Istanbul [Turky], May 9 (ANI/Xinhua): The Turkish currency broke through a key threshold Monday against the U.S. dollar amid the soaring inflation rate.
Mumbai (Maharashtra) [India], May 9 (ANI): The Indian rupee hit a record low of 77.58 against the US dollar on Monday amid unabated outflow of foreign funds after the Federal Reserve hiked policy interest rates last week.
Mumbai (Maharashtra) [India], May 9 (ANI): The rupee plunged to a record low of 77.41 against the US dollar on Monday amid persisting high crude oil prices and uncertainty over the duration of the Russia-Ukraine war.
Colombo [Sri Lanka], May 9 (ANI): As cash-strapped Sri Lanka struggles to emerge out of a deepening economic crisis, Bangladesh has extended the term of the USD 200 million loan to the island nation under a currency swap deal by one more year.
Beijing [China], May 9 (ANI): The central parity rate of the Chinese currency renminbi, or the yuan, weakened 567 pips to 6.6899 against the US dollar on Monday, according to the China Foreign Exchange Trade System.
Kabul [Afghanistan], May 8 (ANI): Amidst a devastating economic crisis in Afghanistan, Afghan citizens have complained of an increase in torn currency notes in the markets of Kabul, posing serious hurdles.
Islamabad [Pakistan], May 7 (ANI): Pakistan's trade deficit swelled to a massive USD 39.3 billion in the last 10 months of the fiscal year 2021-22, putting pressure on the country's foreign currency reserves in a sign of the worsening economic woes of the country, a media report said.
Mumbai (Maharashtra) [India], May 7 (ANI): India's foreign exchange (forex) reserves have slumped below $600 billion mark for the first time in almost a year.
Kabul [Afghanistan], May 2 (ANI): Afghanistan has received over USD 760 million in cash as humanitarian assistance from the international community, the country's central bank informed, adding that the money donated is beneficial in maintaining the value of the Afghan currency.
Colombo [Sri Lanka], April 30 (ANI): Sri Lanka's Central Bank has announced that they will remove the regulations that made the exporters convert their foreign currency earnings into rupees in the coming future.
Mumbai (Maharashtra) [India], April 30 (ANI): India's foreign exchange (forex) reserves dipped by $3.27 billion to $600.42 billion for the week ended April 22, registering the seventh straight week of fall, as the Reserve Bank of India (RBI) appears to keep selling dollars to prevent a slide
Mumbai (Maharashtra) [India], April 29 (ANI): The Indian economy is likely to take over 12 years to overcome the COVID-19 losses, according to a report released by the Reserve Bank of India (RBI) on Friday.