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China's yuan will take over as Russia's main trade currency 'once and for all' as US sanctions get tighter, think tank says

Ruble volatility will get worse in Russia amid fresh US sanctions, but this offers a way for the Ch…

Filip De Mott   


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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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Rupee recovers 5 paise from all-time low to 83.65 against US dollar in early trade

At the interbank foreign exchange market, the local unit opened at 83.66, and touched an early …

PTI   


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India's forex reserves hit record $666.85 billion, driven by surging gold and foreign currency assets

India's foreign exchange reserves have surged to a record high, reaching a new peak of $666.85 bill…

ANI   


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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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India is most favoured nation for investment, with growth safety and stable currency, says Piyush Goyal

Invoking the Indian business community to invest in India, Union Minister for Commerce and Industry…

ANI   


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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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Trump's tough trade stance could undercut his plans for a weaker dollar

Trump wants both trade barriers and a weaker dollar. But raising tariffs typically creates a strong…

Filip De Mott   


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Wipro shares tank nearly 9% after earnings announcement

At the NSE, it tumbled 8.79 per cent to Rs 508.20 apiece. Wipro on Friday posted a 4.6 p…

PTI   


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Wipro Q1FY25 results: Net income jumps 4.6% YoY to Rs 30 billion, operating margin at 16.5%

At 34% of the total quarterly revenue, banking, financial services & insurance was the company's bi…

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Infosys market valuation jumps by Rs 20,843 crore after earnings announcement; Shares climb nearly 5%

The Infosys stock has emerged as the biggest gainer among the BSE Sensex and NSE Nifty firms.

PTI   


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PIMCO economist says fears of a US debt crisis are overblown - for now

"Previous episodes when federal interest payments (as a proportion of total outlays) reached simila…

Filip De Mott   


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Rupee falls 17 paise to close at 83.60 against US dollar

The rupee depreciated 17 paise against the US dollar and settled at 83.60 (provisional) on Wednesda…

PTI   


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Gold rallies Rs 550; silver jumps Rs 400 amid strong global cues

Gold prices rallied by Rs 550 to Rs 75,700 per 10 grams in the local market on Tuesday on the back …

PTI   


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How a Trump 2.0 presidency could threaten dollar dominance, according to a think tank

Trump's proposed policies risk eroding the dollar's dominant position, Mark Sobel of OMFIF says.

Filip De Mott   


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HCL Tech Q1 results: Company reports better than expected results, revenue jumps 6.7% YoY

In FY25, the company expects its revenue growth to be in the range of 3-5% on a year-over-year basi…

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Stock market 12 July: Sensex inches up over 80k, LTI Mindtree, Tata Steel, BPCL take early lead

LTI Mindtree took a significant lead of over 2% in early morning trade. Tech Mahindra, Tata Steel, …

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Stock market closes flat after volatile trading on Thursday

Market sentiment on Thursday was subdued as investors awaited the first-quarter results of TCS and …

ANI   


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Russian FX trading is almost entirely in yuan as sanctions restrict dollar use

The Chinese yuan takeover comes after sanctions halted trading in the dollar and euro.

Filip De Mott