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Articles for Forex, search results for end

Forex reserves jump $1.51 bn to $658.091 bn
2 weeks, 4 days ago

Forex reserves jump $1.51 bn to $658.091 bn

Deccan Chronicle  

Mumbai: India's forex reserves increased by USD 1.51 billion to USD 658.091 billion for the week ended November 29, the RBI said on Friday. For the week ended November 29, foreign currency assets, a major component of the reserves, increased by USD 2.061 billion to USD 568.852 billion, the data released on Friday showed. Gold reserves decreased by USD 595 …

Billion Usd Forex Reserves Reserves Increased
Leader of gang that duped forex traders arrested in Bengaluru
7 months ago

Leader of gang that duped forex traders arrested in Bengaluru

Hindustan Times  

MUMBAI: The Mumbai crime branch has arrested the mastermind behind the racket in which several forex traders were duped by men posing as rich individuals in need of foreign currency. In March this year, the police arrested three people, including a Bollywood make-up artist who allegedly took $60,000 from a forex trader in Santacruz and fled from the hotel. In …

Bengaluru Mumbai Accused Hotel Sharma Room Fir
China's forex reserves expected to increase in 2024
11 months, 2 weeks ago

China's forex reserves expected to increase in 2024

China Daily  

A clerk counts yuan bank notes and US dollar bills at a branch of the Industrial and Commercial Bank of China in Huaibei, East China's Anhui province. China's foreign exchange reserves will likely see a moderate increase this year amid improving export growth and recovering capital inflows after hitting a two-year high in December, experts said on Monday. Their comments …

China Gold Foreign Increase Dollar Gold Reserves Exchange Reserves
Bangladesh's forex reserves stand at $17.20 billion, fall short of even relaxed IMF targets in 2023
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
RBI can spend $30 billion of forex reserves to defend rupee: Deutsche Bank
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
RBI sold net 384 million dollars in Jan 2023 in spot forex market
1 year, 9 months ago

RBI sold net 384 million dollars in Jan 2023 in spot forex market

Live Mint  

The Reserve Bank of India sold 384 million dollars in the spot forex market during the month of January 2023. To tame rupee depreciation this fiscal year, RBI has been intervening in the forex market via both spot and forward positions. Meanwhile, the outstanding net forward purchase at the end of the month stood at $21.729 billion. This is compared …

Month Billion Jan Dollar Sold Net Spot Market 2023 Rbi
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
‘India’s forex reserves to dip by $23 billion by December’
2 years, 2 months ago

‘India’s forex reserves to dip by $23 billion by December’

The Hindu  

India's depleted foreign exchange reserves are likely to drop further, falling to their lowest level in more than two years by end-2022, as the Reserve Bank of India continues to defend the rupee from the mighty dollar's rise, a Reuters poll found. In a battle that has so far failed to staunch the rupee's fall to a record low against …

India This Year Billion Rbi Reuters Rupee Reserve
Forex reserves fall by $28.05 bn in September-March: RBI report
2 years, 7 months ago

Forex reserves fall by $28.05 bn in September-March: RBI report

The Hindu  

The country's foreign exchange reserves declined by $28.05 billion to $607.31 billion at the end of March this year from $635.36 billion at the end of September 2021, according to an RBI report. Reserve Bank of India publishes half-yearly reports on management of foreign exchange reserves as part of its efforts towards enhanced transparency and levels of disclosure. "During the …

Bank End Report Billion Foreign Rbi Exchange
Rupee plummets to close at 75.63 against dollar as Ukraine-Russia conflict shakes forex markets
2 years, 10 months ago

Rupee plummets to close at 75.63 against dollar as Ukraine-Russia conflict shakes forex markets

Firstpost  

Foreign exchange traders said sustained foreign fund outflows, heavy selling in domestic equities, and elevated crude oil prices weighed on investor sentiments Mumbai: The rupee tanked 102 paise to close at 75.63 against the US currency on Thursday as riskier assets took a hit after Russia launched military operations against Ukraine. Forex traders said sustained foreign fund outflows, heavy selling …

Ukraine Russia Rupee Prices Weighed
Rupee drops by 18 paise to 75.78 against U.S. dollar on forex outflows
3 years ago

Rupee drops by 18 paise to 75.78 against U.S. dollar on forex outflows

The Hindu  

The rupee dropped by 18 paise to an over 16-month low of 75.78 on Friday amid consistent foreign fund outflows and growing concerns about inflation. At the interbank foreign exchange market, the rupee opened lower at 75.65 a dollar and later tanked to the day's low of 75.85 in line with a lacklustre trend in equity markets. The U.S. consumer …

Low Rupee
Rupee spurts 47 paise to end at nearly 2-week high against dollar as oil prices ease
3 years, 2 months ago

Rupee spurts 47 paise to end at nearly 2-week high against dollar as oil prices ease

The Hindu  

The rupee on Wednesday surged by 47 paise to close at a nearly two-week high of 74.88 against the U.S. dollar on easing global crude oil prices and rising appetite for riskier assets. "Indian rupee gained the most among emerging market currencies, boosted by lower crude oil prices and dollar demand while market is expecting foreign fund inflows from scheduled …

Market Prices Oil Prices High Rupee
EXPLAINED: Why Sri Lanka's Food Crisis Is Actually A Forex Problem
3 years, 3 months ago

EXPLAINED: Why Sri Lanka's Food Crisis Is Actually A Forex Problem

News 18  

Long queues have been reported at food markets and prices of staples are trending upwards as Sri Lanka grapples with an economic crisis that has hit imports and now forced the government to declare an emergency. According to reports, Sri Lanka President Gotabaya Rajapaksa declared the emergency under the public security ordinance with a view to stabilising the prices of …

Food Sri Lanka Prices Country Imports Crisis Covid