Another billion-dollar intervention is being discussed as the value of the Japanese yen continues to decline.

After crossing that threshold at the end of last month for the first time since November, the Japanese yen traded just above 140 against the US dollar on Monday.

The yen fell to levels last year that had not been seen since 1990 when Japan's Finance Ministry intervened to support th...

With today's closure, the value of one US dollar was 81.77 rupees

As the US dollar strengthened elsewhere and oil prices rose, the Indian rupee ended Tuesday at a preliminary rate of 81.77 USD/INR (minus 19 paise). Investor sentiment, according to forex traders, has taken a hit due to prolonged withdrawals of foreign funds. The rupee started the day trading at ...

BITCOIN REACHES THE 50K MARK; CAN GO HIGHER

Highlights:

•             Bitcoin rises 400% as compared to the US dollar

•             The cryptocurrency has spiked 200% in the last 3 months

BITCOIN CRASHES 20 PERCENT ON MONDAY

Highlights

• The cost of cryptocurrency Bitcoin slumped 20 percent on Monday to $31,756 in the worst well-off since March 12 when it had crashed 37 percent in a single day

• The US dollar index was trading at the day's high of 90.66, up 0.6 percent as short cover...

BITCOIN HITS $19,000-MARK FOR THE FIRST TIME IN THREE YEARS

Highlights

• Last time bitcoin managed to reach its all-time high of just under $20,000 in December 2017 but had crashed drastically

• Bitcoin has benefited the most from pandemic which has made it an alternative currency, even an alternative to gold

•...

BANK OF THAILAND INTRODUCES US DOLLAR IN GOLD TRADES

HIGHLIGHTS

• Gold trading will be allowed in US Dollars, said The Bank of Thailand. The assistant governor told that this step is towards dismissing the precious metal’s worth over the rigid baht.   

The modification should help r...

RUPEE SLUMPS BY 3 PAISE AGAINST US DOLLAR

Highlights:

• The rupee slumps by 3 paise and settled at 75.58 against the US dollar.
• The Indian government is planning to borrow Rs. 2 lakh crore in the financial year to March 2021 to cushion the damage done by the outbreak of coronavirus pandemic.

RUPEE GAINS 22 PAISE

Highlights:

• The Rupee gains 22 paise and settled at 73.86 against the greenback.
• FIIs have taken out a net of Rs. 12,478.31 crore from Indian equity markets.
• Japanese Yen fell against the euro and the Australian dollar.

On...

EURO, YEN REACHES HIGH AS CRUDE OIL PRICES SLUMP

Highlights:

• Japanese yen is at a three-year high against the greenback.
• Euro remains at a two-year high while others suffer.
• Global currencies are under the pressure of fear of recession.

Monday trading market has not prov...

RUPEE FELL BY 26 PAISE

Highlights:

• The rupee slumped by 26 paise and settled at 74.06 against the US dollar.
• The crude oil price slumped by more than 20 percent.
• USDINR pair is expected to be in the range of 74.20 and 74.70.

On Monday, the rupee...

RUPEE IS UP BY 15 PAISE

Highlights:

• The rupee has gained 15 paise and settled at 71.85.
• Most Asian currencies are experiencing a slump due to coronavirus.
• The USDINR pair is expected to be in the range of 71.70 and 72.05.

Today, the rupee entered...

DOLLAR UNDER PRESSURE DUE TO FEDERAL RATE CUT EXPECTATIONS

Highlights:

• US dollar stayed stable today as the Federal Reserve expected to cut interest rates.
• The dollar index, against the basket of six currencies, is gone down by 0.2 percent and is at 99.19.
• The yen surged by 0.2 percent from the las...

Japanese Yen Slipping On GDP Data With Chinese Yuan Rising

With Japan reporting a much deeper economic contraction than expected, the yen traded slightly lower on Monday, 17 FEB 2020 in Asia. The USD/JPY pair inched up 0.1% 109.81. The Cabinet Office reported that Japan’s GDP in the December quarter fell an annualized 6.3%, faster than the expected...

RUPEE HAS SEEN A RISE OF 5 PAISE

Highlights:

• The rupee surged by 5 paise and settled at 71.35 against the US dollar.
• USDINR pair is expected to be in the range of 71.20 and 71.80.
• The employment data was released on Friday with 2,24,000 jobs in January 2020 as compared to ...

US DOLLAR FIRMS AS THE US ECONOMY SEEMS TO BE RESILIENT

Highlights:

• Australian Dollar surged by 0.3 percent and settled at 0.6689 against the US dollar.
• Chinese Yuan gained 0.3 percent and settled at 6.9893 against the US dollar.
• Euro and pound are pushed by the US dollar towards lows.

EURO AT SEVEN MONTHS LOW

Highlights:

• Euro fell against the US Dollar and is at $1.1049.
• The dollar index is at 97.717 and gained for the consecutive third session.
• The Australian dollar will be at $0.6843.

On Friday, the Euro stood at a seven-mont...

RUPEE DOWN BY 3 PAISE

Highlights:

• The rupee opened the trading with a slump of 3 paise at 71.22 against the US dollar.
• USDINR pair quoted in the range of 70.90 and 71.30-71.50.
• The pound surged against the greenback.

Today, the rupee has experi...

GROWTH ABROAD CAN PROVE NEGATIVE FOR US DOLLAR

Highlights:

• Dollar in the futures market stood at its lowest since a year-and-a-half.
• Dollar triggered a death cross on the last day of 2019.
• Investors believe dollar weakness will be short-lived.

Us dollar is experiencing...

RUPEE FELL BY 7 PAISE

Today, the rupee opened on a negative note. With the advent of the trading, the rupee fell by 7 paise that accounts for 71.00 against the US dollar. This tracks week opening in domestic equities and foreign fund outflows.

At the interbank foreign exchange, the rupee started trading with...

US MARKET SLIPS AS MIDDLE EAST TENSIONS ARE HIGH

The US stock market finished the session with a fall on Friday, 3rd January 2020. The investors are worried about the heightened geopolitical tension between the US and Iran after the US airstrike killed a top Iranian military leader. The worried investors are withdrawing their money from risky a...