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Rupee hits new record low: Currency weakens to 90.46 versus US dollar; RBI likely intervened to stem fall

Rupee versus dollar (AI image) The Indian rupee tanked to a fresh record low on Thursday, going past the 90 mark versus the US dollar again. The rupee has been depreciating sharply this year, influenced by ongoing challenges on the India-US trade deal front and increased corporate dollar demands.The rupee declined to 90.4675 versus the…

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Bitcoin options are coming to Nasdaq. Here’s what it means for you

Nasdaq has moved closer to offering cash-settled bitcoin BTC$77,285.42 index options, a move set to democratize crypto risk management and eliminate legacy operational barriers. Last week, the U.S. Securities and Exchange Commission granted Nasdaq PHLX conditional approval to list European-style options under the ticker QBTC. These will be cash-settled, European-style options tracking the CME CF…

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Crypto’s wash trading problem is ‘far more common’ than investors think, DOJ sting shows

A U.S. enforcement case against alleged crypto market manipulation is once again putting the spotlight on wash trading and the blurry line between market makers and market manipulators. Federal prosecutors in California this week charged 10 individuals tied to firms including Gotbit, Vortex, Antier and Contrarian, accusing them of coordinating trades to inflate token prices…

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Parliament standing panel to summon airlines & DGCA next week over IndiGo fiasco | India News

The parliamentary standing committee on transport, tourism and culture will summon airlines and aviation regulator DGCA next week over the IndiGo fiasco.Sources said the panel, headed by JDU’s Sanjay Kumar Jha, will hold the meeting on Dec 15 or 16 with all stakeholders. “We will examine all aspects of the developments that led to mass…

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