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Forex Update: India's Foreign Exchange Reserves Fall $2 Billion to $646.67 Billion
6 months, 3 weeks ago

Forex Update: India's Foreign Exchange Reserves Fall $2 Billion to $646.67 Billion

News 18  

After rising for three consecutive weeks, India’s forex reserves fell $2.027 billion to $646.673 billion for the week ended May 24, according to the latest RBI data. For the week ended May 24, foreign currency assets, a major component of the reserves, decreased by $1.51 billion to $567.499 billion, the data released on May 31 showed. The recent data shows …

India Billion Forex Reserves
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
India’s forex reserves rise by $7.2 bn to reach at 11-month high, nears $600 bn
1 year, 7 months ago

India’s forex reserves rise by $7.2 bn to reach at 11-month high, nears $600 bn

Live Mint  

India's forex reserves inched closer to the $600 billion mark by rising $7.196 billion in the week that ended on May 5, 2023, to $595.976 billion. As per RBI's weekly statistical data, total foreign exchange reserves jumped by $7.196 billion to $595.976 billion in the week that ended on May 5, 2023. Read here: CPI inflation falls below RBI's upper …

India Billion Rbi Rupee Reserves Forex Reserves
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
What doctor ordered for Indian economy: Demand revival
2 years, 1 month ago

What doctor ordered for Indian economy: Demand revival

Live Mint  

The Indian economy has been recording relatively healthy growth amid global turmoil. The International Monetary Fund and World Bank have lowered India’s estimated gross domestic product growth to less than 7% for the fiscal year 2022-23, with forecasts of a further fall in growth for 2023-24. However, as far as India’s industrial sector is concerned, investment plans would be more …

Global India Growth Indian Interest Rates Rates External
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
The curious case of India’s rising forex reserves and falling rupee
3 years ago

The curious case of India’s rising forex reserves and falling rupee

Live Mint  

For the uninitiated, the Reserve Bank of India’s balance sheet is a concoction of both domestic and international assets carefully modulated regularly. However, since RM on the asset side is now higher, RBI adjusts the liability side by increasing CIC, thereby creating new money. The subsequent systemic liquidity can flow into RBI’s balance sheet through the liquidity adjustment facility, balancing …

India Money Balance Assets Foreign Rbi Sheet
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 | What caused the Sri Lankan economic crisis?
3 years, 3 months ago

Explained | What caused the Sri Lankan economic crisis?

The Hindu  

The story so far: Sri Lanka’s government declared an economic emergency last week amid rising food prices, a depreciating currency, and rapidly depleting forex reserves. The Sri Lankan government has blamed speculators for causing the rise in food prices by hoarding essential supplies and has declared an economic emergency under the Public Security Ordinance. Further, Sri Lanka’s central bank earlier …

Food Sri Lanka Prices Foreign Exchange Crisis Essential Goods Sri
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
Rupee Logs Worst Day in Nearly 19 Months, Dives 104 Paise Against US Dollar
3 years, 9 months ago

Rupee Logs Worst Day in Nearly 19 Months, Dives 104 Paise Against US Dollar

News 18  

The Indian rupee on Friday posted its biggest single-day fall in nearly 19 months, tumbling 104 paise to close at 73.47 against the US dollar as a rout in global bond markets weighed on investor sentiments. It finally ended at 73.47 against the American currency, registering a massive fall of 104 paise over its previous close the biggest single-day fall …

Syria Rupee Dollar Us Dollar 104 Paise