Karachi [Pakistan], May 13 (ANI): Trade deficits and increasing current account coupled with dried up dollar inflows, and external debt payments have resulted in an alarming dip in Pakistan's foreign exchange reserves, plunging to a record low since December 2019.
Washington [US], May 13 (ANI): Amid concerns over China's growing influence in the South Asian region, the United States has pledged over USD 150 million in investment to the ASEAN for maritime cooperation, infrastructure, and other initiatives.
Islamabad [Pakistan], May 12 (ANI): Ahead of the delay in the revival of the International Monetary Fund (IMF) programme and falling foreign currency reserves, the Pakistani rupee hit an all-time low against the US Dollar, crippling the country's economy further.
Islamabad [Pakistan], May 12 (ANI): The key members of Pakistan Muslim League-N, led by Prime Minister Shehbaz Sharif, met on Wednesday with their party's supreme leader Nawaz Sharif in London and briefed him about the country's economy.
Mumbai (Maharashtra) [India], May 12 (ANI): The Indian rupee slumped to a new record low of 77.59 against the US dollar on Thursday, tracking losses in other Asian currencies.
Beijing [China], May 11 (ANI): The central parity rate of the Chinese currency renminbi, or the yuan, weakened 156 pips to 6.7290 against the US dollar Wednesday, according to the China Foreign Exchange Trade System.
Beijing [China], May 10 (ANI): China's Yuan hit the lowest mark against the US dollar in the last 18 months on Tuesday, falling to 6.7134 against the USD, the lowest figure since October 30, 2020.
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.
Hyderabad [Telangana], May 9 (ANI): Telangana Rashtra Samithi (TRS) MLC Kalvakuntla Kavitha on Monday slammed the Central government for the increase in prices and unemployment.
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.