De-Dollarization: BRICS Could Swing 'Economic Wrecking Ball' at the Dollar
The US dollar could soon be in the same position as the British pound in the 1800s, a former White House economist warned.
Source: businessinsider.com
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The yuan is finally showing some muscle in international trade
The yuan's stealthy climb in global payments could see it pose a challenge to the U.S. dollar's dominance.
Source: japantimes.co.jp
First rupee payment for oil to UAE: India looks for more deals, no targets, says Officials
With the nation more than 85 per cent dependent on imports for meeting its oil needs, India has been pursuing a three-pronged strategy of buying from the cheapest available source, diversifying sources of supply and not breaching any international obligation like the price cap in case of Russian oil.
Source: moneycontrol.com
Rupee Rate: Rupee rises 11 paise to settle at 83.16 against US dollar, ET Auto
Rupee Rate: At the interbank foreign exchange, the domestic currency opened at 83.25 and traded in the range of 83.11 to 83.27 against the greenback during intra-day. The local unit finally settled at 83.16, registering a gain of 11 paise over its previous close.
Source: indiatimes.com
Companies Helping Russia Evade Sanctions Will Be Blacklisted by US: "They'll Face Consequences"
The United States and its European allies have announced plans to impose sweeping sanctions on countries, companies and individuals helping Russia evade sanctions.
Source: tuko.co.ke