Page 11 - Forex Reserves
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
 "Economist Pronab Sen's prescription for the uncertain state of economy")
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
 "Unhedged exposure via external commercial borrowing new threat to rupee")
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
 "TMSEp211: SpiceJet, Reliance Retail, estimated IT earnings, forex reserve")
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
 "What are forex reserves and why are they important?")
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
 "Centre committed to meeting FY23 fiscal deficit target: Official")
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).
 "China provides $2.5-bn loan to Pakistan to boost its forex reserves")
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
 "Sri Lanka limits forex possession by citizens to support dwindling reserves")
RBI acts in forwards market to protect forex reserves, pulls down premiums
This move by the central bank results in premiums crashing
 "RBI acts in forwards market to protect forex reserves, pulls down premiums")
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
 "RBI may have boosted forwards intervention to slow rupee fall, save reserve")
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
 "Foreign exchange reserves up by $30.3 bn in FY22, shows RBI data")
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
 "Forex reserves down $4.5 billion to $596.4 billion, shows RBI data")
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.
 "Foreign exchange reserves down by $306 mn at $601.057 bn, show RBI reports")
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
 "The Lankan crisis: Forex reserves rise for first time in five months")
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
 "LIVE: Maharashtra, Kerala report over 1,000 new Covid cases each in a day")
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
 "Pakistan forex reserves plunge to lowest level since Dec 2019: Report")
RBI may 'kill excess demand' in economy in six-eight months
The RBI increased the limit for keeping specified securities in the HTM portfolio from 22 per cent to 23 per cent
 "RBI may 'kill excess demand' in economy in six-eight months")
Forex reserves down $3.271 bn to $600.423 bn, says RBI data
In the previous week, the reserves had declined by USD 311 million to USD 603.694 billion
 "Forex reserves down $3.271 bn to $600.423 bn, says RBI data")
Nepal bans import of luxurious items to save declining forex reserves
Earlier in March, the central bank had instructed the commercial banks not to import gold exceeding 10 kg per day, half the quantity compared to the previous provision
 "Nepal bans import of luxurious items to save declining forex reserves")
Forex reserves slide $11.17 bn to $606.475 bn, steepest fall in a week
For the previous reporting week ended March 25, the overall reserves had slid by USD 2.03 billion to USD 617.648 billion
India's forex reserves down by $2.03 billion to $617.648 billion
Continuing their downward trajectory for 3rd consecutive week, India's foreign exchange reserves declined by USD 2.03 billion to stand at USD 617.648 billion in week ended March 25, RBI data showed
 "India's forex reserves down by $2.03 billion to $617.648 billion")