Page 8 - Foreign Exchange Reserves

Nepal tightens imports amidst narrowing foreign exchange reserves

Nepal's finance minister said that a proposal had been forwarded to temporarily ban the import of expensive and luxurious vehicles

Pakistan govt 'plans to' borrow people's gold for foreign exchange crisis

According to the proposal, the commercial banks will issue a negotiable discounted instrument to the gold owner and pay an interest rate on the precious metal

Is the Economic Survey overestimating reserves adequacy?

There is some concern in the finance ministry about the adequacy of foreign exchange reserves in case there is an unanticipated and large withdrawal of dollars.

India's high foreign exchange reserves not enough to shield rupee

A sharp rise in oil import bill has led to a big decline in forex reserves to imports in FY22

India's foreign exchange reserves dip down by $77 mn in December

India's foreign exchange reserves inched lower by $77 million during the week ended December 10.

What $650 billion can buy

India's stock of external commercial borrowing, for instance, is in excess of $200 billion

Forex reserves decline by $908 million to $640.1 billion, shows data

FCA declined by USD 853 million to USD 577.098 billion in the reporting week, the data showed

India's import cover fell to 15.8 months in June 2021, says RBI

At the end of September 2021, India's foreign exchange reserves stood at 635.36 billion

India's foreign exchange reserves up by $1.492 billion to $641 billion

FCAs rose by $950 million to $577.951 billion, as per weekly data by the Reserve Bank of India

Sri Lanka seeks $500 million loan from India for fuel purchase

The move came few days after energy minister Udaya Gammanpila warned that the current availability of fuel in the country can be guaranteed only till next January.

Strong forex reserves to help India manage global shocks: D Subbarao

Strong foreign exchange reserves in India will not insulate it from any global shocks but will help manage them, former Reserve Bank of India Governor D Subbarao said on Wednesday

Forex reserves down by $1.169 billion to $637.477 billion

The country's foreign exchange reserves dipped by $1.169 billion to stand at $637.477 billion in the week ended October 1, RBI data showed on Friday

Foreign Exchange reserves down by $997 million to $638.646 billion

The country's foreign exchange reserves declined by $997 million to reach $638.646 billion in the week ended September 24, RBI data showed on Friday

Foreign exchange reserves rise $34.1 bln in June quarter: RBI data

The country's foreign exchange reserves in nominal terms, including valuation effects, increased by USD 34.1 billion during the June quarter compared to $27.9 bn in year-ago period, RBI data showed

Don't see any major pressure as a result of the taper: Axis MF's Sivakumar

In a Q&A, R Sivakumar says the key drivers of foreign flows in India would be the inclusion of Indian bonds in global fixed-income benchmarks

Sri Lanka slaps 100 per cent LC margin to restrict imports: Report

The new margin requirement will be in effect from September 8 for over 600 items ranging from chocolates and wine to raincoats and carpets to discourage imports

Sri Lanka is facing a severe foreign exchange crisis, says finance minister

The government's revenues were also far short of target as pandemic curbs hurt economic activity, Rajapaksa said during a debate in parliament Tuesday

Forex reserves surge $16.6 billion to record high of $633.5 billion

India's forex kitty had declined by USD 2.47 billion to USD 616.895 billion in the previous week ended August 20, 2021

Reserves: The RARE model in India

'The fiscal situation in India is quite weak, which is why the international ratings of the Indian sovereign are consistently very low', says the author

India needs forex reserves buffer to beat exchange rate volatility: Rajan

'We need this (foreign exchange) reserve buffer to insulate ourselves because we have no friends,' says former RBI governor