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Sunday, April 28, 2024
TopicForex reserves

Topic: Forex reserves

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

America’s out-of-control militarised police forces are a threat to democracy

The world watched aghast as police armed with tasers, tear-gas masks—and in one case backed up by snipers—arrested hundreds of pro-Palestinian protesters at universities across the United States.

Government allows export of onions to six countries, sets buffer stock target

The government had imposed an export prohibition in order to ensure adequate domestic availability of onions in the country.

Germany removes restrictions, India can now buy small arms from its firms

Germany’s erstwhile Christian Democratic Union govt, led by Angela Merkel, prevented sale of small arms to police forces in states they perceived had ‘bad human rights record’.

Frontrunner is letting the challenger define this poll campaign. Modi still hasn’t found a big theme

A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.