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Indian Bank revises rates on Foreign Currency Non-Resident deposits Public sector Indian Bank has revised the interest rates on Foreign Currency Non-Resident (banking) term deposits with immediate effect. For FCNR (B) deposits, in US dollar terms, the interest rates have been revised to 3.09 per cent for deposits of one year and above, but less than two years from the ...
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A US strong dollar: An economic boost or handicap? YES: Currency strength can be considered an economic indicator if its comparative value is measured against other markets free from governmental manipulation. U.S. policy dating from the '90s has held that a strong dollar is a product of a strong overall economy. Our domestic purchasing capacity is ...
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Letting the US dollar 'float' is the nation's best policy President Donald Trump, not wanting the U.S. seen to be manipulating its currency — especially after criticizing China for doing exactly that — quickly moved to assure the global financial markets that Mnuchin's words had been misinterpreted. In some respects, the president's statement was more ...
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NYU Economist Says Bitcoin Is "The Biggest Bubble In Human History" (BTC) From Tyler Durden: NYU economist Nouriel Roubini — aka "Dr. Doom" — has long been a cryptocurrency skeptic. So it's hardly surprising that he delighted in bashing the cryptocurrency during an appearance on Bloomberg TV Friday, where he said the bitcoin boom that carried the price of a single ...
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Bitcoin loses more than half its value amid crypto crash On Tuesday, news that U.S. regulators sent subpoenas to the virtual currency exchange Bitfinex and sister company Tether contributed to a 10 percent decline in Bitcoin prices that day, Bloomberg reported. Regulators in other countries, like India, have also added to the spate of reports. For long-term ...
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Bitcoin Ban Expands Across Credit Cards as Big US Banks Recoil Mastercard Inc. said this week that cross-border volumes on its network -- a measure of customer spending abroad -- have risen 22 percent this year, fueled partly by clients using their cards to buy digital currencies. The firm warned that the trend already was beginning to slow as cryptocurrency prices ...
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