
Exchange-traded funds dump gold for dollar
Year-to-date global Gold ETF outflows stand at $11 billion and total holdings have fallen by 189 tonnes at the end of September 2023.
Year-to-date global Gold ETF outflows stand at $11 billion and total holdings have fallen by 189 tonnes at the end of September 2023.
The rupee is holding strong against the dollar index compared with six major currencies in Asia.
Shares of TCS, Infosys, Wipro, HCL Technologies, and Tech Mahindra fell up to 2%, in sync with a weak broader market.
Two consecutive quarters of low gold purchases by the Indian central bank hints it is cooling-off on gold of late
The 'R' Club' led by rupee, renminbi, rouble, real, rand, riyal, rupiah & ringgit is posing serious threat to the greenback.
How China is using diplomacy to dethrone the USD and establish Renminbi as global currency
Kotak Mahindra Bank CEO says he meant a reserve currency has disproportionate power
The BIS Triennial Central Bank Survey of 2022 reports that only 1.62% of global transactions are settled in Indian rupee
The report notes that the current monetary system has repeatedly been criticised by senior policy makers, due to the stresses created outside the United States from major shifts in US monetary policy.
Central Banks globally have accumulated gold reserves this year at a pace not seen since 1967.