rupee – DIGIT INFO

India and Russia to Enhance Trade With Rupee-Ruble Payments

DIGIT — Fri, 16 Aug 2024 11:20:12 +0000

India and Russia are discussing ways to enhance bilateral trade by adopting payments in their national currencies and reducing non-tariff barriers. The talks aim to facilitate rupee-ruble trade and address trade imbalances, particularly as petroleum dominates current transactions. With a significant trade deficit favoring Russia, both nations seek to diversify trade beyond oil and create […]

Go to Source

BRICS Currencies to Have No Alternative, Former Russian President Medvedev Says

DIGIT — Thu, 27 Apr 2023 09:30:44 +0000

Fiat currencies of BRICS member states will have no alternative in the future, according to former President of Russia Dmitry Medvedev. Nations in the bloc need to think about their digital forms and a digital currency issued by the group as a whole, the Russian politician said. Ruble, Yuan, Other BRICS Currencies to Take Over […]

Go to Source

Dollar to Play Lesser Role Due to Its Weaponization, Digital Currencies, Economist Jeffrey Sachs Says

DIGIT — Mon, 10 Apr 2023 05:30:35 +0000

Within the next decade, the U.S. dollar will play a much less dominant role than it is today, according to Jeffrey Sachs. The renowned economist listed a few factors for the diminishing status of the greenback such as its use as a political weapon by Washington, the introduction of currencies like the digital yuan, and […]

Go to Source

India to Facilitate International Settlements in Rupees to Reduce Dependence on the US Dollar

DIGIT — Mon, 03 Apr 2023 09:34:57 +0000

The government of India has announced that it will facilitate the settlement of international transactions using its national currency, the rupee. As part of its foreign trading policy framework implemented on April 1, the country introduced this measure to facilitate payments for countries experiencing a U.S. dollar crush. India to Offer Rupee-Based Settlement Options for […]

Go to Source

Sberbank Analyst’s Editorial Delves Into the ‘Tremendous Potential’ of a BRICS Reserve Currency Fueling De-Dollarization

DIGIT — Sat, 07 Jan 2023 19:30:16 +0000

During the last month, Russia’s ruble has dropped 16.48% against the U.S. dollar as energy and commodity prices have slowed over the last few weeks. Russia’s central bank revealed two weeks ago that it is further distancing itself from U.S. dollar dependence by purchasing the Chinese yuan on foreign exchange markets. Roughly around the same […]

Go to Source

Report: Indian Government Concerned Cryptocurrencies Could Undermine the Rupee

DIGIT — Tue, 05 Feb 2019 06:05:40 +0000

The Indian government panel tasked with drafting crypto regulation is reportedly worried that cryptocurrencies could destabilize the rupee if they are accepted as payments. Its concern came to light despite evidence that cryptocurrencies do not currently pose a threat to financial stability. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Impact on […]

The post Report: Indian Government Concerned Cryptocurrencies Could Undermine the Rupee appeared first on Bitcoin News.

Go to Source

50 Indian Traders Share Thoughts on Investing, RBI Ban, Future of Crypto in India

DIGIT — Tue, 16 Oct 2018 13:50:46 +0000

Fifty traders who use Indian crypto exchange Instashift have shared their thoughts on the current crypto environment in India. Most of them said that they “hodl” and would continue to invest in crypto despite regulatory uncertainty. Also read: RBI Argues Supreme Court Should Not Interfere With Its Crypto Decision Most Respondents Are Hodlers A survey was […]

The post 50 Indian Traders Share Thoughts on Investing, RBI Ban, Future of Crypto in India appeared first on Bitcoin News.

Go to Source

India Exchange Unocoin Suspends Withdrawals Following Central Bank Demands

DIGIT — Tue, 24 Jul 2018 07:30:20 +0000

“Deposits/Withdrawals Notice,” came the post title from popular Indian cryptocurrency exchange Unocoin this week. “As per orders from RBI,” the exchange explained, “bank INR withdrawals and INR Deposits have temporarily been disabled. Once an alternative method of funding is identified and deployed, we will resume the deposit and withdrawal services.” Also read: Cryptowhispers: DDoS Attacks, […]

The post India Exchange Unocoin Suspends Withdrawals Following Central Bank Demands appeared first on Bitcoin News.

Go to Source

Bitcoin Price Watch: Currency Sinks to New Low

DIGIT — Fri, 22 Jun 2018 17:45:46 +0000

At press time, bitcoin has shrunk down to $6,100 – the lowest it’s been in nearly four months. All the talk of bitcoin developing newfound resistance appears to be moot; the coin remains as vulnerable as ever, and traders should brace themselves for bitcoin to strike the $5,000 range next. The problems seem to be ... Read more

Coindcx Launches Indian Crypto-to-Crypto Exchange Amid Regulations

DIGIT — Sun, 08 Apr 2018 05:55:36 +0000

This week the Reserve Bank of India (RBI), the country’s central bank, has banned banks from dealing with cryptocurrency businesses. Indian financial institutions have three months to cease doing business with digital asset operations but some of them may stop facilitating INR settlements. News.Bitcoin.com spoke with Sumit Gupta the founder and CEO of a new […]

The post Coindcx Launches Indian Crypto-to-Crypto Exchange Amid Regulations appeared first on Bitcoin News.

Go to Source