Tagged: USD

Rupee hits 80 to a dollar as global equity slump hammers currencies

25/08/2024

Indian Rupee Expected to Strengthen Amid Dollar Weakness Following Fed’s Rate Cut Hints

The Indian rupee is poised to rise as the U.S. Federal Reserve’s expected September rate cut pressures the dollar. Key market indicators suggest a positive opening for the rupee. India, Bollywood Fever: The Indian...

Russian Banker Predicts Chinese Yuan to Surpass US Dollar as Global Reserve Currency

Business

29/05/2023

Russian Banker Predicts Chinese Yuan to Surpass US Dollar as Global Reserve Currency

According to the chairman of Russia’s second-largest bank, there are strong indications that the Chinese yuan will replace the US dollar as the world’s primary reserve currency. With the central bank of Russia already...