He said that BRICS is dead and reiterated his threat to BRICS nations, saying he would impose a 100 per cent tariff on the bloc if they try to replace US dollar with any other currency.
The National Investigation Agency (NIA) Special Court, of Patna, Bihar has sentenced two accused to imprisonment and fine in a Fake Indian Currency Notes (FICN) smuggling case involving Bangladeshi and Nepalese nationals, according to a press release.
Finance Minister Nirmala Sitharaman clarified in the Lok Sabha that India's rising gold reserves, including those held by the Reserve Bank of India (RBI), are not intended to replace any international currency.
Shanghai Cooperation Organization (SCO) Secretary-General Nurlan Yermekbayev on Thursday ruled out immediate plans for a common payment system within the bloc but stressed efforts to boost national currency transactions in trade.
"Though Trump has been threatening BRICS countries also, it remains as to when he would press the button. This could be a knee jerk on the Rupee, but it's better to wait and watch for a couple of days" the currency expert said.
He said that there is no serious proposal for the BRICS to come up with an alternative currency to the dollar and called the dollar a "practical convenience" for most nations in the world.
US President Donald Trump warned BRICS nations against moving away from the US dollar, stating that any attempt to introduce a new currency would result in 100% tariffs on trade with the United States. His remarks reaffirm the administration's stance on preserving dollar dominance in glob
New Delhi [India], January 29: Planning to invest in US stocks and engage with some of the world's most influential companies like Apple, NVIDIA and Amazon? Adding US stocks offers numerous benefits, such as access to a mature and diverse market, exposure to technological advancements, curre
India's foreign exchange reserves continue to decline, extending their slump for about four months now. India's forex reserves have slumped fifteen out of the past sixteen weeks, hitting about an 11-month low.
In a crackdown on smuggling activities, the officials from the Airport Commissionerate, Mumbai, Zone-III, arrested two individuals and seized illegal drugs, gold, and foreign currency worth crores during an operation between January 24-25.
New Delhi [India], January 23: Planning an international trip may prove to be arduous or overwhelming. Nowadays, with advanced technology, so much convenience rests literally at the fingertips. Great international travel applications have transformed and made it extremely easy to carry ou
Bengaluru (Karnataka) [India], January 17: Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, delivered strong and broad-based performance with $4,939 million in Q3 revenues, growth of 1.7% sequentially and 6.1% year on year in c