Indian Rupee today: The domestic currency closed 19 paise lower at 85.99 against the dollar on Monday, according to Bloomberg
Indian Rupee today: The domestic currency opened 20 paise lower at 86 against the dollar on Monday, according to Bloomberg
Indian Rupee today: The domestic currency closed 15 paise lower at 85.80 against the dollar on Friday
US President Donald Trump has proposed a 10 per cent tariff on all BRICS nations for conducting trade in non-dollar currencies, overlooking that such moves were prompted by Washington's own economic and geopolitical actions, economic think tank GTRI said on Friday. BRICS members are India, Brazil, Russia, China, South Africa, Saudi Arabia, Egypt, United Arab Emirates, Ethiopia, Indonesia, and Iran. The Global Trade Research Initiative (GTRI) said the US sanctions and SWIFT bans on countries like Russia, Iran, and Venezuela, have blocked dollar-based payments, forcing nations like India and China to trade in local currencies with Russia. SWIFT is a global messaging system that routes payment instructions between banks worldwide. "The shift from dollar wasn't a revolt; it was the only route left," GTRI Founder Ajay Srivastava said, adding "over 90 per cent of Russia-?China trade is now settled in rubles or yuan; India pays for Russian oil in rupees and dirhams; even Saudi Arabia is o
Indian Rupee today: The domestic currency opened 17 paise lower at 85.82 against the dollar on Friday
Indian Rupee today: The domestic currency closed 3 paise higher at 85.65 against the dollar on Thursday
Indian Rupee today: The domestic currency opened 6 paise higher at 85.62 against the dollar on Thursday
Indian Rupee today: The domestic currency closed 2 paise higher at 85.68 against the dollar on Wednesday
Indian Rupee today: The domestic currency opened 16 paise lower at 85.86 against the dollar on Wednesday
Japan's Nikkei edged down 0.2 per cent, shedding early small gains. Australia's stock index declined 0.4 per cent, and Hong Kong's Hang Seng lost 0.9 per cent.
President Donald Trump on Tuesday claimed that BRICS was established to hurt" the US and "degenerate" the dollar as he warned that the member countries of the bloc would face a 10 per cent tariff. Trump made the remarks while talking to reporters at the sixth Cabinet meeting at the White House. They have to pay 10 per cent if they are in BRICS, he said. Trump said BRICS was set up to hurt us" and "degenerate our dollar and take the dollar off as the standard. And that's okay if they want to play that game, but I can play that game too. So anybody that's in BRICS is getting a 10% charge, he said, adding that this will be happening pretty soon. Well, if they're a member of BRICS, they're gonna have to pay a 10% tariff. Just for that one thing, Trump said. Trump claimed that BRICS "largely broke up" but there are a couple that hang around". BRICS is not, in my opinion, a serious threat. But what they're trying to do is destroy the dollar so that another country can take over and be
Indian Rupee today: The domestic currency closed 16 paise higher at 85.70 against the dollar on Tuesday
Indian Rupee today: The domestic currency opened 11 paise higher at 85.75 against the dollar on Monday
Brics summit renews calls to reduce dollar reliance and boost Global South; Trump vows to penalise countries supporting bloc's 'anti-American' agenda
Indian Rupee today: The domestic currency closed 47 paise lower at 85.86 against the dollar on Monday, the worst fall since June 13
Indian Rupee today: The domestic currency opened 18 paise lower at 85.57 against the dollar on Monday, according to Bloomberg
Indian Rupee today: The domestic currency closed 7 paise lower at 85.39 against the dollar on Friday, according to Bloomberg
Indian rupee today: The domestic currency opened 8 paise lower at 85.40 against the dollar on Friday, according to Bloomberg
Indian Rupee today: The domestic currency closed 38 paise higher at 85.32 against the dollar on Thursday, according to Bloomberg
Indian Rupee today: The domestic currency opened 11 paise higher at 85.60 against the dollar, according to Bloomberg