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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
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
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
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
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
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
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
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
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
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
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…
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
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
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
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
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
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…
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, …
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
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.