Currency Wars
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Iraq Bans 8 Local Banks From US Dollar Transactions
Iraq has banned eight local commercial banks from engaging in U.S. dollar transactions, taking action to reduce fraud, money laundering and other illegal uses of U.S. currency days after a visit by a top U.S. Treasury official.
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Rupee Has Weathered The Global Storm; Worst Largely Over: Report
The rupee has weathered a storm in the face of heavy selling by foreign institutional investors, monetary policy tightening by the US Fed, and the ongoing war in Ukraine which led to high international oil prices.
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How The Russia-Ukraine War Spooked Global Financial Markets: 10 Points
Over six months since Russia invaded Ukraine in what Moscow calls its "special military operation", the war has thrown global financial markets into severe turmoil as the charts below show.
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Russia Could Buy Yuan, Rupees, Turkish Lira For Rainy Day Fund
Russia is considering buying the currencies of "friendly" countries such as China, India and Turkey to hold in its National Wealth Fund (NWF), having lost the ability to buy dollars or euros due to sanctions, the central bank said on Friday.
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Forex Reserves Dive By $7.5 Billion As RBI Uses War Chest To Help Rupee
India's forex reserves fell by $7.5 billion as the Reserve Bank of India is using its war chest to limit the sharp decline and 'jerky movements' in the rupee.
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Why Indian Rupee Is Falling Against Dollar
This is why the rupee declined to an all-time low of 80 against the US dollar.
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Wall Street Titans Warn Of 3 Big Risks As Markets Flash Recession Warning
In a year in which Russia's invasion of Ukraine is sending shock waves through global politics and markets, inflation is soaring worldwide and supply chains are unraveling, the largest investors are assessing the long-term consequences of the events they didn't see coming.
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Rupee Hit New Record Lows 26 Times Since Ukraine War; Teetering Near 80 Per Dollar
The rupee is in for a rough ride ahead, with the next key psychological level of 80 per dollar almost a done deal after a blowout US inflation print, which will boost the already-rampant dollar further.
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Oil Prices Below $100 Per Barrel, A Day After Crashing 7% On Demand Worries
Oil prices fell below $100 per barrel in early Asian trading on Wednesday as US inventory data showed buildups in crude oil and refined products amid rising fears of a global economic slowdown.
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RBI Should Make A Conscious Effort To Internationalise Rupee: Report
The Reserve Bank of India (RBI) should make a conscious effort to internationalise the Indian currency rupee amid disruptions in payments caused by the ongoing Russia-Ukraine war, said SBI Research in a report on Thursday.
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Market Cues Point To More Pain Ahead For India Assets: Key Highlights
Indian equities and the rupee face more pain ahead after a broad and deep slump since the war on the edge of Europe as stagflation, which was considered a fallout of the Russia-Ukraine crisis, is fast becoming the baseline scenario.
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Rupee Weakens To All-Time Low, Trading Beyond 77.40 Per Dollar
The rupee hit all-time lows early on Monday, trading beyond 77.40 per dollar driven by investors' preference toward safety as lockdowns in China, war on the edge of Europe and fear about higher interest rates sent a nervous jolt through markets.
-
More Pain Ahead For Indian Assets As Stagflation Risks Turn Into Reality
Indian equities and the rupee face more tough times ahead after a broad slump since the war on the edge of Europe as stagflation, which was considered a threat and a fallout of the Russia-Ukraine crisis, is fast becoming a reality.
-
Euro Holds To 5-Year Low Amid Fed Rate Hike Expectations
The euro held close to a five-year low against the US dollar on Tuesday with the Federal Reserve expected to hike rates this week
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Russia-Controlled Ukraine Region To Start Using Ruble: Report Quoting Official
Ukraine's southern Kherson region will start using the Russian ruble from May 1, an official from a pro-Russian committee which styles itself as the region's "military-civil administration" told Russian news agency RIA.
-
Iraq Bans 8 Local Banks From US Dollar Transactions
Iraq has banned eight local commercial banks from engaging in U.S. dollar transactions, taking action to reduce fraud, money laundering and other illegal uses of U.S. currency days after a visit by a top U.S. Treasury official.
-
Rupee Has Weathered The Global Storm; Worst Largely Over: Report
The rupee has weathered a storm in the face of heavy selling by foreign institutional investors, monetary policy tightening by the US Fed, and the ongoing war in Ukraine which led to high international oil prices.
-
How The Russia-Ukraine War Spooked Global Financial Markets: 10 Points
Over six months since Russia invaded Ukraine in what Moscow calls its "special military operation", the war has thrown global financial markets into severe turmoil as the charts below show.
-
Russia Could Buy Yuan, Rupees, Turkish Lira For Rainy Day Fund
Russia is considering buying the currencies of "friendly" countries such as China, India and Turkey to hold in its National Wealth Fund (NWF), having lost the ability to buy dollars or euros due to sanctions, the central bank said on Friday.
-
Forex Reserves Dive By $7.5 Billion As RBI Uses War Chest To Help Rupee
India's forex reserves fell by $7.5 billion as the Reserve Bank of India is using its war chest to limit the sharp decline and 'jerky movements' in the rupee.
-
Why Indian Rupee Is Falling Against Dollar
This is why the rupee declined to an all-time low of 80 against the US dollar.
-
Wall Street Titans Warn Of 3 Big Risks As Markets Flash Recession Warning
In a year in which Russia's invasion of Ukraine is sending shock waves through global politics and markets, inflation is soaring worldwide and supply chains are unraveling, the largest investors are assessing the long-term consequences of the events they didn't see coming.
-
Rupee Hit New Record Lows 26 Times Since Ukraine War; Teetering Near 80 Per Dollar
The rupee is in for a rough ride ahead, with the next key psychological level of 80 per dollar almost a done deal after a blowout US inflation print, which will boost the already-rampant dollar further.
-
Oil Prices Below $100 Per Barrel, A Day After Crashing 7% On Demand Worries
Oil prices fell below $100 per barrel in early Asian trading on Wednesday as US inventory data showed buildups in crude oil and refined products amid rising fears of a global economic slowdown.
-
RBI Should Make A Conscious Effort To Internationalise Rupee: Report
The Reserve Bank of India (RBI) should make a conscious effort to internationalise the Indian currency rupee amid disruptions in payments caused by the ongoing Russia-Ukraine war, said SBI Research in a report on Thursday.
-
Market Cues Point To More Pain Ahead For India Assets: Key Highlights
Indian equities and the rupee face more pain ahead after a broad and deep slump since the war on the edge of Europe as stagflation, which was considered a fallout of the Russia-Ukraine crisis, is fast becoming the baseline scenario.
-
Rupee Weakens To All-Time Low, Trading Beyond 77.40 Per Dollar
The rupee hit all-time lows early on Monday, trading beyond 77.40 per dollar driven by investors' preference toward safety as lockdowns in China, war on the edge of Europe and fear about higher interest rates sent a nervous jolt through markets.
-
More Pain Ahead For Indian Assets As Stagflation Risks Turn Into Reality
Indian equities and the rupee face more tough times ahead after a broad slump since the war on the edge of Europe as stagflation, which was considered a threat and a fallout of the Russia-Ukraine crisis, is fast becoming a reality.
-
Euro Holds To 5-Year Low Amid Fed Rate Hike Expectations
The euro held close to a five-year low against the US dollar on Tuesday with the Federal Reserve expected to hike rates this week
-
Russia-Controlled Ukraine Region To Start Using Ruble: Report Quoting Official
Ukraine's southern Kherson region will start using the Russian ruble from May 1, an official from a pro-Russian committee which styles itself as the region's "military-civil administration" told Russian news agency RIA.
