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If BRICS shifts away from the U.S. dollar, India can lower its foreign exchange risks and reduce reliance on a single currency, boosting trade stability. I am all for it.
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๐ต Chinaโs Currency Ascends As De-Dollarization Gathers Pace โก๏ธ As of March 2024, over half of Chinaโs international payments were settled in renminbi (RMB), surpassing the U.S. dollar (USD) for the first time. This marks a significant milestone in
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RBI Increases Gold Purchases The Reserve Bank of India has significantly increased its gold purchases, buying 50 tonnes so far in FY25. This move aims to diversify its foreign exchange reserves and mitigate revaluation risks, as part of efforts to m
See MoreInvestor and traderย โขย 1y
Hello everyone , we are creating a platform where people can invest and trade in cryptocurrency. As in India all foreign exchange are banned. And only few indian exchanges are working. Our idea is to create a Indian platform for indian people where t
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Waaree Energies has launched its IPO to raise โน4,321.44 crore, with an oversubscription of 3.47 times on the first day. However, investors should be mindful of risks like significant reliance on the U.S. market and fluctuations in material costs
Entrepreneurย โขย 8m
The Truth of the Rupeeโs All-Time Low & Actionable Insights (5 Minute Read) The Indian Rupee (INR) recently fell to an all-time low of 84.1950 against the U.S. Dollar (USD). This decline follows a stronger USD, driven by early U.S. presidential ele
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Why Israel is attacking Iran? Itโs not about nukes. Thatโs just the excuse. The real reason? Oil and the U.S. dollar. Iran sells oil cheap โ up to 30% below market โ and doesnโt use dollars. This threatens the petrodollar system, where global oil mu
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Amidst rising trade tensions, U.S. President Donald Trump reportedly urged Apple CEO Tim Cook to halt manufacturing expansion in India. According to Bloomberg, Trump stated, 'We are not interested in you building in India. India can take care of th
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Apple plans to shift all U.S.-bound iPhone production to India, marking a significant move to reduce its reliance on China. This strategic pivot comes as the tech giant seeks to diversify its supply chain amid rising geopolitical tensions and trade u
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