Goatseus (GOAT) is the world’s first AI meme coin which was created by a self-controlled AI agent called Terminal of Truths which autonomously promotes the coin by posting on community platforms. GOAT has seen a 68% increase over the past month and touched an all-time high five days ago, placing it among the fastest currencies to cross $1 billion market cap within a month of launch.
Posts in category Economic Times
Forex reserves record biggest weekly drop as RBI moves to support rupee (22-11-2024)
At $17.8 billion, the reserves fell the most in the week ended November 15, eclipsing the $15 billion retreat in the week of October 24, 2008, when the subprime sinkhole had swallowed global financial assets – and emerging market currencies – in the immediate aftermath of the Lehman Brothers mothballing. This time, too, the rupee declined 79 paise per dollar, or 1%, since the reserves hit a record of $704.9 billion on September 27.
RBI injects Rs 25,000 cr via VRR route to boost system liquidity (22-11-2024)
The RBI injected funds worth Rs 25,000 crore via a variable rate repo auction (VRR) to ensure that recent overseas outflows from local debt and equity do not drive up banks’ cost of funds, analysts said. This is the second such auction that the RBI has conducted post its change in stance to neutral from withdrawal of accommodation.
Robust capex leads to surge in Adani Group’s gross assets (22-11-2024)
Adani Group’s gross assets surged by ₹75,277 crore in the first half of this fiscal year, fueled by increased capital spending. This growth, however, led to a rise in gross debt and a dip in liquidity.
Sebi asks MIIs to resolve whistleblower complaints in 60 days, outlines guidelines on governance (22-11-2024)
Sebi has introduced new guidelines to enhance accountability and governance in stock exchanges and other MIIs. These guidelines include resolving whistleblower complaints within 60 days, adopting RegTech and SupTech, and establishing SOPs for disciplinary actions against KMPs.
RBI focus is on clarity in communication since it adopted flexible inflation targeting: Deputy governor Michael Patra (22-11-2024)
The Reserve Bank of India (RBI) is prioritizing clear communication in its monetary policy, aligning with global practices. While the RBI emphasizes transparency, it refrains from providing specific forward guidance on inflation. Research indicates that the RBI’s communication tone significantly influences market expectations, particularly during periods of monetary policy tightening.
Indian Rupee ends stronger vs US dollar amid selling pressure (22-11-2024)
The rupee touched an intraday record low of 84.507 to a dollar, but ended stronger at 84.445/$1, despite the US dollar index strengthening to a two-year high, as the Reserve Bank of India (RBI) likely sold the greenback to cap further depreciation in the currency, traders said.
US stocks open muted ahead of business activity data; geopolitical tensions in focus (22-11-2024)
Wall Street’s main indexes had a subdued start on Friday as investors awaited a business activity survey and monitored geopolitical tensions between Ukraine and Russia.