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Articles for Forex, search results for inflation

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
RBI MPC Keeps Repo Rate Same At 6.5% For 7th Time; FY25 GDP Pegged At 7%, CPI Inflation At 4.5%
8 months, 2 weeks ago

RBI MPC Keeps Repo Rate Same At 6.5% For 7th Time; FY25 GDP Pegged At 7%, CPI Inflation At 4.5%

News 18  

The RBI’s monetary policy committee on Friday decided to keep the repo rate unchanged for the seventh time in a row, at 6.5 per cent. FY25 GDP Growth The Reserve Bank on Friday retained GDP growth forecast of 7 per cent for 2024-25 financial year, lower than the 7.6 per cent expansion estimated for FY24. In its February monetary policy, …

India Policy Growth Inflation Cent Rate Rbi
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
Pakistan granted rollover on $2.4bn Chinese loan: minister
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
India Records 2nd Highest Jump In Forex Reserves Among Major Economies in 2023: RBI Bulletin
1 year, 5 months ago

India Records 2nd Highest Jump In Forex Reserves Among Major Economies in 2023: RBI Bulletin

News 18  

The rain deficit in India is rapidly closing amid a highly cyclone-skewed distribution, and manufacturing and services activity in the country remains in expansion albeit with some sequential moderation in June, according to the RBI’s latest report released on Monday, July 17. It said India’s foreign exchange reserves increased $71.8 billion since October 21, 2022, and stood at $596.3 billion …

India 2023 Rbi Rbi Bulletin Sgx
Pakistan economic crisis: Many firms closed, inflation high, forex reserve falls
1 year, 10 months ago

Pakistan economic crisis: Many firms closed, inflation high, forex reserve falls

Live Mint  

Pakistan economic crisis: Several biggest companies in the crisis-hit country have halted operations as they ran out of raw materials or foreign exchange which has compounded the troubles of an economy that's trying to avert a debt default, as per Bloomberg reports. Ghandhara Tyre & Rubber Company, which manufactures tires and tubes for automobiles, shut its plant on February 13, …

Pakistan Country Limited
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
Gold shines bright as US Dollar dips: Fed chairman's inflation comments spark market reaction
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
Decline in India’s forex reserves largely due to valuation changes arising from appreciating U.S. dollar: FM Sitharaman
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
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
Why are interest rates important for forex traders?
2 years, 4 months ago

Why are interest rates important for forex traders?

Live Mint  

A key factor that influences the foreign exchange market is the interest rate changes made by major central banks such as the Federal Reserve of the United States, Bank of England, and the European Central Bank. Impact of interest rate changes When the interest rates are hiked, the forex traders want to buy the currency and its exchange rate rises. …

Bank Interest Rates Interest Central Traders Forex Forex Traders
Going South: Emergency in Sri Lanka, Forex Dip in Pak & Nepal's Money Woes Put India's Neighbours on Back Foot
2 years, 7 months ago

Going South: Emergency in Sri Lanka, Forex Dip in Pak & Nepal's Money Woes Put India's Neighbours on Back Foot

News 18  

Sri Lanka’s deepening economic crisis took a turn for the worse on Friday night when President Gotabaya Rajapaksa declared a state of emergency in the island nation amid mounting public resentment. Nepal Last week, Nepal banned imported liquor, playing cards and nearly a dozen other “non-essential” goods to address the Himalayan country’s widening trade deficit and declining foreign currency reserves. …

India China Pakistan Sri Lanka Reserves Forex Reserves Money Woes
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
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
Sri Lanka declares economic emergency to contain food prices as forex crisis worsens
3 years, 3 months ago

Sri Lanka declares economic emergency to contain food prices as forex crisis worsens

The Hindu  

Sri Lankan President Gotabaya Rajapaksa has declared an economic emergency to contain soaring inflation after a steep fall in the value of the country's currency caused a spike in food prices. President Rajapaksa on Tuesday declared the state of emergency under the public security ordinance to prevent the hoarding of essential items, including rice and sugar. “The president has promulgated …

Sri Lanka Emergency Rice Prices Lanka Sri
India still vulnerable to 2013-like capital flight due to US monetary tightening, but forex reserves boost resilience
3 years, 5 months ago

India still vulnerable to 2013-like capital flight due to US monetary tightening, but forex reserves boost resilience

Live Mint  

India's $600 billion in reserves should help it fight market volatility from any U.S. monetary tightening, but analysts and traders warn a slowing economy and an expanding fiscal deficit still make it particularly vulnerable to capital flight. While India's increased currency reserves are expected to boost resilience this time -- $604 billion now compared with $270 billion in 2013 -- …

India Fed Rbi Rupee Reserves