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Russia is doubling down on its de-dollarization efforts as Putin calls to reduce use of 'toxic' currencies

Russia's use of "toxic" currencies has been slashed in half over the past year, Putin said.

Jennifer Sor   


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2 mins read

De-dollarization is 'a myth,' and there's no big shift taking place away from the US currency, commodities expert says

Practically no one is phasing out the dollar in trade or in foreign reserves, one leading commoditi…

Jennifer Sor   


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How Argentina's inflation fight made the peso the strongest currency in the world

Javier Milei's measures to tame Argentina's inflation have boosted the peso to the top, rising 25% …

Filip De Mott   


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These 5 global currencies have tumbled this year as delayed rate cuts have supercharged the dollar

The US dollar index is trading at a six-month high as hopes of a Fed rate cut fade, and it's come a…

Filip De Mott   


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Rupee opens flat against US dollar in early trade

At the interbank foreign exchange market, the local unit moved in a narrow range. It opened at …

PTI   


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1 min read

RBI to allow opening of rupee account outside India

The RBI said it has finalised a strategic action plan for 2024-25 and envisaged liberalisation …

PTI   


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What the US can do to halt de-dollarization, according to one think tank expert

Although de-dollarization is a distant threat, the US has options to keep the movement from growing…

Filip De Mott   


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The biggest threat to the dollar isn't other countries but America's own dysfunction, think tank experts say

Although some foreign economies are trying to de-dollarize, US domestic instability is the real thr…

Filip De Mott   


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Rupee opens on flat note against US dollar in early trade; Underperformance partly due to election worries

The rupee opened on a flat note against the US dollar in early trade on Friday, weighed down by a n…

PTI   


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De-dollarized payment systems are cropping up. Here's why they're unlikely to dent greenback dominance.

"The emergence of the technological capacity to drive de-dollarisation does not necessarily mean de…

Filip De Mott   


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3 mins read

Bloodbath in Indian stocks as trends show below par show by BJP-led NDA; Sensex slumps over 4,000 points

Indian stock indices witnessed a bloodbath on the day the Lok Sabha results are being announced, wh…

ANI   


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India's forex reserves jump by USD 3.66 bn to USD 641.59 bn: RBI

For the week ended April 5, the reserves had hit an all-time high of USD 648.562 billion, follow…

PTI   


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Vladimir Putin takes aim at the US dollar's dominant position as the world's reserve currency

"To use the dollar as a tool of foreign policy struggle is one of the biggest strategic mistakes ma…

Matthew Fox   


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Sam Bankman-Fried has a new currency to trade in prison: rice

Sam Bankman-Fried has lost weight, Puck reported, and looks fitter, which may be partly because he …

Sarah Gray,Erin Snodgrass   


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Equity markets to track global cues; may witness gradual up-move ahead of Lok Sabha poll results: Analysts

Equity markets may witness a gradual up-move this week with some volatility as both election and ea…

PTI   


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China's quest to turn the yuan into a global currency isn't actually driven by domination. It's about sanctions.

In a recent global survey of 1,660 enterprises, many respondents said their trading partners were u…

Huileng Tan   


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The Fed's lack of innovation with the dollar means China, India, and others will dominate the digital currency race

US policymakers are miscalculating the resources it takes to keep up with rival digital currencies,…

Phil Rosen   


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Rupee declines 5 paise to 83.43 against US dollar in early trade

At the interbank foreign exchange, the domestic unit opened weak at 83.39 against the greenback and…

PTI   


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3 reasons the dollar can't be dethroned as the world's dominant currency, according to Morgan Stanley

The US dollar won't be displaced by any of its rivals anytime soon, Morgan Stanley said.

Jennifer Sor   


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In second consecutive week of decline, forex kitty drops $2.28 bn to $640.33 bn

In September 2021, the country's forex kitty had reached a high of USD 642.453 billion, which w…

PTI