DCB Bank has witnessed a significant jump in its foreign remittance services on the coronavirus outbreak, specially for education purposes, as parents want to ensure their children abroad have sufficient money to sustain themselves in the situation of a lockdown
IMF chief economist Gita Gopinath says a very credible challenger necessary to displace US dollar's dominance
Speaking here at a WEF 2020 session on dollar's dominance, Gopinath said historically one currency has always dominated the global trade.
Bombay Stock Exchange, National Stock Exchange, currency markets closed for trade today on account of Mahashivratri
On Friday, market benchmark Sensex rose over 196 points to end at 36,064 and also posted its second straight weekly gains amid signs of easing tensions between India and Pakistan
Pound stands firm after Theresa May's Brexit deal voted down by a crushing margin; PM's defeat factored in by market
The pound sterling had sunk more than 1 percent against the dollar earlier on Tuesday but rallied back after the parliamentary vote, with the sizable defeat for May seen forcing Britain to pursue different options.
Rupee on recovery path, gains 34 paise to end at one-week high against dollar on positive macro data
Rupee also benefitted from the massive US Dollar re-pricing in the aftermath of the weak US inflation report, discounting the chances of Fed hiking rates four times this year.
Previously, the rupee had dropped 2.4 percent or 148 paise in a single day in August 2013.
Chandrasekaran's optimism comes amidst the uncertainties about the outcome of the forthcoming American presidential polls scheduled for November 8 wherein the Republican hopeful Donald Trump has threatened to end outsourcing and put up many trade protectionist measures if elected to the White House.
Serena Williams' joy of winning Wimbledon 2016 might die down a little as she is set to lose out on a sum of nearly USD 380,000 due to Brexit.
Asian stocks fell and the British pound tumbled more than 2 percent on Monday as markets struggled to shake off deep uncertainty sparked by Britain's decision to leave the European Union.
In the currency market, the rupee crashed 86 paise to trade at 68.11 against the dollar
David Cameron is hoping to win support for his campaign to stay in the bloc after London Mayor Boris Johnson dealt a blow by backing a "Brexit".
The British pound jumped Friday after exit polls showed Prime Minister David Cameron's Conservatives headed for victory, while the dollar won support on hopes for a solid US jobs report later in the day.
The rupee fell 3 percent in 2014 against the dollar but it actually gained against the other hard currencies like the euro, the yen, the Swiss franc and the British pound. So a fall appears unlikely in 2015
The rupee hit a new low of Rs 100.35 against the British pound (GBP) early this morning, as weak domestic fundamentals including ballooning current account deficit weighed down on the Indian currency.