Tag: Currency
17 Results
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Sri Lanka looks for foreign investors to stabilise currency
Sabry said that the next few months will be difficult for Sri Lankans, reports Xinhua news agency.
April 24, 2022 -
Russia’s currency bounces back after Moscow mandates payment for gas in gold-pegged ruble
With the aim of supporting the ruble, the Russian Central Bank announced pegging the currency with gold -- one gram of gold is currently pegged at 5000 ruble.
April 5, 2022 -
Sri Lanka allows currency to devalue
Earlier the Sri Lankan rupee was pegged to the dollar at 200.
March 8, 2022 -
One of the highest devaluations of Pak currency in Imran’s tenure
Experts say this massive devaluation of currency under the PTI government fuelled inflationary pressures, adding that two major factors contributed.
December 7, 2021 -
US, Vietnam reach agreement on currency after dispute
I believe the State Bank of Vietnam's attention to these issues over time not only will address Treasury's concerns, but also will support the further development of Vietnam's financial markets, said US Treasury secretary Janet Yellen
July 20, 2021 -
Traders fret about virus spread through notes
Around 220 persons have tested positive for the virus in North Dinajpur district so far. A 46-year-old Toto driver, a resident of Dakhin Birnagar in Ward 23, was tested positive yesterday.
June 13, 2020 -
India, Maldives ink currency swap accord
India and the Maldives signed four agreements during Solih's visit last year.
July 23, 2019 -
Facebook building its cryptocurrency in Switzerland: Report
As per a report, the Facebook cyrptocurrency would be tied to the US dollar and could, therefore, remain stable unlike Bitcoin which has crashed.
May 19, 2019 -
Equity indices open in red, Sensex down 170 points
All the sectoral indices on the BSE traded in the red except the IT and Teck stocks.
January 14, 2019 -
Currency, commodity and commerce
Here are a few queries of a layman after feeling the heat of ground-level “market economics”. The same market which is euphemistically referred to by (expert) economists thus: “let market determine such and such”. Can the real, practising economists kindly clarify a few concerns? The first relate to Vice-Chairman Niti Aayog’s recent views as reported …
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November 12, 2018 -
Chinese President admits ‘uncertainty’ in Country’s economy
Xi held the meeting amid signs that the world's second-largest economy is losing steam as it faces a trade war with the United States, a massive debt buildup and a weakening currency.
November 1, 2018 -
Weak dollar helps rupee gain 12 paise in early trade
The rupee strengthened by 12 paise to 67.21 against the dollar in early trade today on fresh selling of the US currency by exporters and banks amid higher opening in the domestic equity market.
May 14, 2018 -
US adds India to currency watch list with China
The US Treasury added India to its watch list of countries with potentially questionable foreign exchange policies, joining China and four others, according to a report issued on Friday.
April 14, 2018 -
Rupee rebounds 11 paise in opening trade
The rupee strengthened by 11 paise to 63.55 against the dollar in opening tradeon Friday on fresh selling of the US currency by exporters and banks. Forex dealers said a weak dollar in overseas markets on fears that a huge amount of foreign demand for American currency would dry up bolstered the rupee. On Thursday, the …
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January 12, 2018 -
Chinese yuan weakens against US dollar
The central parity rate of the Chinese currency, the renminbi or the yuan, weakened 239 basis points to 6.5207 against the US dollar on Wednesday, the lowest point in about two weeks. The softer rate came after drops in the offshore yuan against the dollar on Tuesday following rumours that the country’s central bank had …
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January 10, 2018 -
Rupee recovers 5 paise against US dollar
The rupee recovered by 5 paise to 63.66 against the dollar in early trade on Wednesday on mild selling of the US currency by exporters amid a higher opening in domestic equity markets. Currency traders said weakness in the dollar against major global currencies overseas supported the rupee. On Tuesday, the rupee had dropped sharply …
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January 10, 2018 -
Rupee marginally up, trades at 64.02
The rupee edged up 3 paise to 64.02 against the dollar on Tuesday as the US currency lost some muscle overseas. Exporters and banks stayed away from the American currency as capital inflows jumped. The dollar’s lustre dimmed against other currencies globally, which supported the local unit. In the opening session, the domestic unit was …
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December 26, 2017