What is 'yen carry trade'

yen carry trade

This trading strategy involves borrowing money in Japan, where interest rates are low, and investing it in other countries with higher returns. As Japan started raising interest rates, this trade became less profitable.

First State to Procure All Crops at MSP

Haryana Chief Minister Nayab Singh Saini announced that the state would buy all crops at the Minimum Support Price (MSP)

Turkey Blocks Instagram Access

Turkey’s Information and Communication Technologies Authority announced a block on Instagram.

India to Host Men’s Asia Cup Cricket in 2025.

Laos Unveils World’s First Stamp of Lord Rama.

Japan’s Sado Gold Mines Added to UNESCO World Heritage List.

Manu Bhaker Wins Bronze in Women’s 10m Air Pistol

22-year-old Manu Bhaker won a historic bronze medal in the women’s 10m air pistol event at the 2024 Paris Olympics. She is the first Indian woman shooter to win this medal.

Rashtrapati Bhavan’s Durbar Hall and Ashok Hall, now renamed

President Droupadi Murmu changed the names of Rashtrapati Bhavan’s halls on July 25, 2024. “Durbar Hall” became “Ganatantra Mandap” and “Ashok Hall” became “Ashok Mandap.”

Shah Rukh Khan Honored With Gold Coins At Grevin Museum, Paris.

Joe Biden withdraws from US Presidential Elections

On July 21, 2023, US President Joe Biden revealed that he was dropping out of the race for president.