Search For "foreign exchange reserve"
There's evidence major central banks diversifying away from USD: Credit Su
Updated : 3 years, 1 month ago IST
At present, the US dollar represents slightly more than 60 per cent of global foreign exchange reserves at central banks, compared to more than 80 per cent in the early 1970s.
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World Bank slashes Pakistan GDP growth projection to 2 per cent
Updated : 3 years, 2 months ago IST
Pakistan's economic condition is precarious with low foreign exchange reserves and large fiscal and current account deficits, has further worsened by severe flooding.
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Pakistan: SBP's forex reserves dwindle to USD 4.5 billion, Islamabad left
Updated : 3 years, 2 months ago IST
According to sources, the development left Pakistan with an import cover of only under a month, as the country grapples with a deteriorating economic crisis while trying to bring down imports amid a dollar shortage.
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Pak economy facing its worst crisis, grim scenario ahead in 2023
Updated : 3 years, 2 months ago IST
Pakistan is facing its worst economic crisis since its birth and a grim scenario dodges Islamabad in 2023 amid rising foreign debts, inflation, and falling foreign exchange reserves.
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India's forex reserves decline by USD 691 million for week ending Dec 23
Updated : 3 years, 2 months ago IST
India's foreign exchange reserves fell by USD 691 million to USD 562.808 billion in the week that ended on December 23, Reserve Bank of India's Bulletin Weekly Statistical Supplement latest data showed.
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State Bank of Pakistan's foreign exchange reserves plunge to 8-year low at
Updated : 3 years, 2 months ago IST
The plunge in forex reserve is a worrisome scenario as it will create problems in the repayment of its huge foreign debts.
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Finance Minister Ishaq Dar admits economic situation of Pakistan in slump
Updated : 3 years, 2 months ago IST
Despite acknowledging that there were problems with the economy, Pakistan's Finance Minister Ishaq Dar assured investors that "there is no way Pakistan is going to default."
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Flight of US dollars from Pakistan to Afghanistan continues unabated
Updated : 3 years, 2 months ago IST
The flight of US dollars from Pakistan to Afghanistan continues unabated resulting in the erosion of Islamabad's foreign exchange reserves, reported Dawn.
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India's forex reserves dip after rising for five straight weeks
Updated : 3 years, 2 months ago IST
Breaking the trend of the fifth consecutive week of rising foreign exchange reserves, they fell by USD 571 million to USD 563.499 billion in the week that ended on December 16, Reserve Bank of India's Bulletin Weekly Statistical Supplement data showed on Friday.
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Pakistan's economic condition likely to deteriorate: Report
Updated : 3 years, 2 months ago IST
Pakistan's economic crisis is likely to continue due to political instability, inconsistent government policies, and internal security issues.
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India's forex reserves up for 5th consecutive week
Updated : 3 years, 2 months ago IST
India's foreign exchange reserves during the week that ended on December 9 rose by USD 2.91 billion to USD 564.07 billion. Notably, this is the fifth consecutive week of India's rising foreign exchange reserves.
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Indian Rupee strong against every currency, RBI intervened in markets: Sit
Updated : 3 years, 3 months ago IST
Replying to a question in Lok Sabha, Sitharaman said the Reserve Bank of India has used the available foreign exchange reserves that it had in order to intervene in the markets to make sure that the Dollar-Rupee does not fluctuate too much.
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