The US dollar index is a measure of the US dollar relative to a basket of foreign currencies. It was established by the US Federal Reserve in 1973 with a base of 100 after the Bretton Woods Agreement collapsed. The six currencies which are included in the US dollar index are America’s major trading partners. … Read more
Asian shares fell and the dollar steadied on Wednesday as investors waited for a key U.S. report on inflation to provide hints to the Federal Reserve‘s plans for future monetary tightening. The Consumer Price Index (CPI) report will be released later today, with markets watching for signs that inflation eased in July despite last week’s … Read more
New Delhi: Riding high on the back of buying by FIIs, healthy monsoon and better than expected earnings season, Sensex has rallied over 2,800 points in just four days to scale 58,000. Analysts believe that if the US dollar index continues to slide against major currencies, the bounce back in Indian equities may last longer. … Read more
NEW DELHI: With the Indian rupee crossing the 80 level against the US dollar, experts say the changing dynamics in the forex market can be a tailwind for stock investors in a turbulent market if their portfolios are positioned accordingly. While the strategy is simple – increase weightage on exporters and trim holdings in importers … Read more
New Delhi, Jul 14 (PTI) IT platform for mental health therapy Wysa has raised USD 20 million (about Rs 160 crore) in a funding round led by HealthQuad, the company said on Thursday. Wysa plans to use the capital to expand into the US, the UK, India and other global markets across enterprises, payors, providers … Read more
India’s forex reserves fell by 2.68 billion to around $593.2 billion for the week ended May 13 with a sizable contraction of gold reserves aiding the fall, show latest data from the Reserve Bank of India. While the foreign currency assets fell by 1.3 billion, During the week, the gold reserves dropped by 1.17 billion … Read more
The collective sigh of relief in markets after Federal Reserve Chair Jerome Powell pushed back against super-sized hike speculation may be short lived. The worry is that absent tough action, markets face a toxic combination of persistently high inflation and slower growth. While the Fed hiked rates by 50 basis points, the most since 2000, … Read more
Foreign-owned assets in India increased by USD 37.3 billion in the September quarter while Indian residents’ overseas financial assets rose by USD 31.9 billion during the same period, RBI data showed on Friday. According to India’s International Investment Position (IIP), the liabilities stood at USD 1,258.9 billion during the July-September quarter as compared to USD … Read more
USAID, through the SAMRIDH facility, has also recently funded healthcare enterprises The United States Agency for International Development (USAID)-supported SAMRIDH Healthcare Blended Financing Facility has committed $27 million to support India’s national health priorities, including oxygen delivery systems, cold chain storage for vaccines, supply chain management for COVID-19 medicines, training for healthcare workers, and other … Read more
New Delhi: Telehealth platform Truemeds on Tuesday said it has closed its USD 5 million (over Rs 35 crore) funding round led by InfoEdge Ventures, Asha Impact and Indian Angel Network Fund. The funding will be used to expand its footprint to three additional cities, build product and technology and invest in improving the supply … Read more