Citing recent signs of weakness in the US dollar and other concerning trends in the American economy, global investment firm Jefferies advises investors to prefer Asian currencies over US dollar.
Union Minister Jitendra Singh on Wednesday hailed Prime Minister Narendra Modi's decision to open the space sector to private players as a "turning point" that sparked a "miraculous" transformation, projecting it could grow to 40-45 billion US dollars in a decade, while adding that experimen
Telangana Chief Minister Revanth Reddy stated that his goal is to fulfil the dreams and aspirations of the people of Telangana and make the state a " One Trillion US dollar" economy.
Silver prices on Thursday, crossed USD 35 mark per ounce and hit its highest level since March 2012, boosted by a combination of factors such as weaker US dollar, rising geopoltical tension and robust industrial demand.
The global investors holding too much cash in US dollars may face increasing risks, and it might be the right time to consider shifting some of that money into other currencies or assets, according to a report by UBS.
The weakness in the US dollar has created real room for the Reserve Bank of India (RBI) to lower interest rates further by up to 75 basis points (bps) by the end of calendar year 2025, according to a report by global financial services firm Jefferies.
The Indian rupee will find support in the coming days, buoyed by a weaker US dollar index (DXY) and expectations of strong foreign portfolio investment (FPI) inflows, a report by Union Bank of India (UBI) anticipated.
US dollar will remain soft this year which is likely to benefit Emerging Market (EM) assets according to a research report by American investment banking firm JP Morgan.
"Congress party has supported the decision to send multi-party delegations across the world. At the same time, our endeavour must be to put Pakistan back on the grey list of the Financial Action Task Force. We have to ensure that Pakistan does not get any additional funding for its Military
The US dollar has likely to be entered in a long-term downtrend because of several economic and political factors that suggest a weaker dollar in the coming years, according to a report by Jefferies.