Sabry said that the next few months will be difficult for Sri Lankans, reports Xinhua news agency.
April 24, 2022With 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, 2022Earlier the Sri Lankan rupee was pegged to the dollar at 200.
March 8, 2022Experts say this massive devaluation of currency under the PTI government fuelled inflationary pressures, adding that two major factors contributed.
December 7, 2021I 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, 2021Around 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, 2020India and the Maldives signed four agreements during Solih's visit last year.
July 23, 2019As 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, 2019All the sectoral indices on the BSE traded in the red except the IT and Teck stocks.
January 14, 2019Here 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 …
Continue reading "Currency, commodity and commerce"
November 12, 2018Xi 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, 2018The 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, 2018The 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, 2018The 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 …
Continue reading "Rupee rebounds 11 paise in opening trade"
January 12, 2018The 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 …
Continue reading "Chinese yuan weakens against US dollar"
January 10, 2018The 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 …
Continue reading "Rupee recovers 5 paise against US dollar"
January 10, 2018The 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 …
Continue reading "Rupee marginally up, trades at 64.02"
December 26, 2017