Crypto Market Reports : When the Reserve Bank of India (RBI) banned India’s banks from processing payments related to cryptocurrency in April 2018, investors came up with an ingenious solution.
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Dollar Price Forecast: USD Recovery Eyes Initial Hurdles
The US Dollar rallied more than 0.4% this week with DXY marking the second consecutive weekly advance. The rally takes the index nearly 2% off the monthly lows with the rally now eyeing initial resistance hurdles just higher.
Indian Rupee Outperforms Peers Through Covid-19 Sell-Off
The Indian Rupee outperformance is despite large outflows from the local debt and equitymarkets.
Safe-Haven Currencies in Demand Amid U.S., Iran Tension
The yen and other safe-haven currencies were in demand on Monday, along with assets such as gold, as investors fretted that the killing of Iran’s most prominent military commander by the United States could trigger a broader Middle East conflict.
Currencies May See Wild Swings if Slow Growth Breaks CLO Market
The IMF, central banks and politicians have warned about the proliferation of collateralized loan obligations (CLOs) and the threat they pose to the global financial system. Currency markets may be battered by breakneck volatility if a slowdown in global economic growth triggers a collapse in this fragile market.
India’s foreign Exchange Reserves Rose by $441 Million During The Week Ended
India’s foreign exchange reserves rose by $441 million during the week ended November 15, official data showed on Friday.