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China wants to ban Bitcoin for wasting resources
Fri, Apr 12, 2019
Bitcoin, the digital currency may be considered as revolutionary for the economies but China thinks otherwise. The country is proposing to ban the practice of mining the cryptocurrency for wasting resources. The National Development and Reform Commission, the country's chief planning regulator, is proposing to ban Bitcoin mining, which it says has seriously wasted resources, Engadget reports.
What lies ahead for Rupee? Lok Sabha election, RBI, Indian markets to decide
Wed, Mar 27, 2019
Earlier CLSA pointed that, rupee has gained 7% from its all-time lows made in October 2018.
Did you come across Re 1, Rs 2, Rs 5, Rs 10 fake coins? This is how you can detect real one
Sat, Mar 09, 2019
Many news agencies have reported about Rs 5 and Rs 10 fake coins circulation as well.
Zimbabwe plans new currency as dollar shortage bites: Finance Minister
Sat, Jan 12, 2019
The southern African nation abandoned its own hyperinflation-wrecked currency in 2009 at the height of an economic recession, adopting the greenback and other currencies including sterling and the South African rand .
From Demonetisation low, currency with public doubles, hits record at over Rs 18 lakh cr
Sun, Jun 10, 2018
Currency with the public has reached a record high level of over Rs 18.5 lakh crore, more than double from a low of about Rs 7.8 lakh crore it had hit post-demonetisation decision in late 2016, as per RBI data.
Asia shares near decade highs, currencies tread water
Mon, Nov 06, 2017
Asian shares hovered near decade highs on Monday as strong U.S. economic data and corporate earnings supported global stocks while major currencies held in tight ranges as investors focussed on U.S. President Donald Trump`s tour of Asia this week.
RBI introduces new Rs 50 banknote; here’s what they look like
Fri, Aug 18, 2017
Central bank confirms it will be rolling out new Rs 50 notes.
Can bitcoins be a safe haven for investors in troubled times around the world?
Thu, Jun 01, 2017
The value of the bitcoin has more than doubled over the last 5 months mainly due to insecurities around the US President Donald Trump and the controversies surrounding his government.
New one rupee notes to be in circulation soon
Tue, May 30, 2017
New one rupee notes with predominantly pink-green on obverse and reverse in combination with other colours will be soon put into circulation.
Facing election defeat, France's Le Pen flip-flops on euro
Mon, May 01, 2017
Voter surveys show Macron winning next Sunday with 59-60 percent of the vote, and Le Pen`s plans to quit the EU and the euro are among the least popular policies in her protectionist, anti-immigration electoral platform.
India's December external debt falls to $456.1 billion: Govt
Fri, Mar 31, 2017
India`s end-December external debt fell by $29 billion to $456.1 billion from end-September, largely driven by a decline in long-term debt, the finance ministry said on Friday. The fall in Non-resident Indian deposits reflected Foreign Currency Non-Repatriable (B) deposits redemption.
How long will the Indian Rupee appreciate for?
Tue, Mar 28, 2017
As per Nirmal Bang Research, RBI intervention is decreasing as forex market turnover has more than trebled in past decade indicating INR to be more market-determined or more sensitive to foreign portfolio flows.
Plastic Rs 10 notes to be out on 'field trial' in five locations in India: Govt
Fri, Mar 17, 2017
The government of India on Friday announced a field trial with plastic banknotes at five locations of the country.
Dollar crunched, bonds boosted as Fed goes gradual
Thu, Mar 16, 2017
"The Fed makes the world safe for risk until June," said CitiFX strategist Steven Englander. "Buy emerging market FX, equities, commodities."
Blockchain technology to move beyond bitcoins and cryptocurrencies
Thu, Jan 19, 2017
Blockchain technology came about initially as a way to verify bitcoin transactions online and to enable two parties to transact business without having to know or trust each other.
India's first International Exchange at GIFT city to start trading from January 16
Fri, Jan 13, 2017
Trading on the new India International Exchange at Gujarat International Finance Tec-City (GIFT city) will begin from January 16, Monday in equity, currency and interest rate derivatives to start with, a top company official said.
TCS Q2 result: Shares drop over 1%; What to expect?
Thu, Oct 13, 2016
TCS is estimated to report 2.4% growth in c/c and cross-currency impact of 90 bps. Also, cross-currency headwind from 13% exposure to GBP (depreciated 8.5% versus US$) will be partly offset by about 4% exposure to Japanese yen (appreciated 5% versus US$).
Asia stocks weak, dollar shines as rate view unchanged; China eyed
Thu, Oct 13, 2016
Asian stocks held near three-week lows and the greenback consolidated recent gains on Thursday after minutes of the last U.S. Federal Reserve policy meeting indicated a December rate increase was still on the cards.
IMF includes China's yuan in elite club of reserve currencies
Sat, Oct 01, 2016
The yuan joins the US dollar, the euro, the yen and British pound in the IMF's special drawing rights (SDR) basket, which determines currencies that countries can receive as part of IMF loans.
Will Brexit impact Indian exports?
Mon, Jun 27, 2016
Federation of Indian Export Organisations on Indian Express reported, that India’s export will face pressure led by currency volatility post Brexit decision in the immediate future as both British Pound and Euro will depreciate, giving greater competitiveness to their products.