Friday, 19 August, 2022
TopicForex reserves

Topic: Forex reserves

Rupee-rouble romance was for Soviet era. Not trade option now for India-Russia

India looking at 'several options' to do business with Russia in light of the economic sanctions slapped on the country by the US and the European Union over its war on Ukraine. 

How Sri Lanka’s overnight flip to total organic farming has led to an economic disaster

President Gotabaya Rajapaksa was forced to impose an economic emergency on 31 August to contain soaring food inflation, and currency devaluation and forex reserves crisis.

Forex reserves surge by $16.66 to record high of $633.55 billion in August

The surge was due to an increase in special drawing rights holdings, RBI data showed. IMF made an allocation of SDR 12.57 billion to India in August this year.

Forex reserves decline by $2.47 billion to $616.89 billion in August

The decrease in the reserves was due to a drop in the foreign currency assets (FCAs), a major component of the overall reserves, RBI data showed.

How Narasimha Rao and Manmohan Singh rescued India in 1991 and made history

The reforms were undertaken exactly 30 years ago, at a time when India was facing its worst economic crisis. Here’s a look at what led to the crisis and how India weathered it.

5 reasons why India needs to add to its record foreign exchange reserves of $608 billion

The hoard may help reassure investors and credit-rating companies about the Modi government’s ability to meet its debt obligations despite a deteriorating fiscal outlook.

Why RBI’s hoarding of forex reserves over currency concerns will be counter-productive

RBI’s dollar reserves now stand at $608 billion, making India the fifth-largest reserve holding country in the world.

India’s forex reserves cross record $600 billion-mark for first time

The foreign exchange reserves surge was helped by a rise in foreign currency assets (FCA), a major component of the overall reserves, as per weekly data by the RBI.

India’s forex reserves are crossing $600 billion & will help deal with global volatility: RBI

The reserves are enough to cover around 15 months of imports and have been bolstered by rising inflows into the booming stock market and foreign direct investments.

India’s forex reserves may have crossed record $600 bn: RBI Governor Shaktikanta Das

The country's foreign exchange reserves rose by $2.865 billion to a record high of $592.894 billion for the week ended 21 May, boosted by gold and currency assets, as per RBI data.

On Camera

YourTurn

Sir Ganga Ram hospital Consultants, Residents and DNB students hold placards during a protest in New Delhi, on 30 December 2021 | PTI

Distrust of Indian doctors isn’t new. Class-caste bias always ruled medical profession

As a practising doctor, I discovered large question marks on claims of a trustful patient-doctor relationship in the past. The routine dehumanisation of underprivileged patients remains a rarely mentioned topic.
Farmers plant paddy saplings in a field | PTI Photo

Good news from the farm as India’s FY22 foodgrain production estimated at record 316 mn tonnes

Wheat production estimate sees marginal upward revision to 106.8 million tons, though current rate lowest in 3 years.

Defence

Su-57, the Russian 5th generation fighter aircraft Photo by Snehesh Alex Philip

Russia wants to build next generation tanks, submarines with India

As the second regiment of the S-400 Triumf air defence system starts getting delivered, Russia said it expects the serial production of AK 203 rifles in Amethi to begin in late 2022-early 2023.
NI 13.08

Tiranga vs Tiranga: Gloves are off as Kejriwal joins the ‘nationalism’ battle with Modi

Kejriwal’s maun vrat on Modi has ended. This is an important turn in Indian politics. In some ways rivalling the dramatic turn in Bihar.
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