Tuesday, 17 May, 2022
TopicForex reserves

Topic: Forex reserves

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.

RBI stops defending the rupee as forex reserves rise and volatility falls

Slowdown in RBI intervention has come since US Fed launched temporary facility allowing other central banks to swap treasuries for dollars.

At $455 billion, India’s forex reserves at record highest, says RBI data

According to the RBI report, reserves rose by $456 million mainly due to an increase in foreign currency assets.

India’s forex reserves soar over $5 billion to reach $421 billion 

The maiden dollar-rupee swap conducted by the RBI last week helped foreign exchange reserves swell by a healthy $5.237 billion to $411.905 billion in the week to 29 March. 

Pakistan to seek IMF bailout as forex reserves fall dangerously

Pakistan’s forex reserves have plunged 40% in 2018 to lowest in almost 4 years. It’s running twin current-account and budget deficits of more than 5% of GDP.

After April high, India’s forex reserves fall below $400 billion mark

Drop being attributed to RBI's efforts to arrest rupee fall but experts say no reason to panic for now.

Not just Argentina & Turkey, India among host of ‘fragile’ emerging markets at risk

The textbook recipe for an emerging-market crisis requires large debt, and an associated domestic credit bubble.

On Camera

YourTurn

Vehicles at a petrol pump station in Bengaluru, on 4 March 2021 | Photo: Dhiraj Singh | Bloomberg

Heatwave sends Indians into air-conditioned cars for relief, petrol sales soar

Petrol sales have gone up 14% during 1-15 May from the corresponding period in April, a considerable amount especially in comparison to other fuels.

Defence

By special arrangement

Desi defence start-up helps Army go off decades-long dependence on imported cold-weather gear

While AROO does research on the product, manufacturing is handled by another company with which it has a tie-up. The first set of AROO gear was delivered in second half of 2021.

How Congress is like the Ambassador & why Indian politics needs a brand new set of wheels

Like the car, nothing the party has done to reinvent itself has worked. Only way forward is to offer something looking towards the future, not in image of glorious past.
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