Search Results for 'Currency'

Foreign currency non-resident term deposit rates up

Indian Bank has revised the foreign currency non-resident (Bank) term deposit rates with immediate effect. The bank did not change the existing interest rate for deposits with maturity of one year and above, but less than two years at 2.3 [...]

Posted On : May, 07 2012 | Comments : 0

Banks enter sprint-race to prepare for new foreign currency ...

While the interbank dong/dollar exchange rate had been kept stable for the 99th day until April 28, commercial banks have raised the dollar prices continuously since April 26, before the new regulation on banks’ daily foreign curren [...]

Posted On : May, 02 2012 | Comments : 0

Currency market outlook from India Forex

Yesterday S&P downgraded, India`s outlook from stable to negative, making the investors cautious of the local growth story. The downgrade will increase the cost of funding for local companies and adding constrain to growth. The current ac [...]

Posted On : Apr, 26 2012 | Comments : 0

Currency News Unveils Plans For 2013 International Coin Conf...

PRNewswire via COMTEX/ -- Plans have been announced for the second international Coin Conference, which will focus on important issues facing the production, distribution and management of circulating coins. The 2013 conference, organi [...]

Posted On : Apr, 24 2012 | Comments : 0

In Currency Market, All Eyes on Central Banks

NEW YORK—Monetary-policy decisions in the U.S. and Japan could push the dollar higher this week, as both the Federal Reserve and the Bank of Japan meet to discuss whether their economies need more stimulus. Investors expect Japan [...]

Posted On : Apr, 23 2012 | Comments : 0

Yes, the loonie is a commodity currency: Here’s proof

If there’s still any doubt whether the Canadian dollar is a commodity currency, it can be put to rest: the venerable loonie is right up there with the Aussie and New Zealand dollars as currencies driven largely by the trade of unfin [...]

Posted On : Apr, 21 2012 | Comments : 0

Worst Africa Currency Seen Losing 9% by Standard Bank on Imp...

Ghana’s cedi, the worst-performing African currency, is poised to drop another 9.2 percent this year as rising imports and looming elections sap confidence, Standard Bank Group Ltd., the continent’s biggest lender. The curr [...]

Posted On : Apr, 18 2012 | Comments : 0

Singapore GDP Rebounding Prompts Faster Currency Gains

Singapore’s economy rebounded last quarter, prompting the central bank to unexpectedly tighten monetary policy by allowing faster currency gains to contain inflation. The local dollar rose. Gross domestic product rose an annualized [...]

Posted On : Apr, 13 2012 | Comments : 0

Japan Currency Chief Warns Against Delay Over Finances

Japan’s top currency official warned against delays in efforts to improve the nation’s finances as Prime Minister Yoshihiko Noda grapples with the world’s biggest public debt burden. Advanced economies such as Japan [...]

Posted On : Apr, 11 2012 | Comments : 0

Digital currency Bitcoin extends financial frontier

Financial traders have a new toy: Bitcoin – a digital currency variously dismissed as a Ponzi scheme or lauded as the greatest invention since the internet. Unlike conventional fiat money and other digital currencies, Bitcoin runs t [...]

Posted On : Apr, 09 2012 | Comments : 0

Currency Woes Curb Business in Malawi

An extreme shortage of foreign currency is forcing international companies to scale back their operations in Malawi, a country once seen as a promising destination for investment. The currency shortage began last year when foreign donors [...]

Posted On : Apr, 05 2012 | Comments : 0

Myanmar holds first free market currency auction

Myanmar has staged its first foreign exchange auction under a new currency regime that sets the kyat free from its previous fixed rate. The state-run New Light of Myanmar newspaper carried an announcement Tuesday that the Central Bank of [...]

Posted On : Apr, 04 2012 | Comments : 0

Registration of fake currency cases on the rise

ISLAMABAD: Counterfeit currency circulation is on the rise as 44 cases were filed in January 2012; 37 in December; and 28 in November 2011, read a report by the Free and Fair Election Network released on Thursday. The report, based on [...]

Posted On : Mar, 30 2012 | Comments : 0

Myanmar to float currency next month

The impoverished nation will adopt a managed floating exchange rate from April 1, allowing market forces to determine the value of the kyat while leaving room for the central bank to influence its value, state media said. It desc [...]