How a Digital Yuan threatens to imperil Bitcoin’s biggest markets

By Joanna Ossinger Trouble may be brewing in China for Bitcoin’s raucous and divisive rally as the nation pushes ahead with a world-leading effort to create a digital version of its currency. That’s because the eventual rollout of the virtual yuan could roil cryptocurrency markets if Chinese officials tighten regulations at the same time, according […]

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RBI remains net buyer of US dollar in December, buys $10.014 bn

MUMBAI: The Reserve Bank of India (RBI) remained net buyer of the US in December after it purchased $3.991 billion from the spot market, data showed. During the reporting month, the central bank bought $10.014 billion and sold $6.023 billion in the spot market, the RBI said in its monthly bulletin for February 2021. In […]

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FM Nirmala Sitharaman attends G20 Central Bank Governors’ Meet

Union Finance and Corporate Affairs Minister Nirmala Sitharaman has participated virtually in the First G20 Finance Ministers and Central Bank Governors (FMCBG) meeting under the Italian Presidency to discuss policy actions for transformative and equitable recovery. The other issues on the agenda on Friday included global economic outlook, financial sector issues, financial inclusion and sustainable […]

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