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| A V Rajwade: SDR as reserve currency? | 02-NOV-09 |
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| In the last week’s column, I had quoted fund manager Avinash Persaud, World Bank President Robert Zoellick and UNCTAD on the probability/need for a change in the dollar’s status as the principal reserve currency. There are two ways in which this could happen: In a sudden, chaotic fashion or gradually over a period. |
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| Forex reserves up $684 mn to $285 bn | 30-OCT-09 |
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| India's foreign exchange reserves rose by $684 million for the week ended October 23 to $285.520 billion from $284.836 billion in the previous week. |
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| Forex reserves fall to $280.770 bn | 25-SEP-09 |
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| India's foreign exchange reserves fell to $280.770 billion for the week ended September 18 from $280.978 billion in the previous week. |
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| SDRs in their eyes | 05-SEP-09 |
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| China-dollar: China is still hooked on the dollar — but that doesn’t stop it delivering the occasional diss to Uncle Sam. Its latest is a move to buy $50 billion of bonds issued by the International Monetary Fund, denominated in the IMF’s own currency, the Special Drawing Right. Consider it another baby-step away from the greenback. |
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| Arvind Subramanian: The G-20: An idea from India | 26-AUG-09 |
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| In the run-up to the G-20 Summit in London in April, China created a frisson of excitement by pushing for the use of Special Drawing Rights (SDRs) as an alternative to the dollar as a global economic currency. To be sure, China’s demarche was self-serving. It is also true that when China now talks, the world must listen. |
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| IMF Board approves $250 bn general SDR allocations | 14-AUG-09 |
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| The IMF Board of Governors have approved a general allocation of Special Drawing Rights (SDR) equivalent to $250 billion to provide liquidity to global economic system by supplementing its member countries' foreign exchange reserves. |
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| Forex reserves up $8 million | 27-JUN-09 |
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| The country’s foreign exchange reserves increased by $8 million to $263.65 billion during the week ended June 19, 2009, mainly due to the revaluation of currencies. |
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| India's forex reserves down by $1.73 bn | 22-MAY-09 |
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| India's foreign exchange reserves declined by $1.734 billion to $254.207 billion for the week ended May 15 from $255.941 billion in the previous week. |
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| A V Rajwade: Replacing the US | 11-MAY-09 |
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| Finding a substitute for the dollar as well as China being able to grow without the US market will both take time. |
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| India for three-fold increase in IMF equity | 07-APR-09 |
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| India pitched for tripling the International Monetary Fund's (IMF's) equity to SDR 650 billion (about USD 975 billion) to empower the multilateral funding agency to play an effective role in pulling the global economy out of the current crisis. |
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