News Muncher - category other currencies

1 month, 2 weeks ago

Rupee slides, still better than other currencies: Is India, China growth threatening dollar?

The Indian rupee is down, but so are other major currencies against the US dollar. Despite its downward trajectory, however, the rupee is still well-placed against major currencies such as the Brazilian real, the Russian ruble, the Japanese yen, and the Canadian dollar. The Indian rupee has slid by 1.1 per cent against the dollar since January 1. In contrast, …

India China Indian Brics Cent Russian Rupee

11 months, 3 weeks ago

The dominant dollar faces a backlash in the oil market

Live Mint

Some major emerging economies are dabbling in trading commodities without using the dollar, as they seek to reduce their reliance on the U.S. currency. And in November, Saudi Arabia and China set up a roughly $7 billion currency-swap line, which the Chinese central bank said would strengthen financial ties and expand the use of local currencies. The tight links between …

China Market Oil Indian Saudi Arabia Brazil Saudi

1 year, 7 months ago

India, Russia said to suspend talks to settle trade in rupees

The Hindu

India and Russia have suspended efforts to settle bilateral trade in rupees, after months of negotiations failed to convince Moscow to keep rupees in its coffers, two Indian government officials and a source with direct knowledge of the matter said. With a high trade gap in favour of Russia, Moscow believes it will end up with an annual rupee surplus …

India Trade Russia Indian Official Rupee Settle

1 year, 7 months ago

India, Russia suspend negotiations to settle trade in rupees

Hindustan Times

India and Russia have suspended efforts to settle bilateral trade in rupees, after months of negotiations failed to convince Moscow to keep rupees in its coffers, two Indian government officials and a source with direct knowledge of the matter said. India started exploring a rupee settlement mechanism with Russia soon the invasion of Ukraine in February last year. India started …

India Trade Ukraine Russia Indian Official Mechanism

1 year, 9 months ago

India’s oil deals with Russia dent decades-old dollar dominance

Live Mint

U.S.-led international sanctions on Russia have begun to erode the dollar's decades-old dominance of international oil trade as most deals with India - Russia's top outlet for seaborne crude - have been settled in other currencies. After a coalition opposed to the war imposed an oil price cap on Russia on Dec. 5, Indian customers have paid for most Russian …

Europe China Trade Ukraine Russia Payments Sanctions

2 years, 2 months ago

The Aussie dollar is dropping against the US currency, but it’s not all bad news

ABC

Paul O'Brien's costs are rising and it's not just supply chain issues, shipping delays and increasing inflation that we're all becoming accustomed to that is the cause. "It's been a case of all systems go for the US dollar," said Westpac's head of a foreign exchange strategy, Richard Franulovich. "The US dollar has been strong across the board this year …

Pakistan Interest Currency Covid Cent Rate Hashmi

2 years, 2 months ago

Rupee Has Held Up Very Well Against Dollar Compared to Other Currencies: FM Sitharaman

News 18

Finance Minister Nirmala Sitharaman on Saturday said the rupee has “held back very well” against the US dollar when compared to other currencies. Against the backdrop of the rupee dropping to a lifetime low against the greenback, Sitharaman said the Reserve Bank and the finance ministry are keeping a very close watch on the situation. The rupee slumped 30 paise …

Sitharaman Rupee Dollar Other Currencies

2 years, 3 months ago

Rupee held its own against dollar. What about other currencies: FM Sitharaman

Hindustan Times

Union finance minister Nirmala Sitharaman on Saturday said the Indian rupee had “held back very well” against the dollar in comparison to other currencies. “If any one currency which has held its own and did not get into fluctuation or volatility as much as other currencies, it is the Indian rupee. The Rupee depreciated 30 paise to close at a …

Indian Pti Sitharaman Rupee Dollar Other Currencies

2 years, 3 months ago

Queen Elizabeth II is featured on several currencies, not just UK. What will happen to them now?

India TV News

Highlights Queen’s portrait on British notes and coins is expected to replaced soon by the new King Charles. Other nations’ currencies that feature the queen will be have to be updated with the new monarch, Queen Elizabeth II has been illustrated on British Banknotes and coins for decades. Here's a glance at what upcoming changes to look out for in …

Canada Money New Zealand British Bank Queen Coins

2 years, 9 months ago

Putin wants ‘unfriendly countries’ to pay rubles for gas

Associated Press

MOSCOW — President Vladimir Putin announced Wednesday that Russia will demand “unfriendly’’ countries pay for Russian natural gas exports only in rubles from now on. Putin told a meeting with government officials that “a number of Western countries made illegitimate decisions on the so-called freezing of the Russian assets, effectively drawing a line over reliability of their currencies, undermining the …

Europe Gas Pay Western Putin Moscow German

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