Mumbai, The rupee depreciated 6 paise to 81.77 against the US dollar in early trade on Monday, tracking a lacklustre trend in domestic equity markets and a
Australian shares are set to rise on Friday, after European stocks rise on hopes of smaller interest rate rises from the US. Meanwhile, Binance announces $US1 billion crypto bailout.
Bitcoin has to fall before it stages any recovery, down more than 23 per cent in two days
Transatlantic travel is booming, driving airline revenue as Americans armed with a strong US dollar fly to Europe and the UK.
Crypto Currency Bitcoin rose by almost 4 per cent after dropping to its lowest at $18,300 post-US inflation data was released
The rupee depreciated 38 paise to 81.78 against the US dollar in early trade on Monday, tracking a muted trend in domestic equities and risk-off sentiment
The global cryptocurrency market cap was trading significantly lower at $909.80 billion, dropping as much as 7 per cent in the last 24 hours. However, the total trading volume zoomed about 45 per cent, close to $69.53 billion.
The closely watched CPI report showed consumer prices unexpectedly rising in August at an annual pace of 8.3%, not far from the four-decade peak reached in June
The jump in monthly inflation has reignited fears over the US central bank’s grip on price pressures.
Bitcoin suffers quite a bit early in the year as investors turn to safer assets.