The plan would enable direct convertibility between the rupee and yuan and will help cut transaction and hedging costs, the people said, asking not to be identified citing rules. The proposal would allow Indian exports of pharmaceuticals, oilseeds and sugar to China to be settled in rupee, while keeping out trade in high volume products such as electronics, they said.
US dollar
Gold vs FD: How to Choose Auspicious Investment This Diwali
Gold Silver Reports (GSR) – As the biggest Indian fiesta, the festival of lights — Diwali — is round the corner, all the people have been ready with their respective to do lists on the auspicious occasion.
Rupee Crashes to New Record Closing Low of 74.06 Against US Dollar
Rupee Crashes to New Record Closing Low — The rupee today touched a life-time low of 74.23 (intra-day) after the Reserve Bank of India (RBI) unexpectedly kept the policy rate unchanged.
Forex Upate : USD-INR Next Target $78 Need Pateince – Neal Bhai Reports
Forex Upate : USD-INR Next Target $78 Need Pateince – Neal Bhai Reports
Remember My Ultimate Target USD/INR Target $74 Almost Hit. I Told you Above 71.15 Ultimate Target 74$ Boom Boom
US Dollar Grinds at Key Support Ahead of Non-Farm Payrolls (NFP)
Gold Silver Reports (GSR) – The US Dollar continues to battle with the 95.00 level, and this most recent test comes with a bit of heightened interest: Last week saw sellers drive below the level only to be followed by buyers pushing off of the August lows into month-end. This came along with a resistance reaction at a big area in EUR/USD. Yesterday saw resistance in USD/DXY at the June and July highs around 95.53, and this adds further questions to the sustainability of US Dollar strength as we move towards the end of Q3.
Why The US Dollar is So Strong – Gold Silver Reports
What’s with the dollar rally today?
Stocks aren’t doing much and the bond market is flat. If it was a fundamental story, you would expect to see some kind of reaction outside the currency.
Rupee Weakens Further Against US Dollar
Gold Silver Reports (GSR) – The Indian rupee weakened along with emerging market currencies as the US dollar advanced on the back of higher US Treasury …