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 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...

Indian Forex

A straightforward cash related methodology from the ECB and the US Federal Reserve has flushed market with liquidity. Seven days prior, we saw the Indian worth market-production another high. Overall estimation is bullish on trade talks between the US and China. The simple financial game plan fro...

US dollar bonds from China

The bond market has been seeing huge demand, and there have been major changes in the global outlook of the market as there has been the issuance of bonds from major firms as well as major countries like Turkey and Japan, which are issuing bonds to increase their borrowing power. The United State...

Russia to phase out the US dollar completely by 2020

Russia is planning to abandon the US dollar in favor of euro and rubles for currency settlements in global energy transactions that it has been dealing with just to minimize reliance on the American currency. Which is more as the currency is a global standard. This move of Russia could tip the ba...