Page 11 - Forex Reserves

India's foreign exchange reserves drop $7.5 billion to $572.7 billion

Foreign exchange reserves depleted around $70 billion from its peak in September 2021

India's non-oil exports to Nepal fell 13% to $943 mn in April-May

Himalayan neighbour bans imports of non-essentials amid depleting forex; dip could impact India's FY23 trade deficit which is already worsening on fears of recession in developed countries

Pak may face serious economic crisis amid fast-depleting forex reserves

Increasing size of external debt servicing in each quarter indicates the government has been borrowing dollars at higher commercial rates to meet its foreign debt repayment obligations, report said.

CAD as percentage of GDP: Nowhere near 2012-13 level, yet worrisome

If up to $50 billion is withdrawn from forex reserves to finance CAD, the country would still be able to meet nine month's imports. Any withdrawal beyond this could pose a problem

Neighbours, Russia can help convert 16.38% of India's trade into rupees

The rupee's use in trade settlement would help the RBI in conserving foreign exchange. India's forex reserves have fallen by more than Rs 1 trillion since the outbreak of the Russia-Ukraine war

Economist Pronab Sen's prescription for the uncertain state of economy

The forex reserve has shrunk and the country might be staring at a twin deficit. To get a better understanding, Business Standard's Bhaswar Kumar spoke to economist Pronab Sen. Let us listen in

Unhedged exposure via external commercial borrowing new threat to rupee

According to RBI data on external debt released, short-term debt on a residual maturity basis accounted for 44.1% of foreign exchange reserves at the end of March 2022

TMSEp211: SpiceJet, Reliance Retail, estimated IT earnings, forex reserve

Can the SpiceJet incident be brushed aside as a blip? What is Reliance Retail's growth strategy? How will TCS Q1 results set the stage for IT earnings? What is a forex reserve? All answers here

What are forex reserves and why are they important?

RBI's recent measures to shore up rupee were a 'knee-jerk' reaction, said analysts. They said the country is sitting on a high forex reserve. But ever wondered what a forex reserve is? Let's find out

Centre committed to meeting FY23 fiscal deficit target: Official

Says macroeconomic fundamentals and forex reserves are robust enough to deal with current geo-political challenges

China provides $2.5-bn loan to Pakistan to boost its forex reserves

The announcement of the Chinese assistance came after France signed an agreement with Pakistan to suspend its loan worth USD 107 million under the G20 Debt Service Suspension Initiative (DSSI).

Sri Lanka limits forex possession by citizens to support dwindling reserves

Sri Lanka is facing a severe forex crisis which forced the island nation to declare a default of its international debt, becoming the first Asia-Pacific country in decades to default on foreign debt

RBI acts in forwards market to protect forex reserves, pulls down premiums

This move by the central bank results in premiums crashing

RBI may have boosted forwards intervention to slow rupee fall, save reserve

The Reserve Bank of India has run down its forward-dollar book by $12 billion to $15 billion from about $64 billion at the end of April

Foreign exchange reserves up by $30.3 bn in FY22, shows RBI data

The Reserve Bank of India on Wednesday released Sources of Variation in Foreign Exchange Reserves in India during 2021-22

Forex reserves down $4.5 billion to $596.4 billion, shows RBI data

During the week ended June 10, the fall in the forex reserves was on account of a dip in Foreign Current Assets (FCAs), a major component of the overall reserves

Foreign exchange reserves down by $306 mn at $601.057 bn, show RBI reports

After rising for two consecutive weeks, the country's foreign exchange reserves declined by $306 million to $601.057 billion in the week ended June 3, according to RBI data.

The Lankan crisis: Forex reserves rise for first time in five months

The stockpile rose to $1.92 billion at the end of May, from $1.81 billion the previous month, according to data released by the central bank

LIVE: Maharashtra, Kerala report over 1,000 new Covid cases each in a day

For the past five days, Kerala has been reporting over 1,000 coronavirus cases each day and a total of 48 Covid-related deaths

Pakistan forex reserves plunge to lowest level since Dec 2019: Report

As per data from Pakistan's central bank, inflows clocked in at USD 16.4 billion in the week that ended May 6, from USD 16.5 billion a week earlier