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
This move by the central bank results in premiums crashing
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
The Reserve Bank of India on Wednesday released Sources of Variation in Foreign Exchange Reserves in India during 2021-22
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
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 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
For the past five days, Kerala has been reporting over 1,000 coronavirus cases each day and a total of 48 Covid-related deaths
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
The RBI increased the limit for keeping specified securities in the HTM portfolio from 22 per cent to 23 per cent
In the previous week, the reserves had declined by USD 311 million to USD 603.694 billion
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
For the previous reporting week ended March 25, the overall reserves had slid by USD 2.03 billion to USD 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 foreign exchange (forex) reserves dipped by $2.59 billion in the week ended March 18, recording a sharp drop for the second consecutive week
The overall reserves had increased by USD 2.762 billion to USD 632.952 billion in the previous reporting week
The fear now is that consumers will take longer to come out of their shell, growth will moderate and full recovery from the effects of the pandemic will be stretched out even longer, writes T N Ninan
Gold reserves rose by USD 726 million to USD 39.77 billion in the reporting week
"If we fail to control our spending, there will be a foreign exchange problem in the near future," Rajapaksa said
Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves