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Forex reserves fall by $3.23 billion; Rupee gains 10 paise
1 week, 4 days ago

Forex reserves fall by $3.23 billion; Rupee gains 10 paise

New Indian Express  

MUMBAI: With the rupee hitting a new low of 84.88 to the dollar last week, the Reserve Bank of India continued selling the greenback, resulting in a further decline in forex reserves by $3.23 billion, bringing them to $654.86 billion for the week ending December 6. According to the weekly statistical supplement released by the central bank on Friday, foreign …

Billion Low Rupee Reserve 10 Paise Paise Forex
India’s forex reserves fall for sixth straight week to hit 3-month low of $675.6 billion, down $29 billion from peak
1 month, 1 week ago

India’s forex reserves fall for sixth straight week to hit 3-month low of $675.6 billion, down $29 billion from peak

Live Mint  

India's foreign exchange reserves dropped for a sixth consecutive week to a near 3-month low of $675.65 billion as of Nov. 8, data from the Reserve Bank of India showed on Friday. In the previous reporting week, the forex reserves had dropped by USD 2.675 billion to USD 682.13 billion. For the week ended November 8, foreign currency assets, a …

India Billion Foreign Rbi Usd Reserves Foreign Currency Assets
Forex reserves dip for fifth week to over two-month low, rupee slides to record low
1 month, 2 weeks ago

Forex reserves dip for fifth week to over two-month low, rupee slides to record low

New Indian Express  

MUMBAI: The foreign exchange reserves continued to fall for the fifth consecutive week to an over two-month low of $682.13 billion for the week ending November 1, dropping by $2.7 billion as the central bank continued to defend the unit which has been under continuous assault by the dollar. Since the peak it climbed in the week to September 27, …

Billion Low Forex
India's Forex Reserves Soar to $704.885 Billion, Breaking Record Milestone
2 months, 2 weeks ago

India's Forex Reserves Soar to $704.885 Billion, Breaking Record Milestone

Live Mint  

India's foreign exchange reserves have reached a new milestone, crossing the $700 billion mark for the first time. This surge has been driven by valuation gains and dollar purchases made by the RBI. India is now only the fourth economy in the world to reach this significant milestone, joining China, Japan, and Switzerland.

India's forex reserve gained $66 billion in 2024, may cover year of projected imports
3 months, 1 week ago

India's forex reserve gained $66 billion in 2024, may cover year of projected imports

India TV News  

India's foreign exchange reserves have been increased by $66 billion this year as it continue to rise for months, hitting several all-time highs. In contrast, India's foreign exchange reserves saw a decline of $ 71 billion in 2022. Forex reserves, or foreign exchange reserves, are assets held by a nation's central bank or monetary authority. Foreign exchange reserves are generally …

India Billion Rbi Reserve Foreign Exchange Reserves Forex Reserves
India's forex reserves drop by $4.8 billion to $670.11 billion
4 months, 1 week ago

India's forex reserves drop by $4.8 billion to $670.11 billion

Hindustan Times  

India's forex reserves dropped by USD 4.8 billion to USD 670.119 billion for the week ended August 9, the Reserve Bank of India said on Friday. India's forex reserves dropped by USD 4.8 billion to USD 670.119 billion for the week ended August 9 In the previous reporting week, the kitty jumped by USD 7.533 billion to an all-time high …

India Billion Usd Reserves
Ethiopia receives IMF relief after easing forex curbs
4 months, 3 weeks ago

Ethiopia receives IMF relief after easing forex curbs

The Hindu  

Cash-strapped ased foreign exchange curbs on Monday as part of a broad economic reform package as the International Monetary Fund approved a loan to the Horn of Africa nation seeking a multibillion-dollar bailout. “This a landmark moment for Ethiopia” and the loan is a testament to the country’s “strong commitment to transformative reforms”, IMF Managing Director Kristalina Georgieva said in …

Market Bank Foreign Imf Ethiopia Nbe
Ethiopia currency slides as central bank eases forex curbs
4 months, 3 weeks ago

Ethiopia currency slides as central bank eases forex curbs

Hindustan Times  

Ethiopia's central bank announced on Monday that it was easing curbs on its foreign exchange regime, a move which saw the value of the local currency slide by about 30 percent. Ethiopia currency slides as central bank eases forex curbs The major reform was unveiled as the deeply indebted country awaits a multi-billion dollar deal on crucial funding from the …

Central Bank Bank Currency Nbe Curbs Ethiopia
India's forex reserves touch fresh highs at USD 655.8 billion
6 months, 1 week ago

India's forex reserves touch fresh highs at USD 655.8 billion

Op India  

India’s foreign exchange reserves jumped USD 4.307 billion to touch a new lifetime high of USD 655.817 billion during the week that ended June 7, official data from the Reserve Bank of India showed. According to the latest data released by the Reserve Bank of India, India’s foreign currency assets, the biggest component of the forex reserves, rose by USD …

India Billion Foreign Rbi Usd Reserve Exchange
India's forex reserves hit record high of $651.5 billion as of May 31
6 months, 2 weeks ago

India's forex reserves hit record high of $651.5 billion as of May 31

Hindustan Times  

India's foreign exchange reserves hit a record high of $651.5 billion as of May 31, the governor of the central bank said on Friday. India’s Forex reserves comprise of foreign currency assets, gold, special drawing rights and the RBI’s position with the International Monetary Fund. “Overall, we remain confident of meeting our external financing requirements comfortably.” RBI keeps repo rate …

India Foreign Rbi Reserves
Mahua Moitra to skip Enforcement Directorate summons in forex case today
8 months, 3 weeks ago

Mahua Moitra to skip Enforcement Directorate summons in forex case today

India Today  

Trinamool Congress leader Mahua Moitra will skip a summons issued by the Enforcement Directorate to appear today in a Foreign Exchange Management Act violation case linked to the cash-for-query scam. Moitra, who is fighting the Lok Sabha election from Krishnanagar, has communicated her decision to the central probe agency and requested them not to call her until the polls are …

Cbi Mahua Moitra Hiranandani
India's forex exchange reserves at over two-year high
9 months, 1 week ago

India's forex exchange reserves at over two-year high

Op India  

India’s foreign exchange reserves rose by USD 10.470 billion to USD 636.095 billion in the week that ended on March 8, as per the latest data released by the Reserve Bank of India. Before March 8 week, the foreign exchange reserves rose by USD 6.554 billion to USD 625.626 billion, data showed. During the latest week, India’s foreign currency assets, …

India Billion Foreign Rbi Usd Forex Reserves Exchange Reserves
India's forex reserves hit over 20-month high, jump $9.112 bn to $615.971 bn
1 year ago

India's forex reserves hit over 20-month high, jump $9.112 bn to $615.971 bn

Firstpost  

India’s foreign currency assets, the biggest component of the forex reserves, rose USD 8.349 billion to USD 545.048 billion, the central bank’s weekly statistical data showed. India’s foreign exchange reserves rose for the fifth straight week, reaching an over 20-month high of $615.97 billion as of Dec. 15, data from the Reserve Bank of India showed on Friday. Before December …

India Bank Currency Central Billion Foreign Rbi
‘Very thin budget’: Forex shortage triggers cost-of-living crisis in Malawi
1 year, 2 months ago

‘Very thin budget’: Forex shortage triggers cost-of-living crisis in Malawi

Al Jazeera  

Malawi says its forex reserves are ‘nearly empty’. “The pandemic destabilised tobacco export and when the war started, the prices of chemical fertiliser skyrocketed, meaning that we couldn’t afford the quantities that we needed any more,” he said. ‘The worst is yet to come’ To stabilise dwindling forex reserves, Malawi’s central bank devalued the kwacha by 25 percent last May. …

Country Malawi Forex Blantyre Tchereni Kwacha Kambale
Gujarat: ED seizes assets worth Rs 3.10 crore in illegal forex trading case
1 year, 3 months ago

Gujarat: ED seizes assets worth Rs 3.10 crore in illegal forex trading case

India TV News  

In a major crackdown on illegal forex trading, the Enforcement Directorate conducted searches at the premises of TP Global FX, a foreign exchange trader based in Ahmedabad. The ED's investigation revealed that individuals associated with the company, including Prasenjit Das, Shailesh Kumar Pandey, Tushar Patel, and others, had defrauded people by falsely promising investments in forex trading. Additionally, the central …

Gujarat Trading Crore Rbi Forex Forex Trading Tp Global Fx
Pakistan’s forex reserves double to $8.73 billion
1 year, 5 months ago

Pakistan’s forex reserves double to $8.73 billion

Live Mint  

Pakistan's foreign exchange reserves have surged to a nine-month high following a fresh financial bailout from the International Monetary Fund. The country's reserves nearly doubled to $8.73 billion as of July 14, with inflows coming from the IMF and friendly nations like Saudi Arabia and the UAE. The financial assistance, totaling around $4.2 billion received last week, comes as Pakistan …

Pakistan Report Billion Imf
Pakistan Central Bank’s Forex Reserves Decrease by $354 Million; Now Stand at $4.2 Billion
1 year, 8 months ago

Pakistan Central Bank’s Forex Reserves Decrease by $354 Million; Now Stand at $4.2 Billion

News 18  

The forex reserves held by Pakistan’s central bank decreased by another $354 million to $4.2 billion, according to the State Bank of Pakistan. “During the week ended on March 24, 2023, SBP’s reserves decreased by $354 million to $4,244.3 million due to external debt repayment,” the SBP said in a statement. Total liquid foreign reserves held by the country stood …

Pakistan Sbp Reserves Decrease
Pakistan economic crisis: Inflation, forex reserves among 5 worrisome indicators
1 year, 10 months ago

Pakistan economic crisis: Inflation, forex reserves among 5 worrisome indicators

Live Mint  

Pakistan has been struggling with an economic downfall for the last few months with multiple indicators clearly suggesting that the country is battling its worst nightmare since 1971 when the country lost a war against India and partitioned from Bangladesh. Let's know Pakistan's economic situation with these economic indicators, 1) External debts jump by 70% Pakistan's external debt servicing rose …

Pakistan Country Debt Servicing Quarter Imf Dawn Reserves
Pakistan imports threatened as forex reserves hit eight-year low
1 year, 11 months ago

Pakistan imports threatened as forex reserves hit eight-year low

Firstpost  

Pakistan has just $11.4 billion in reserves – enough to pay for just three weeks of imports, traders and economists say Karachi: Pakistan’s central bank forex reserves have plunged to an eight-year low of $5.6 billion, posing a serious challenge for the country in financing imports. Coupled with another $5.8 billion held by commercial banks, the nation has $11.4 billion …

Imf Karachi Pakistan
Pakistan central bank’s forex reserves fall to near four-year low
2 years ago

Pakistan central bank’s forex reserves fall to near four-year low

Al Jazeera  

Announcement by the State Bank of Pakistan comes as the country is in dire need of foreign aid. Islamabad, Pakistan – Pakistan’s central bank says its foreign exchange reserves have fallen to $6.7bn, its lowest level in nearly four years as the country battles an economic crisis. Thursday’s announcement by the State Bank of Pakistan came as the country is …

Pakistan Bank Pay Country Foreign Low Imf
India’s forex reserves rise at fastest pace since August 2021
2 years, 1 month ago

India’s forex reserves rise at fastest pace since August 2021

Live Mint  

India's foreign exchange reserves rose to $544.72 billion in the week through November11, marking their biggest weekly jump in more than a year, the Reserve Bank of India's weekly statistical supplement showed on Friday. The Reserve Bank of India sold $10.36 billion worth of foreign currency on a net basis in September. Data released showed sales in September were 144 …

India Billion Rbi
Forex Reserves Up by $204 Million to $532 Billion in First Weekly Rise Since August
2 years, 2 months ago

Forex Reserves Up by $204 Million to $532 Billion in First Weekly Rise Since August

News 18  

India’s forex reserves rose by $204 million to $532.868 billion for the week ended October 7 helped by a jump in the value of gold holdings, the Reserve Bank of India said on Friday. This is the first weekly rise in the kitty since the seven days ended August 27, when the overall reserves stood at $571.56 billion. Foreign currency …

Billion Reserves Rose
Falling reserves and the bogey of the RBI’s role
2 years, 2 months ago

Falling reserves and the bogey of the RBI’s role

The Hindu  

There is a widespread misconception that the Reserve Bank of India has been depleting India’s foreign exchange reserves to defend the rupee. The RBI cannot simply fritter away India’s forex reserves, held mostly in dollars, by charging its “nostro” account with the Federal Reserve Bank of New York, New York. Central bank as regulator, player and jury The RBI’s intervention …

Market Bank Billion Exchange Dollars Forex Reserves
The RBI might hike rate by 50 bps
2 years, 2 months ago

The RBI might hike rate by 50 bps

Live Mint  

MUMBAI : The Reserve Bank of India’s rate-setting panel is likely to raise policy rates by 50 basis points at its meeting this week, economists said, as the dollar’s strength derived from the US Federal Reserve’s aggressive rate action has complicated the Indian central bank’s efforts to ease rate hikes after raising them by 1.4% since May. View Full Image …

India Inflation Liquidity Hike Fed Rate Rbi