Mon, October 03, 2022

INR trading

Digital Currencies Could Earn a Push from the War

Digital Currencies Could Earn a Push from the War

BlackRock CEO Larry Fink believes that the current Russia-Ukraine war increased the use of digital currencies to settle international transactions. Fink noted that the present war is forcing countries to reconsider their currency attitudes, eventually becoming a global digital payment network in a letter to shareholders. He said the war had ended the forces of globalization in …

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Wise lets Indian residents transfer money abroad

Wise lets Indian residents transfer money abroad

Wise, Financial technology company, stated that users in India could now send money abroad to 44 countries worldwide.  That includes Singapore, the United Kingdom, the United States, the United Arab Emirates, and countries in the eurozone. According to the Reserve Bank of India data, India’s outward remittances in 2019-2020 were about $18.75 billion. Under a …

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One of the largest carriers in the country, india

The central bank of India supports lending to help economy

On May 5, Indian banking shares were boosted after the central bank introduced measures to raise lending. It’s not a secret that the COVID-19 crisis resumes taking its toll on India. The Nifty Bank index was up 1.36%, while the Nifty PSU index, which captures the performance of India’s public sector banks, increased by 1.38%. …

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The Indian Rupee Falls To A Lifetime Low, While Yields Soar

Indian Rupee Declined to a Nine-Month Low on April 15

The Indian rupee declined to the lowest level in nine months against the U.S. dollar on Thursday. It is declining as there are growth concerns emerging yet again in response to lockdowns. Meanwhile, the benchmark 10-year bond yield rose, due to concerns that further strict lockdowns to curb Covid-19 cases could affect economic growth and …

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india and britain

India expected to be priority country for Britain

Analysts say that India-UK bilateral relations will touch a new high in the post-corona world. India is expected to be a priority country for Britain, leading to an improved economic partnership. Based on Britain Meets India report, developed by CII and Grant Thornton Bharat, FDI inflow from the United Kingdom to India for a particular …

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Cryptocurrency, India and cryptocurrencies, crypto card

Indian Crypto Bank Opened its First Physical Branch

India has a huge potential when it comes to cryptocurrencies thanks to various factors. Interestingly, Unicas opened a physical crypto bank branch in Jaipur, India. As a reminder, Unicas a joint venture between Indian online crypto banking platform Cashaa and United Multistate Credit Co-op Society.  It is worth noting that, back in October, the Multistate …

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cryptocurrency industry in India

New Fiat-Crypto Exchange BitPolo and Veteran Exchange WazirX

India has a lucrative market. It is not surprising that local as well as foreign investors are willing to invest in India. The cryptocurrency exchange dubbed BitPolo went live on May 6. This new fiat-crypto exchange was founded in March. Importantly, in March 2020 the country’s Supreme Court ruled against the central bank’s moratorium on …

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Wibest – Rupees: Canadian loonies.

Central Bank Decisions Reinforces the Rupees and Loonies

Two different central banks decided to hold their official interest rates still recently. The RBI and BoC’s decisions steadied and refueled India’s rupees and Canadian dollars. First, the Bank of Canada announced on Wednesday that it leaves its interest rate unmoved. That wasn’t much of a surprise, though. What caught the market off guard was …

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