Dollar

Euro Rises Despite Political Turmoil In France; Bitcoin Breaks $100,000

The euro strengthened on Thursday, buoyed by resilience in the market despite the anticipated collapse of the French government. Bitcoin, meanwhile, soared past the $100,000 mark for the first time ever, while the yen gained momentum ahead of the Bank of Japan’s decision on December 19. Bitcoin, the world’s leading...

BRICS Summit 2024: Putin’s Strategic Showcase Amidst Global Tensions

As the world watches, Vladimir Putin hosts the 2024 BRICS Summit, bringing together prominent leaders like Xi Jinping and Narendra Modi for a pivotal gathering that transcends mere diplomacy. With 36 nations participating, this summit represents not just a show of strength but a strategic maneuver in the wake of...

Record High; Sensex At 85,100, NiftyTests 26,000

The Indian equity benchmarks, BSE Sensex and Nifty 50, were trading higher on Tuesday afternoon, having adjusted from the fresh all-time highs they reached earlier in the day. As of 2:00 PM, the BSE Sensex was up 90 points (0.11%) at 85,018, while the Nifty 50 had gained 27 points...

China FX Reserves RiseTo Highest Level Since 2015 In August

China's foreign exchange reserves rose to the highest level in more than 8-1/2 years in August, official data showed on Saturday, thanks largely to a broadly weaker US dollar. The country's foreign exchange reserves - the world's largest - grew by $31.8 billion to $3.288 trillion last month, booking the...

A step closer to internationalization of the rupee

The Reserve Bank of India has approved the opening of 60 special rupee Vostro accounts in 18 countries The Indian rupee is now edging closer to becoming an international currency with more and more countries working to de-dollars global trade. Several nations have now expressed interest in facilitating international trade...