Emerging market currency crisis could lead to broader economic trouble

Having tumbled some 22 per cent from their January peaks, emerging equity markets are in territory commonly regarded as a bear market. Emerging market investors are trying to gauge whether a currency crisis and the steep interest rate hikes being used to fight it could turn into a broader slowdown and even recession. On Thursday, Turkey’s More...

by Loknath Das | Published 5 months ago
By Loknath Das On Monday, August 13th, 2018
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RBI net sells $6.184 bn of US currency in June

Reserve Bank of India continued to remain net seller of the US currency for the third consecutive month in June, after it sold $6.184 billion of the US dollar in the spot market, RBI data showed. During the reporting More...

By Loknath Das On Monday, August 13th, 2018
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After hitting new record low, Turkish lira pares some losses on central bank statements

Yasin Akgul | AFP | Getty Images People check currency exchange rates at a currency exchange office on August 11, 2018 in Istanbul. The Turkish lira retraced some losses after touching a new record low in Asia’s More...

By Loknath Das On Monday, August 13th, 2018
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Wars of the currency kind

Nations letting currency weaken can spur instability Recently, RBI Governor Urjit Patel warned that the global trade war could escalate into a currency war. Trade wars erupt when countries impose tit-for-tat tariffs More...

By Loknath Das On Saturday, July 21st, 2018
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US Treasury To Review If China Manipulated Its Currency

US Treasury Secretary Steven Mnuchin listens to a question during an interview. SAO PAULO: The United States is monitoring the recent weakness in China’s yuan currency and will review whether the currency More...

By Loknath Das On Saturday, July 21st, 2018
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Americans Can’t Understand The Value Of Decentralized Currency, But Many Other Countries Can

Director and Founding CEO at HIVE Blockchain (TSX.V: HIVE) – Canada’s first publically traded blockchain infrastructure company. Shutterstock Zimbabwe has a become a poster child of economic More...

By Loknath Das On Saturday, July 21st, 2018
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Currency War Threatens to Ripple Across Global Markets

An employee points to the inked printing plate of a sheet of 5 USD notes at the US Treasury’s Bureau of Engraving and Printing in Washington, DC July 20, 2018. – The dollar slid against the euro and More...

By Loknath Das On Saturday, June 16th, 2018
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Yes Bank gets shareholders nod to raise USD 1 billion

(Eds: Dropping words from headline) New Delhi, Jun 12 (PTI) Yes Bank today got shareholders nod for raising USD 1 billion (about Rs 6,700 crore) from various instruments, including Qualified Institutional Placements More...

By Loknath Das On Saturday, June 16th, 2018
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Rupee falls 13 paise on dollar demand, inflation concerns

Rupee falls 13 paise on dollar demand, inflation concerns The Indian rupee fell 13 paise to 67.62 level against the US dollar in early trade today on increased demand for the American currency from importers amid More...

By Loknath Das On Saturday, June 16th, 2018
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No research before ban: Was RBI reckless to stop banks from dealing with cryptocurrencies like Bitcoin?

The RBI on April 6 dealt a body blow to all the cryptocurrency exchanges and individuals doing virtual currency business in India by asking regulated institutions like banks to stop providing services to them. More...