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Major Russian Fund Replaces Dollar With Euros, Yuan, And Gold

Russia said Thursday it will completely remove the US dollar from its rainy day fund, a move intended to counter American pressure two weeks before a summit of the two countries' leaders. Finance Minister Anton Siluanov told an economic forum in ...

US Drops China’s 'Currency Manipulator' Tag Ahead Of Trade Deal

Ahead of the ‘phase one' trade deal signing in Washington, the US reversed its decision to brand China a 'currency manipulator'. The US said that China had agreed to refrain from devaluing its currency to make its goods cheaper to foreigners. ...

Is The Indian Rupee’s Fall Connected To Chinese Yuan’s Movement?

The Indian rupee is set for its biggest monthly loss in 6 years in August. The Chinese yuan has also gained a lot of attention this month after the highly controlled currency fell to levels not seen since February 2018. ...

Rupee Loses Its One-Year Gains In August Alone; More Pain Ahead

Rupee which showed recovery in first seven months of the CY'19 lost almost all of their gains in August itself. This has come on the back of heavy FPI outflows and concerns around economic slowdown. As per a forex strategist at ...

Chinese Yuan Touches 11-Year Low As Trade War Intensifies

On Monday, China's yuan fell to an 11-year low against the US dollar as trade war escalated over the weekend, intensifying the negative outlook on global economy for investors. The trade war and the latest developments in the Hong Kong anti-government ...

Rupee Logs Its New 2019 Low of 72.03

Rupee resumed trade on a weaker note, dropping by 13 paise to 71.94 per dollar against its previous close of 71.81. It touched a new 2019 low, breaching 72 levels to 72.03 per dollar while remaning highly volatile. Possibility of ...

Sensex Surges 250 Points, Nifty Tops 11,111 On Surcharge Exemption For FPIs

For the second consecutive day, bulls have gained ground due to a series of factors such as hopes on cut back of surcharge on FPIs, consideration of recapitalization of banks etc. Towards the end of the session, the earlier gains during ...

China Sets Yuan’s Midpoint At Its Weakest Since April 2008; Why Are Investors Concerned?

China's central bank- The People's Bank of China, set the official reference rate for Chinese currency at 7.0039 yuan per dollar on Thursday, the lowest level since April 2008. The central bank allows the currency to be traded within a narrow ...

Sensex Ends 227 Points Higher Shrugging Off Global And Domestic Concerns

In the afternoon trade, indices gained strength, Sensex reclaimed 37,000 levels while Nifty was also trading close to 11000 levels. But towards the end of the session, the Sensex closed higher by 227 points at 36976.85 and Nifty ended higher with ...

Rupee Trades Lower At 70.67

After closing a six-year low, rupee in Tuesday's trade also opened 7 paise lower at 70.80 against its previous close of 70.73. The home currency suffered on account of the falling yuan which signals China's acceptance of allowing weakness in the ...

Sensex Ends Below 37,000 On J&K Developments And Global Sell Off

Indian indices amid an intense global sell-off were dragged sharply lower in trade today. Domestic factors also came into play including the J&K crisis, which now will be split into two separate UTs. After the announcement of Article 370 being abolished ...

China Just An Excuse; 5 Real Reasons Why The Sensex Fell 1624 Points

For the last one and half year since the Narendra Modi government took charge there was complete over exuberance on the economic front and hence in shares. Mid cap stocks went berserk and their price to earnings multiples surpassed those of ...

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