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With gold and other assets accounting for a growing share of reserves, India’s strategy echoes steps taken by bigger holders such as China. (AI image) In a big shift for one of the top five largest economies, India’s holdings of US Treasuries have seen a drop, sliding to the lowest level in five years. The…
Rupee continued its upward rally on Friday, rising 17 paise to 91.41 against the US dollar in early trade. This comes after US President Donald Trump softened his stance on tariff threats against Europe over Greenland, easing fears of another trade war. Forex traders said that the US President’s change in stance lowered near-term geopolitical…
The rupee recovered 15 paise on Thursday, strengthening to 91.50 against the US dollar in early trade, rebounding from its all-time low levels touched in the previous session. The recovery was supported by improved risk appetite after US President Donald Trump said he had no intention of imposing tariffs on Europe over Greenland, easing geopolitical…
Rupee hit a new low on Wednesday, falling 23 paise to reach 91.20 against the US dollar in early trade, extending its downward streak. Earlier on Tuesday, the currency had closed at a record low of 90.97, down 7 paise amid strong demand for dollars from metal importers and continued foreign fund outflows that weighed…
Representative image (AI-generated) The Indian rupee weakened by 7 paise on Tuesday, closing at a record low of 90.97 against the US dollar. This comes as strong dollar demand from metal importers and continued foreign fund outflows weighed on investor sentiment.Forex traders said that the rising geopolitical uncertainties, including fresh US expansionary signals, have increased…
Bill Gates’ charitable foundation, Gates Foundation Trust holds hundreds of millions of dollars in fossil fuel extractors, said Guardian. The trust invested $254m in companies that extract fossil fuels such as Chevron, BP and Shell, according to end-of-year filings as quoted in the report. The investment marked a nine year high and was 21% up…
Rupee continued to fall on Tuesday, slipping 8 paisa in early trade, to reach 90.98 against the US dollar.The currency had already taken a heavy hit earlier on Monday, breaching the crucial 91.01 mark before closing 12 paise lower at 90.90 against the dollar. The dip came due to strong dollar demand from metal importers…
The rupee weakened for the fourth straight session on Monday, breaching the 91-per-dollar level for the second time in a month before closing 14 paise lower at 90.92 (provisional) against the US dollar, pressured by sustained foreign fund outflows and risk aversion linked to global trade uncertainties, dealers said.At the interbank foreign exchange market, the…
Rupee extended its losing streak for a third consecutive session on Friday, slipping 10 paise to 90.44 against the US dollar. Persistent foreign fund outflows, and a stronger greenback, continued to drag down the domestic currency. In early interbank trade, rupee opened at 90.37 before drifting further to 90.44, down from its previous close. Earlier…
Rupee started Wednesday on a weak note but recovered to gain 11 paise against the US dollar in early trade, buoyed by easing crude oil prices and a softer US currency in overseas markets. In the interbank foreign exchange market, the domestic unit opened weaker at 90.26 against the greenback but soon inched higher touching…
