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Sunday, November 3, 2024
TopicForex reserves

Topic: Forex reserves

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

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.