Search For "foreign exchange reserve"
US dollar share of global foreign exchange reserves drops to 25-year low:
Updated : 4 years, 10 months ago IST
Washington DC [USA], May 8 (ANI): The share of US dollar reserves held by central banks fell to 59 per cent -- its lowest level in 25 years -- during the fourth quarter of 2020, according to a recent survey by the International Monetary Fund (IMF).
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Indian rupee to trade weaker in 2021: Fitch Solutions
Updated : 5 years, 2 months ago IST
Singapore, Jan 4 (ANI): Fitch Solutions has revised its forecast for the Indian rupee to average stronger at Rs 75.50 per US dollar in 2021 from Rs 77 previously, and Rs 77 in 2022 from Rs 79 previously to account for a stronger 2021 forecast.
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Current account and forex reserve supporting Indian rupee: Ind-Ra
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra) [India], July 30 (ANI): Swelling of India's foreign exchange reserves in combination with benign oil prices and tepid imports have led to a current account surplus and helped the Indian rupee to remain broadly stable since mid-March, India Ratings and Research (Ind-Ra) s
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India's debt to GDP ratio may rise to 87.6 pc: SBI Ecowrap
Updated : 5 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 20 (ANI): India's debt to gross domestic product (GDP) ratio could climb to 87.6 per cent this fiscal, up from 72.2 per cent last year, due to a collapsing GDP and consequently higher borrowings, according to a research note by SBI Ecowrap released on Monda
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India's foreign exchange reserves increased by USD 59.5 billion during 201
Updated : 5 years, 8 months ago IST
New Delhi [India], June 30 (ANI): The country's foreign exchange reserves increased by USD 59.5 billion during 2019-20, on a balance of payments basis (excluding valuation effects), the Reserve Bank of India said on Tuesday.
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IMF to consider $1.4 bn loan to Pakistan after Imran Khan seeks help to ta
Updated : 5 years, 11 months ago IST
Islamabad [Pakistan], April 13 (ANI): The International Monetary Fund (IMF) has called its executive board meeting on April 16 to consider disbursement of an extra loan worth $1.4 billion to Pakistan after prime minister Imran Khan, once again, opened up his arms before the global financial
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India's current account deficit narrows to 2 pc of GDP: RBI
Updated : 6 years, 5 months ago IST
Mumbai (Maharashtra) [India], Oct 1 (ANI): India's current account deficit (CAD) narrowed to 14.3 billion dollars or two per cent of the gross domestic product (GDP) during April to June, data released by the Reserve Bank of India showed.
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Sovereign borrowing in foreign currency should be accompanied by well-craf
Updated : 6 years, 7 months ago IST
New Delhi [India], Aug 11 (ANI): If India opts for sovereign borrowing in foreign currency, the move should be accompanied by a well-crafted policy and special safeguard as the foreign exchange reserve is an accumulation of capital account surplus rather than current account, according to
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India's forex reserves comfortable, CAD within manageable level: Economic
Updated : 6 years, 8 months ago IST
New Delhi [India], July 4 (ANI): India's foreign exchange reserves continue to be comfortably placed in excess of 400 billion dollars and the current account deficit (CAD) is within manageable levels, Finance Minister Nirmala Sitharaman said on Thursday while tabling the Economic Survey 2018
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Govt confident of defending dollar-rupee fluctuations: Sanjeev Sanyal
Updated : 7 years, 6 months ago IST
New Delhi [India], Sep 14 (ANI): The Principal Economic Advisor in the Finance Ministry, Sanjeev Sanyal on Friday said that the Government is confident of defending dollar-rupee fluctuations, adding that foreign exchange reserves are sufficient to defend the rupee.
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Pak's NAB orders inquiry against Nawaz Sharif over laundering $4.9 billion
Updated : 7 years, 10 months ago IST
Islamabad [Pakistan], May 08 (ANI): Pakistan's National Accountability Bureau (NAB) has ordered an inquiry against former prime minister Nawaz Sharif and others for allegedly laundering $4.9 billion to India, according to reports in the Pakistani media.
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India's forex reserves hit life-time high
Updated : 7 years, 11 months ago IST
New Delhi [India], Apr. 07 (ANI): India's foreign exchange reserves hit a life-time high of 424.361 billion US dollars, after rising by 1.828 billion dollars in the week to March 30, the Reserve Bank of India (RBI) confirmed.
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