrat, told the Globe that the company had showed him plans to expand to six so-called fabs a couple of...