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1 month ago

India’s forex reserves hit steepest weekly drop on record at over four month low to $657.8 billion; Here’s why

India's foreign exchange reserves fell to a more-than-four-month low last week, marking the sharpest weekly fall on record, dragged by a stronger US dollar following the US election verdict. It also indicated the Reserve Bank of India likely sold dollars in the market to support the local currency and limit its further decline after it dropped to a record low …

India Currency Billion Foreign Rbi Low Rupee

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

1 month, 2 weeks ago

What Trump's win means for the Indian rupee

Live Mint

Mumbai: The Indian rupee is expected to remain under pressure on the back of a strengthening US dollar as Donald Trump wins the presidential race, experts said, prompting the Reserve Bank of India to curb volatility in the forex market. “However, in a slowing and fragile global economy, we firmly believe that economics is likely to trump politics," said Kanika …

India Market Trump Indian Rbi Rupee Dollar

4 months ago

Rupee rises 11 paise to 83.84 against U.S. dollar in early trade

The Hindu

The Indian rupee appreciated 11 paise to 83.84 against the U.S. dollar in early trade on Monday, mirroring a positive momentum in domestic equities and fresh foreign fund inflows. “The rupee emerged as the least volatile among its peer currencies, a testament to the RBI’s decisive actions, which were further reflected in the nearly $5 billion dip in India’s Forex …

India Billion Rupee 11 Paise Forex Pabari

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

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

5 months ago

Forex kitty up by $10 billion to $667 billion

New Indian Express

MUMBAI: The country’s forex reserves, a key monetary defence against external risks, have rallied by a whopping $10 billion to touch an all-time high of $666.85 billion as of the week ending July 12, boosted by the heavy inflow into government debt after its inclusion into a global debt index from late last month. According to the latest data released …

Billion Forex Kitty

7 months ago

Indian forex reserve reaches all-time high with $648.7 billion for the week ending May 17: RBI

India TV News

The Reserve Bank of India in its latest release on Friday stated that the Indian foreign exchange reserve has risen to an all-time high $648.7 billion for the week ending May 17. Latest data breaches the highest ever record of April 5 Before three weeks of decline, the reserves had hit an all time high of USD 648.562 billion following …

India Billion Rbi Reserve Reserves

11 months, 3 weeks ago

Bangladesh's forex reserves stand at $17.20 billion, fall short of even relaxed IMF targets in 2023

Firstpost

At the close of December 2023, Bangladesh’s foreign exchange reserves stood at USD 17.20 billion, falling short of the International Monetary Fund’s adjusted target of a minimum of USD 17.78 billion. The IMF had initially approved a USD 4.7 billion loan for Bangladesh in January last year, establishing a minimum Forex Reserve, also known as the Net International Reserve, of …

Bangladesh Bank Billion 2023 Target Imf Usd

1 year ago

India’s forex reserves hit 20-month high; jump to $615.971 billion: RBI

Live Mint

Amid heavy inflows in Indian debt and equity markets, India's foreign exchange reserves rose for the fifth straight week, reaching an over 20-month high of $615.97 billion as of December 15, according to the data released by the Reserve Bank of India on Friday. The Reserve Bank of India's intervention in forex markets along with valuation changes impact reserves. Foreign …

India Indian Billion Reserve Reserves

1 year, 3 months ago

RBI can spend $30 billion of forex reserves to defend rupee: Deutsche Bank

Live Mint

Deutsche Bank Thursday said the Reserve Bank of India can spend up to $30 billion from the over $594 billion of forex reserves to defend the domestic currency and even though the country will be left sufficient reserves to take care of import bills for next ten months, reported PTI. The German brokerage said the Indian rupee is trading close …

Indian Prices Report Rbi Deutsche Bank

1 year, 4 months ago

Pakistan granted rollover on $2.4bn Chinese loan: minister

The Hindu

China has granted Pakistan a two-year rollover on a $2.4 billion loan, Islamabad said Thursday, giving the debt-saddled nation breathing space in its balance-of-payments crisis. Soaring inflation, shrinking dollar reserves and crippling foreign debt led Pakistan to the brink of default before a pivotal $3 billion IMF bailout was granted earlier this month. Finance Minister Ishaq Dar said China's EXIM …

Pakistan Imf Billion Loan

1 year, 5 months ago

India’s forex reserves rise by $1.85 billion to $595.05 billion; check details

Live Mint

India's foreign exchange reserves rose by $1.853 billion to $595.051 billion in the week ended on June 30, said the Reserve Bank of India. For the week ended on June 30, the foreign currency assets, a major component of the reserves, increased by $2.539 billion to $527.979 billion, according to the Weekly Statistical Supplement released by the RBI on Friday. …

India Billion Rbi Rupee Reserve Reserves

1 year, 6 months ago

Dedollarisation: China's state-owned banks cut interest rates on dollar deposits to boost forex trade in yuan

Firstpost

China is prepping its yuan to become the next dollar and the global reserve currency. In the latest salvo fired at the dollar, China has told its state-owned banks to substantially reduce interest on dollar deposits, a Reuters report said. In China, interest rates offered by the banks on dollar deposits of $50,000 and above have been capped at 4.3 …

China Interest Rates Interest Yuan Rates Dollar Deposits

1 year, 7 months ago

India's forex reserves rise $4.532 billion to $588.78 billion

The Hindu

India's foreign exchange reserves jumped $4.532 billion to $588.78 billion for the week ended April 28, the Reserve Bank of India said on Friday. In October 2021, the country's forex reserves had touched an all-time high of $645 billion. For the week ended April 28, foreign currency assets, a major component of the reserves, increased nearly $5 billion to $519.485 …

India Billion Reserve Reserves

1 year, 10 months ago

Gold shines bright as US Dollar dips: Fed chairman's inflation comments spark market reaction

India TV News

Gold Rate Today: On the Multi Commodity Exchange, gold futures opened at Rs. Data from the central bank shows that China's gold reserves rose from 64.64 million ounces at the end of December to 65.12 million fine troy ounces at the end of January. Federal Reserve Chair Jerome Powell has stuck to his post-Federal Open Market Committee rhetoric, which has …

Market Gold Fed Rate Powell Us Dollar

2 years ago

Rupee slips 10 paise to 82.80 against dollar

Deccan Chronicle

MUMBAI: The rupee declined 10 paise to settle at 82.80 against the US dollar on Wednesday as a massive sell-off in domestic equities and risk aversion in global markets dented investor sentiment. On the domestic equity market front, the BSE Sensex ended 635.05 points or 1.03 per cent lower at 61,067.24, while the broader NSE Nifty fell 186.20 points or …

Cent Rupee 10 Paise

2 years ago

Rupee declines 13 paise to 82.75 against dollar

Deccan Chronicle

MUMBAI: The rupee depreciated 13 paise to settle at 82.75 against the US dollar on Tuesday as investors turned cautious in view of a negative trend in domestic equities and rising crude prices in the global markets. On the domestic equity market front, the BSE Sensex ended 103.90 points or 0.17 per cent lower at 61,702.29, while the broader NSE …

Rupee 13 Paise

2 years ago

Rupee falls 3 paise to close at 81.71 against US dollar

Deccan Chronicle

MUMBAI: The rupee slipped 3 paise to close at 81.71 against the US dollar on Tuesday as rising crude oil prices in the international market weighed on forex market sentiment. At the interbank foreign exchange market, the local unit opened strong at 81.58 but later slipped into the negative territory. Global oil benchmark Brent crude futures surged 2.33 per cent …

3 Paise Local Unit Unit Forex Rupee Slipped Local Unit Forex

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

2 years, 2 months ago

Decline in India’s forex reserves largely due to valuation changes arising from appreciating U.S. dollar: FM Sitharaman

The Hindu

The decline in India’s foreign exchange reserves is largely due to the valuation changes arising from an appreciating U.S. dollar, Union Finance Minister Nirmala Sitharaman said. Two-thirds of the decline in reserves is due to valuation changes arising from an appreciating U.S. dollar and higher U.S. bond yields,” Ms. Sitharaman said. “‘Tense’ and ‘uncertain’ geopolitical environment could trigger supply concerns …

India Growth World Bank Sitharaman Imf 2022

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

2 years, 3 months ago

Rupee rises 8 paise to close at 79.79 against US dollar

Deccan Chronicle

MUMBAI: The rupee appreciated 8 paise to close at 79.79 against the US dollar on Monday, in line with a firm trend in domestic equities. The dollar index, which measures the greenback's strength against a basket of six currencies, rose 0.28 per cent to 109.83. Gains in the dollar extended after non-farm payrolls numbers released from the US came in …

Rupee Dollar Us Dollar 8 Paise

2 years, 4 months ago

RBI ’correct’ to use forex reserves to tackle rupee volatility: Economic Adviser

Live Mint

The Reserve Bank of India is justified in using the country's foreign exchange reserves to smooth out volatility in the rupee's moves against the dollar, a member of the Economic Advisory Council said on Monday. "Longer term, we need to maintain overall macro-stability and allow the cycle to play itself out," said Sanyal, who was previously India's chief economic adviser. …

India Rbi Usd Sanyal

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Articles for Forex, search results for dollar

India’s forex reserves hit steepest weekly drop on record at over four month low to $657.8 billion; Here’s why

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

What Trump's win means for the Indian rupee

Rupee rises 11 paise to 83.84 against U.S. dollar in early trade

Ethiopia receives IMF relief after easing forex curbs

Ethiopia currency slides as central bank eases forex curbs

Forex kitty up by $10 billion to $667 billion

Indian forex reserve reaches all-time high with $648.7 billion for the week ending May 17: RBI

Bangladesh's forex reserves stand at $17.20 billion, fall short of even relaxed IMF targets in 2023

India’s forex reserves hit 20-month high; jump to $615.971 billion: RBI

RBI can spend $30 billion of forex reserves to defend rupee: Deutsche Bank

Pakistan granted rollover on $2.4bn Chinese loan: minister

India’s forex reserves rise by $1.85 billion to $595.05 billion; check details

Dedollarisation: China's state-owned banks cut interest rates on dollar deposits to boost forex trade in yuan

India's forex reserves rise $4.532 billion to $588.78 billion

Gold shines bright as US Dollar dips: Fed chairman's inflation comments spark market reaction

Rupee slips 10 paise to 82.80 against dollar

Rupee declines 13 paise to 82.75 against dollar

Rupee falls 3 paise to close at 81.71 against US dollar

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

Decline in India’s forex reserves largely due to valuation changes arising from appreciating U.S. dollar: FM Sitharaman

Falling reserves and the bogey of the RBI’s role

Rupee rises 8 paise to close at 79.79 against US dollar

RBI ’correct’ to use forex reserves to tackle rupee volatility: Economic Adviser