Currencies

India’s merchandise trade with Australia more than doubles from US $ 10.7 bn in 2020 to almost US $ 23 in 2021, with both exports and imports recording an all-time high of US $ 7.5 bn and US $ 15.2 bn respectively. India’s export to Australia have also recently seen a pick up said, Ms. Harsha Bangari Managing Director,...

iPiD makes cross border payments possible with only a phone number and eases international transactions considerably for Indian customers Mumbai, Maharashtra, IndiaThe ground-breaking fintech of International Payments- iPiD, today announced its launch in the Indian market. iPiD is a technological innovative initiative for financial transactions cutting across the political borders of nations and financial borders of currencies. And all this...

The rupee settled five paise lower against the US dollar on Wednesday, February 16, at 72.74 (provisional) tracking losses in the domestic equity markets and a stronger American currency. At the interbank foreign exchange market, the domestic unit opened at 72.90 against the dollar and registered an intra-day high of 72.72. It witnessed a low of 72.92. In an early trade session,...

Canada's main securities regulator has cleared the launch of the world's first bitcoin exchange-traded fund, an investment manager said on Friday, providing investors greater access to the cryptocurrency that has sparked an explosion in trading interest. The Ontario Securities Commission has approved the launch of Purpose Bitcoin ETF, Toronto-based asset management company Purpose Investments Inc. said in a statement....

The rupee gained 12 paise against the US dollar on Friday, February 12,  to settle at 72.75 (provisional), ahead of the release of key macro-economic data -- consumer inflation and industrial production, amid sustained foreign capital inflows. At the interbank foreign exchange market, the domestic unit opened at 72.79 against the dollar and registered an intra-day high of 72.75. It registered a low of...

After opening flat in early trade session. the rupee slipped three paise lower against the US dollar on Thursday, February 11, to close at 72.87 (provisional) following a firm trend in the domestic equity markets. At the interbank foreign exchange market, the domestic unit opened at 72.81 against the dollar and registered an intra-day high of 72.65. It witnessed a low of 72.87. In...

The rupee settled on a flat note, firming up by three paise against the US dollar on Wednesday, February 10, at 72.84 (provisional) tracking muted domestic equities. At the interbank foreign exchange market, the domestic unit opened at 72.87 against the dollar and registered an intra-day high of 72.81. It witnessed a low of 72.88. In early trade, the local unit opened on a...

The government is confident that it can obtain funds for its massive 2021-22 borrowing programme at below six per cent, as the central bank has given assurances that it will provide liquidity, two senior officials told Reuters. Holding policy interest rates unchanged at record lows on Friday, Reserve Bank of India Governor Shaktikanta Das assured investors that its stance on...

The rupee ended on a flat note and settled one paisa higher against the US dollar on Wednesday, February 3, at 72.95 (provisional) amid a firm trend in the domestic equity markets. At the interbank foreign exchange market, the domestic unit opened at 72.96 against the dollar and witnessed an intra-day high of 72.92 and a low of 72.98. In an early trade...

Goods and services tax or GST revenue collected in January stood at ₹ 1.19 lakh crore, the finance ministry said on Sunday, in a record figure a day before the government unveils the country's annual budget. "The GST revenues during January 2021 are the highest since introduction of GST and has almost touched the ₹ 1.2 lakh crore mark, exceeding...