Tuesday, 17 May, 2022
TopicForex reserves

Topic: Forex reserves

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

Manojit Saha -
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

Manojit Saha -
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

Anirban Nag -
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

Subhadip Sircar -
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

PTI -
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 

PTI -
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

Kamran Haider -
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

Mahua Venkatesh -
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

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

Debjit Chakraborty -
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

Snehesh Alex Philip -
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.

National Interest

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

Shekhar Gupta -
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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