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Recent fall in forex reserves is not sharpest decline: MoS Finance in Lok Sabha
1 week, 1 day ago

Recent fall in forex reserves is not sharpest decline: MoS Finance in Lok Sabha

Live Mint  

New Delhi, December 16 : The government on Monday clarified that the recent decline in India's foreign exchange reserves is not the highest decline in the country's history. Minister of State for Finance, Pankaj Chaudhary, stated in a written reply in the Lok Sabha that the reserves declined by 2.63 per cent during the week ending November 15, 2024, compared …

India Indian Decline Rupee Reserves
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
Forex Update: India's Foreign Exchange Reserves Hit All-Time High of $651.51 Billion
6 months, 2 weeks ago

Forex Update: India's Foreign Exchange Reserves Hit All-Time High of $651.51 Billion

News 18  

India’s forex reserves jumped $4.837 billion to a new all-time high of $651.51 billion for the week ended May 31, according to the latest RBI data. “Touching a new milestone, India’s foreign exchange reserves reached a historical high of $651.5 billion as on May 31,” RBI Governor Shaktikanta Das said in his statement while announcing the bimonthly policy review. Sanjeev …

India High Billion Foreign Reserves
India's forex reserves jump USD 2.98 billion to hit fresh peak of USD 648.56 billion: RBI
8 months, 1 week ago

India's forex reserves jump USD 2.98 billion to hit fresh peak of USD 648.56 billion: RBI

India TV News  

India's forex reserves jumped USD 2.98 billion to hit a fresh peak of USD 648.56 billion, RBI said on Friday. In the previous reporting week, the forex kitty had increased by USD 2.951 billion to USD 645.583 billion, which was an all-time high. For the week ended April 5, the foreign currency assets, a major component of the reserves, increased …

India Billion Rbi Reserves Jump Usd
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 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
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
RBI to iron out volatile, bumpy movements to ensure rupee finds its level: Das
2 years, 5 months ago

RBI to iron out volatile, bumpy movements to ensure rupee finds its level: Das

The Hindu  

Reserve Bank of India Governor Shaktikanta Das stressed on Friday that while the central bank was committed to ensuring that the rupee finds its level in line with its fundamentals and does not target any particular level for the rupee, it would intervene decisively to iron out any volatile or bumpy movements in the currency’s exchange rate. “I would like …

Das Rupee Hedge India Rbi
RBI to crack down on volatile and bumpy movements to ensure rupee finds its level: Shaktikanta Das
2 years, 5 months ago

RBI to crack down on volatile and bumpy movements to ensure rupee finds its level: Shaktikanta Das

The Hindu  

Notwithstanding the over 7% depreciation of the Indian rupee against the US dollar, the Reserve Bank of India has decided to ensure that the rupee finds its level in an orderly evolution, but it would have zero tolerance for volatile and bumpy movements. “We will continue to engage with the forex market and ensure that the rupee finds its level …

India Market Rbi Das Forex Hedge Eme
What are the benefits of foreign exchange reserves?
2 years, 5 months ago

What are the benefits of foreign exchange reserves?

Live Mint  

India's foreign exchange reserves declined by a $8.062 billion to $580.252 billion in the week ended July 8, according to Reserve Bank of India data. The foreign exchange reserves stood at $412.9 billion in March 2019, $459.9 billion in December 2019, $477.8 billion in March 2020, and $585.8 billion in December 2020. Optimum level of forex It is significant to …

India Billion Foreign Rbi Foreign Currency Exchange Foreign Exchange Reserves
Government to review oil export tax based on forex rate, oil prices every fortnight
2 years, 5 months ago

Government to review oil export tax based on forex rate, oil prices every fortnight

The Hindu  

The government will review the just introduced windfall tax on domestically produced crude oil and fuel exports every two weeks based on foreign currency rates and international oil prices, but no levels have been fixed for its recall, top officials said on July 4. Revenue Secretary Tarun Bajaj said the $40 per barrel level of oil prices being talked about …

Oil Prices Oil Prices Review Export Crude Crude Oil
India's Forex Reserves Continuous Decline: Falling Rupee, FPI Outflows Worsen Situation
2 years, 5 months ago

India's Forex Reserves Continuous Decline: Falling Rupee, FPI Outflows Worsen Situation

News 18  

In a third straight week of decline, India’s forex reserves have fallen $5.87 billion in the week ended June 17, amid continued outflow of foreign portfolio investments due to growing concerns over global slowdown. Foreign Investment Outflows FPIs have been incessantly withdrawing money from Indian equities since October 2021, which is depleting India’s foreign exchange reserves majorly. Continuous Rupee Decline …

India Foreign Rbi Rupee Fpi Reserves Decline Falling
‘Rupee fell on spillover effects of strong dollar’
2 years, 7 months ago

‘Rupee fell on spillover effects of strong dollar’

The Hindu  

The rupee’s fall to all-time lows and the decline in India’s forex reserves is not driven by capital outflows, but the spillover effects of a stronger U.S. dollar, senior officials said on Wednesday. While the RBI had been intervening in the forex markets since Monday, the idea was not to hold or aim to keep the rupee at a certain …

Rupee
Sri Lanka's forex crisis bodes ill for tottering economy
2 years, 8 months ago

Sri Lanka's forex crisis bodes ill for tottering economy

The Hindu  

A t 11.20 a.m. on March 30, as the Chennai -Colombo SriLankan Airlines flight began its descent in Colombo, an announcement over the aircraft’s public address system gave out the usual instructions laced with pleasantries, welcoming all passengers to the Bandaranaike International Airport. Use only banks or authorised foreign exchange dealers appointed by the Central Bank of Sri Lanka to …

India Market Sri Lanka Money Bank Crisis Colombo
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