Currency 28 March 2026

Rupee Near Record Low: Oil Shock Pushes India’s Currency Past 95 Against Dollar

The rupee fell past 95 per dollar on Monday, reaching 95.1850, after oil prices surged and U.S.-Iran peace talks stalled. Brent crude rose about 4% to over $105 a barrel. Prime Minister Modi urged Indians to save fuel and cut non-essential foreign spending. Indian stocks dropped, with the Nifty 50 down 1.16% and the Sensex off 1.28% in morning trade.

May 11, 2026

Currency·Economics·Finance·News

No More Pennies? Georgia and Washington Move on Penny Rounding as Rare Buffalo Nickel Error Surfaces

Georgia’s Senate passed a bill March 25 to require rounding cash transactions to the nearest nickel, following Washington, where a similar law takes effect June 11. The moves come after the last U.S. penny was struck in November 2025. About two dozen states have introduced rounding bills. A federal measure has cleared committee but awaits a House vote.

March 28, 2026

Investing £250 Monthly in FTSE Shares to Secure £10,000 Passive Income
May 23, 2026, 4:02 AM EDT. Investing £250 a month in FTSE shares through a low-cost index fund can potentially grow to £260,602 in 26 years, yielding a £10,424 annual passive income based on the 4% withdrawal rule. Direct stock picking in companies like Safestore Holdings (LSE:SAFE), which has delivered a 14.1% annual return over 15 years, could accelerate this timeline to 18 years. Safestore's resilience amid macroeconomic challenges, including higher interest rates and shifting customer demand, underpins optimism for sustained growth. The European self-storage market offers further growth prospects, making selective FTSE investment a compelling strategy for long-term income generation.