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Sunday, November 3, 2024
TopicForex reserves

Topic: Forex reserves

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.

RBI’s dollar mopping spree could slow down as US puts India on currency watchlist

The US treasury has placed India under the currency manipulator watchlist. It says India intervened in the FX market in a sustained, asymmetric manner.

Why growth of India’s forex reserves is set to slow after new RBI measures

RBI seeming to opt for a hands-off approach, which could lead to faster appreciation of rupee. On Tuesday, the currency posted its biggest single-day gain in 21 months.

Some cheer for Indian economy: $500 billion forex reserves, fifth largest in the world

India’s current account is likely to remain in surplus in the April-June period, but a recovery in imports might tilt the balance for the full year.

On Camera

As a Hindu Canadian, I am deeply hurt by cancellation of Diwali. My community is now sidelined

Canada faces serious foreign interference issues, but these challenges must not be weaponized to unfairly target friendly and important allies like India.

Watch CutTheClutter: Flattening INR-USD rate, and debate on pros and cons of a ‘strong’ rupee

In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.

Indian firms sanctioned by US didn’t violate laws, says MEA. Hyderabad firm that supplied to Army on list

Among 19 Indian firms sanctioned by US Treasury Dept was Lokesh Machines Ltd accused of coordinating with 'Russian defence procurement agent to import Italy-origin CNC machines'.

Xi wanted to teach India about imbalance of power. We should take a budgetary lesson from it

While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.