The dollar is having a great week against other currencies. This happened after US President Donald Trump announced new tariffs. The Japanese yen fell to a four-month low. The Canadian dollar also dipped. The euro remained low due to trade issues with Washington. Despite Trump’s criticism of Federal Reserve Chair Jerome Powell, the dollar stayed strong.
RBI eases restrictions on cash credit accounts, eases current account norms
The Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility for short-term working capital loans.