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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
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
Forex kitty up by $10 billion to $667 billion
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
India’s forex reserves snap two-week rising streak, drop to $617 billion
10 months, 1 week ago

India’s forex reserves snap two-week rising streak, drop to $617 billion

Live Mint  

India's foreign exchange reserves snapped a two-week gaining streak and stood at $617.23 billion as of February 9, coming off a one-month high, data from the Reserve Bank of India showed on Friday. Foreign exchange reserves also include India's reserve tranche position in the International Monetary Fund. In the week that the foreign exchange data pertains, the rupee fell 0.1 …

India Foreign Rbi
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 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
Closure of border markets make thousands of people jobless in Pakistan, forex reserves, FDI, textile exports all at dismal low
2 years ago

Closure of border markets make thousands of people jobless in Pakistan, forex reserves, FDI, textile exports all at dismal low

Op India  

Thousands of people are left jobless due to the closure of the market at Taftan, for the last one-year — the border of Iran and Pakistan, reported Pakistani vernacular media Intekhab Daily. A sit-in protest was held in September by regional political parties against the prolonged closure of trade and travelling corridors at Taftan border in Chagai district in Pakistan’s …

Trade Pakistan Border Billion Reported Imran Dawn
Rupee declines 13 paise to 82.75 against dollar
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
Rupee falls 3 paise to close at 81.71 against US dollar
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
Rupee rises 8 paise to close at 79.79 against US dollar
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
Rupee falls 10 paise to 79.23 against U.S. dollar
2 years, 5 months ago

Rupee falls 10 paise to 79.23 against U.S. dollar

The Hindu  

The rupee declined by 10 paise to close at 79.23 against the U.S. dollar on Friday, tracking the strength of the American currency in the overseas market. At the interbank foreign exchange market, the local currency opened at 79.20 and finally ended at 79.23, down 10 paise over its previous close of 79.13. On the domestic equity market front, the …

Market Rupee 10 Paise
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
Rupee trades almost flat at 75.28 against U.S. dollar in opening deals
3 years, 2 months ago

Rupee trades almost flat at 75.28 against U.S. dollar in opening deals

The Hindu  

The Indian rupee was trading marginally lower by 2 paise at ₹75.28 against the U.S. dollar in early trade on October 18, tracking stronger greenback against key rivals overseas. At the interbank forex market, the local unit opened on a steady note and traded cautiously between a high of ₹75.26 and a low of ₹75.29 against the American currency. On …

Rupee Dollar Forex
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
Standard Chartered fined ₹100 crore for violating forex norms
4 years, 3 months ago

Standard Chartered fined ₹100 crore for violating forex norms

Live Mint  

The Enforcement Directorate, India’s anti-money laundering agency, fined Standard Chartered Plc $13.6 million for breaking foreign exchange rules when it worked on the takeover of a local bank, marking one of the country’s biggest penalties imposed on an overseas lender. An eight-year probe found that Standard Chartered violated the Foreign Exchange Management Act—which monitors offshore financial transactions —when it worked …

Bank Standard Chartered Fined 100 Tamilnad Mercantile
Rupee Slips 4 Paise to 73.18 Against US Dollar in Early Trade
4 years, 3 months ago

Rupee Slips 4 Paise to 73.18 Against US Dollar in Early Trade

News 18  

The rupee slipped 4 paise to 73.18 against the US dollar in early trade on Monday as strengthening US dollar and muted opening in domestic equities weighed on the local currency. Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.17 per cent to 92.87. On the domestic equity market front, the 30-share …

Us Dollar 4 Paise