The so-called Yen carry trade has been in focus in the past few trading sessions in the wake of the selloff in shares of US technology giants. A look at what is Yen carry trade and what it means for the financial markets worldwide: What is a Carry Trade? A carry trade is a hugely … Read more
Mumbai: Volumes of exchange-traded currency derivatives on the National Stock Exchange (NSE) have plummeted by almost 90% ahead of the May 3 deadline to comply with the central bank’s directive for trades to be backed by underlying exposures. Average daily turnover for currency futures and options, including notional turnover for currency options, on the country’s … Read more
In a bid to combat the issue of fake notes, Pakistan’s central bank has announced its intention to introduce new currency notes equipped with advanced security features. Governor Jameel Ahmed of the State Bank of Pakistan shared that these notes will incorporate international best practices in security, featuring distinct security numbers and updated designs to … Read more
ET Intelligence Group: HCL Technologies (HCLTech) on Friday delivered better-than-expected numbers for the December quarter helped by the ramp up in Verizon deal and buoyancy in the software licence and subscription business. The country’s third largest IT exporter reported the strongest sequential growth of 6% in dollar-denominated revenue, excluding the currency fluctuation effects (constant currency) … Read more
