Forex trading has emerged as a captivating and dynamic arena in the vast and ever-evolving realm of financial markets. It beckons traders from all corners of the globe with the promise of opportunity, profit, and adventure. As the foreign exchange market continues to command the spotlight, one element stands out as a beacon of attraction
The Reserve Bank on Friday said that 93 percent of Rs 2000 currency notes that were in circulation on May 19 — the day the currency was withdrawn from circulation — have been returned to banks. Until August 31, 2023, the total value of Rs 2000 bank notes received back from circulation will be Rs
Public sector Oil Marketing Companies (OMCs) have slashed the price of 19 KG commercial LPG gas cylinders by Rs 158, according to sources. As of today, Delhi’s retail price for a 19kg commercial LPG cylinder will be Rs 1,522. On Raksha Bandhan, the central government reduced the price of domestic LPG by Rs 200 as
Despite slow and steady global de-dollarization, the Chinese yuan has little chance of dethroning the US dollar. It makes sense for China to want its yuan, or a collective of other currencies, to break up the dominance of the dollar, according to a note by GlobalData TS Lombard’s Skylar Montgomery. Montgomery says the dollar’s reserve
Have you ever thought about which are the Strongest currencies in the world? No? You all must be thinking that it is the British Pound (GBP) or U.S Dollar (USD). Well, think again about this, you must be wrong. 180 Currencies are recognized by the United Nations used in 195 Countries in all over the
A combination of political and economic factors is slowly eroding the Dollar supremacy as the world’s reserve currency. According to the International Monetary Fund, nearly 60% of international reserves are held in Dollar-denominated assets. Due to Western sanctions against Russia over its invasion of Ukraine, other countries are wary of crossing Washington. For trade and
In today’s dynamic economic landscape, accessing credit facilities has become an integral part of financial planning for individuals. One such credit instrument that has gained popularity among Indian consumers is the gold loan. Gold loans provide an excellent avenue for meeting short-term financial needs. The loan comes with flexible tenure and can be disbursed quickly,
In Jun’23, the rupee rose 0.8% due to foreign portfolio investors inflows and a weaker dollar. Oil prices remaining range-bound also helped provide some reassurance. Given moderation in US core personal consumption expenditure and consumer spending, there is uncertainty around the Federal Reserve’s future rate policy which led to a decrease in the US Dollar
2023 kicked off on a fresh and positive note for several cryptocurrencies. After witnessing the downfall in the last year, most of such tokens are on the path to recovery. That being said, we can still say that prices are extremely low when compared to their all-time highs, which was seen in the 2021 bull
Inflation is slowly falling, but economic growth continues to be at historical lows. Apart from this, financial risks have increased. That being said, the global economy’s systematic recovery from both pandemic and Russia-Ukraine war remains on track. Much of this support comes from China as the country’s economy continues to rebound strongly. Supply chain disruptions
