Stock markets took a breather on Monday from their record highs of recent sessions as investors looked to an abbreviated trading week, capped by key US inflation data on Friday, due to the impending Easter holiday. Wall Street’s main indices kicked off the week on a lower note. Market participants are hoping that… Continue reading Wall Street declines ahead of US data; dollar faces heat from yen, yuan | News on Markets
Tag: dollar
Rupee expected to regain its lost ground against Dollar in April: BS Poll | Economy & Policy News
The rupee, having depreciated 0.6 per cent against the US dollar in March, so far, is likely to rebound in April, largely on the back of foreign inflows ahead of India’s government bond inclusion into JP Morgan’s Government Bond Index-Emerging Markets (GBI-EM), set to begin at the end of June 2024. By the… Continue reading Rupee expected to regain its lost ground against Dollar in April: BS Poll | Economy & Policy News
PayPal rolls out dollar stablecoin to boost digital tokens for payments
Representative Image (Photo: Reuters) PayPal Holdings Inc. is rolling out a stablecoin, the first by a large financial company and a potentially significant boost to the sluggish adoption of digital tokens for payments. PayPal $ (PYUSD) is issued by Paxos Trust Co. and fully backed by US dollar deposits, short-term Treasuries and… Continue reading PayPal rolls out dollar stablecoin to boost digital tokens for payments
Rupee continues to remain stable in July, ends flat at 82.25 a dollar
The rupee weakened 0.26 per cent against the US dollar in July, remaining largely stable, even as bouts of volatility prompted the Reserve Bank of India (RBI) to intervene. On the last trading day of the month, the rupee closed almost flat at 82.25 a dollar, as compared to 82.26 on Friday. Rupee… Continue reading Rupee continues to remain stable in July, ends flat at 82.25 a dollar