Argentina-US deal: Buenos Aires formalises $20bn currency swap pact with Washington
Argentina’s central bank formalized a $20 billion currency swap with the United States to bolster economic stability and international reserves. This accord, backed by the ...
Global economic turmoil: IMF wants world leaders, central banks to ‘buckle up’; here’s the 4-pronged strategy it recommends
Amidst global economic turmoil, the IMF urges world leaders to ‘buckle up’ with a four-pronged strategy. This involves building fiscal buffers, strengthening trusted institutions, deepening ...
Argentina-US swap line talks: Washington proposes $20 billion support; peso rises 2.4% ahead of elections
The US Treasury considers a $20 billion swap line for Argentina’s central bank. Treasury Secretary Scott Bessent announced the talks. This move aims to stabilize ...
Government keeping ‘good watch’ on rupee movement: Sitharaman
Finance Minister Nirmala Sitharaman stated the government is closely monitoring exchange rates, highlighting the widespread depreciation of currencies against the strengthening US dollar. The rupee ...
Central banks independence debate: ECB’s Lagarde warns subverting Fed could trigger disruption; says bank’s autonomy as ‘critically important’
Christine Lagarde cautioned against undermining central bank independence, citing potential dysfunction and instability. Her remarks, delivered amidst President Trump’s pressure on the Federal Reserve to ...
Forex update: Reserves fall by $3 billion to $699.736 billion in early July; foreign currency assets slip sharply
India’s foreign exchange reserves experienced a decline of $3.049 billion, reaching $699.736 billion for the week ending July 4, as per RBI data. This decrease ...
Forex watch: Forex reserves jump $4.84 billion to $702.78 billion, overall kitty inches closer to all-time high
India’s foreign exchange reserves experienced a significant increase of $4.84 billion, reaching $702.78 billion for the week ending June 27, according to RBI data. This ...
US Fed policy outlook: Fed chair Jerome Powell says central bank must remain ‘non-political’ as Donald Trump pressure mounts, rate cut still not ruled out
Jerome Powell highlights the importance of the Federal Reserve’s independence. This comes as Donald Trump pushes for interest rate cuts. Powell says the Fed is ...
Asian markets stabilise as US bond yields retreat after tax-cutting budget clears key hurdle
Asian markets rebounded following a volatile period, buoyed by receding US bond yields and optimism surrounding economic stability. Investors are closely monitoring the potential impact ...
