Mumbai: The rupee saw some recovery from its all-time low level and appreciated 5 paise to 84.83 against the US dollar in early trade on Friday on the back of favourable domestic inflation data. However, a strengthening American currency and volatile domestic equity markets amid foreign fund outflows capped the recovery in the local unit, … Read more
Mumbai: The rupee plunged 13 paise to settle at a fresh all-time low of 84.60 against US dollar on Friday, dragged down by unabated foreign fund outflows even as weak domestic macroeconomic data jolted the overall sentiment. Forex traders said, dollar demand from importers for meeting month-end payment obligations weighed on the rupee, while, the … Read more
Mumbai: The rupee depreciated by 11 paise to close at 84.40 against the US dollar on Wednesday amid uncertainties surrounding US President-elect Donald Trump’s trade policies and an increase in crude oil prices. However, a strong show at the domestic equity markets, FII inflows along with a weakening dollar against major currencies supported the local … Read more
European Central Bank President Christine Lagarde made a case for defending the euro as Russia and China touted de-dollarisation efforts at the annual Brics summit. At a discussion hosted by the Atlantic Council in Washington on Wednesday, the former IMF chief urged greater attention be paid to Beijing’s and Moscow’s advocacy of alternative currencies to … Read more
Talk of South Africa adopting a unified BRICS currency is nothing new, following extensive media reports during last year’s (2023’s) 15th BRICS Summit held in South Africa. Nevertheless, talk of the de-dollarisation of South Africa’s economy, because the United States is no longer the lone world economic superpower, is once again under the spotlight. However, … Read more
New Delhi: With elevated crude oil prices amid global geo-political situations, the rupee on Friday, October 11 breached the 84-mark against the US dollar for the first time. The rupee traded lower by 0.12 at 84.09, pressured by the recent rise in the dollar index from $100.50 to $102.40 and its steady hold. According to … Read more
Mumbai: The rupee rose 2 paise to 83.97 against the US dollar in early trade on Monday, aided by a weaker greenback in the international market and a drop in crude oil prices. The increase in the country’s forex reserves to a new all-time high of USD 704.88 billion on Friday further pushed the domestic … Read more
MrBeast is accused of creating “unsafe” employment conditions, including sexual harassment, and misrepresenting contestants’ odds at winning his new Amazon reality show’s $5-million US grand prize n a lawsuit filed Tuesday by five unnamed participants. The filing alleges that the multimillion-dollar company behind YouTube’s most popular channel failed to provide minimum wages, overtime pay, uninterrupted … Read more
After several years of exploring the possibility of introducing a digital currency in Canada, the central bank is shelving the idea. The Bank of Canada confirmed to CBC News it has shifted its focus away from the idea of introducing a digital Canadian dollar, which could be used for online purchases and money transfers. The … Read more
The massive electric vehicle battery plant in southwestern Ontario should produce its first module this month as the project looks to hire another 200 employees before the end of the year. Windsor’s NextStar Energy plant, expected to be the first facility of its kind to begin production in Canada, will eventually employ 2,500 people and spur a supply … Read more
