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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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Russia Could Buy Yuan, Rupees, Turkish Lira For Rainy Day Fund: Report
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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Bitcoin Price Drops After Turkey Bans Cryptocurrency Payments Citing Risks
Bitcoin price dropped nearly 4 percent after Turkey announced a ban on the use of cryptocurrencies and crypto assets to purchase goods and services, citing possible "irreparable" damage and significant transaction risks.
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Sensex Sheds Over 250 Points, Financial Stocks Trade Weak
Asian markets were holding their nerve on Monday as a plunge in the Turkish lira tested risk appetite, with stocks and bonds showing only a limited bid for safe-havens
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Sensex, Nifty Likely To Have A Subdued Opening
Asian markets were holding their nerve on Monday as a plunge in the Turkish lira tested risk appetite, with stocks and bonds showing only a limited bid for safe-havens
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Rupee Depreciates Past 72 Against Dollar, Ends At Over 9-Month Low
The rupee on Monday declined by 36 paise and closed to an over nine-month low. The rupee opened lower at 72.03 and fell to an intraday low of 72.25 against the greenback. The rupee settled at 72.02 against the American currency. The depreciation in rupee was in line with weakness in currencies such as Turkish lira, Chinese yuan, and Australian doll...
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Rupee, Yuan Lead Gains As Risk Appetite Returns To Asian Markets
In Asia, emerging market currencies recovered from a widespread sell-off last week, brushing off the fallout from the collapse in Turkey's lira.
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Turkey Hits Back At US With Tariff Hikes On Alcohol, Cars
Turkey on Wednesday said it was hiking tariffs on imports of several key US products in retaliation for American sanctions against Ankara, as a bitter dispute between the two allies that sent the Turkish lira into freefall showed no sign of ending.
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Gold Prices Fall For Second Straight Day: 5 Things To Know
Gold prices fell for second straight day on Tuesday even as global prices of the yellow metal recovered from 17-month lows hit on Monday. Safe haven buying did not help lift gold prices, said experts. Strength in the dollar led to weakness in the rupee which hit an all-time low of 70.09 against the US dollar. There was a lot of economic turmoil aft...
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Rupee Falls Sharply To Close At Record Low Of 69.93 Against Dollar
The RBI is likely to assess the trend in the rupee against other emerging market currencies, say analysts.
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President Recep Erdogan Converts Own Assets Into Turkish Lira: Spokesman
President Recep Tayyip Erdogan converted all of his personal assets held in foreign currency into Turkish lira after he urged citizens to buy the embattled national currency and limit its losses, the presidential spokesman said Thursday.
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Free Weddings, Gravestones In Turks' Plan To Boost Lira
Convert your hard currency to Turkish lira and you could enjoy a free wedding package, a meal and a loaf of bread. Or even a gravestone.
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Turkey Wants Trade With China, Russia And Iran In Local Currencies: Recep Erdogan
Turkey is taking steps to allow commerce with China, Russia and Iran to be conducted in local currencies, President Tayyip Erdogan said on Sunday, the government's latest effort to shore up the tumbling lira.
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Coup Attempt Cost Turkish Economy 100 Billion Dollars
The failed bid to overthrow the government of President Recep Tayyip Erdogan has cost Turkey $100 billion (300 billion lira), according to Customs and Trade Minister Bulent Tufenkci.
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Europe Shares Fall, Turkish Assets Hit After Jet Shot Down
European shares followed Asian stocks lower on Monday while a slightly weaker dollar eased the pressure on beleaguered metals that held near multi-year lows.
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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.
-
Russia Could Buy Yuan, Rupees, Turkish Lira For Rainy Day Fund: Report
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.
-
Bitcoin Price Drops After Turkey Bans Cryptocurrency Payments Citing Risks
Bitcoin price dropped nearly 4 percent after Turkey announced a ban on the use of cryptocurrencies and crypto assets to purchase goods and services, citing possible "irreparable" damage and significant transaction risks.
-
Sensex Sheds Over 250 Points, Financial Stocks Trade Weak
Asian markets were holding their nerve on Monday as a plunge in the Turkish lira tested risk appetite, with stocks and bonds showing only a limited bid for safe-havens
-
Sensex, Nifty Likely To Have A Subdued Opening
Asian markets were holding their nerve on Monday as a plunge in the Turkish lira tested risk appetite, with stocks and bonds showing only a limited bid for safe-havens
-
Rupee Depreciates Past 72 Against Dollar, Ends At Over 9-Month Low
The rupee on Monday declined by 36 paise and closed to an over nine-month low. The rupee opened lower at 72.03 and fell to an intraday low of 72.25 against the greenback. The rupee settled at 72.02 against the American currency. The depreciation in rupee was in line with weakness in currencies such as Turkish lira, Chinese yuan, and Australian doll...
-
Rupee, Yuan Lead Gains As Risk Appetite Returns To Asian Markets
In Asia, emerging market currencies recovered from a widespread sell-off last week, brushing off the fallout from the collapse in Turkey's lira.
-
Turkey Hits Back At US With Tariff Hikes On Alcohol, Cars
Turkey on Wednesday said it was hiking tariffs on imports of several key US products in retaliation for American sanctions against Ankara, as a bitter dispute between the two allies that sent the Turkish lira into freefall showed no sign of ending.
-
Gold Prices Fall For Second Straight Day: 5 Things To Know
Gold prices fell for second straight day on Tuesday even as global prices of the yellow metal recovered from 17-month lows hit on Monday. Safe haven buying did not help lift gold prices, said experts. Strength in the dollar led to weakness in the rupee which hit an all-time low of 70.09 against the US dollar. There was a lot of economic turmoil aft...
-
Rupee Falls Sharply To Close At Record Low Of 69.93 Against Dollar
The RBI is likely to assess the trend in the rupee against other emerging market currencies, say analysts.
-
President Recep Erdogan Converts Own Assets Into Turkish Lira: Spokesman
President Recep Tayyip Erdogan converted all of his personal assets held in foreign currency into Turkish lira after he urged citizens to buy the embattled national currency and limit its losses, the presidential spokesman said Thursday.
-
Free Weddings, Gravestones In Turks' Plan To Boost Lira
Convert your hard currency to Turkish lira and you could enjoy a free wedding package, a meal and a loaf of bread. Or even a gravestone.
-
Turkey Wants Trade With China, Russia And Iran In Local Currencies: Recep Erdogan
Turkey is taking steps to allow commerce with China, Russia and Iran to be conducted in local currencies, President Tayyip Erdogan said on Sunday, the government's latest effort to shore up the tumbling lira.
-
Coup Attempt Cost Turkish Economy 100 Billion Dollars
The failed bid to overthrow the government of President Recep Tayyip Erdogan has cost Turkey $100 billion (300 billion lira), according to Customs and Trade Minister Bulent Tufenkci.
-
Europe Shares Fall, Turkish Assets Hit After Jet Shot Down
European shares followed Asian stocks lower on Monday while a slightly weaker dollar eased the pressure on beleaguered metals that held near multi-year lows.
