Search For "foreign exchange"
Economic Survey: India's foreign exchange reserves comfortable, external d
Updated : 3 years, 1 month ago IST
India's foreign exchange reserves stood at USD 532.7 billion as of September-end of 2022, covering 8.8 months of imports according to the Economic Survey tabled by Union Finance Minister Nirmala Sitharaman in Parliament today.
Read More
India's forex reserves hit about six-month high of USD 573.7 billion
Updated : 3 years, 1 month ago IST
India's foreign exchange reserves rose by whopping USD 1.727 billion to USD 573.727 billion in the week ending on January 20.
Read More
Pakistani rupee sees highest 1-day fall in 20 years
Updated : 3 years, 1 month ago IST
The foreign exchange companies had removed a cap on the Pakistani rupee-dollar exchange rate. This was a key demand of the IMF as part of a programme of economic reforms it has agreed on with the debt-laden South Asian nation.
Read More
High import tariff adding fillip to illicit gold trade
Updated : 3 years, 1 month ago IST
New Delhi [India], January 27 (ANI/Mediawire): Raising import duty on gold serves as an incentive for smugglers. Lowering the duty gradually could help grow the organised trade.
Read More
Pak govt increases development funds for lawmakers by 30 pc amid economic
Updated : 3 years, 1 month ago IST
Despite facing severe foreign exchange shortage and being under economic crisis, the government of Pakistan has ordered a massive hike of 30 per cent in development funds to PKR 90 billion for Parliamentarians, according to Dawn.
Read More
Pakistan imports 2200 luxury vehicles despite strict foreign exchange cont
Updated : 3 years, 1 month ago IST
The piling of containers carrying different consumer and industrial products touched almost 8,500 in the first half of this year at ports in Pakistan.
Read More
Pakistan: SBP forex reserves reach USD 4.34 billion, Islamabad left with t
Updated : 3 years, 1 month ago IST
The foreign exchange held by the State Bank of Pakistan reached a low of USD 4.343 billion.
Read More
Pak spent USD 1.2bn on import of cars in 6 months despite crisis: Report
Updated : 3 years, 1 month ago IST
The News International newspaper reported that Pakistan is facing an acute shortage of dollars and has less than USD 5 billion in its reserves with its State Bank. The report said this is hardly sufficient to finance three-week of its imports. Last year, the imports of these transportation v
Read More
India's forex reserves rose over USD 10 bln to hit five-month high
Updated : 3 years, 1 month ago IST
India's foreign exchange reserves rose by USD whopping USD 10.417 billion to USD 572.0 billion in the week ending on January 13.
Read More
Pakistan's virtual talks with IMF likely from next week
Updated : 3 years, 1 month ago IST
Amid a reeling economic crisis and falling foreign exchange reserves, virtual talks between Pakistan and International Monetary Fund (IMF) are likely to commence next week, Geo News reported.
Read More
CBI raids 18 sites in Mumbai, Bhopal; recovers Rs 94 lakh in Illegal forex
Updated : 3 years, 1 month ago IST
According to CBI statement, it was alleged that during 2014-2016, a huge amount was remitted in foreign exchange (Forex) abroad from the accounts of nine entities through eight nationalised banks by submitting fake import documents such as bills of entry, bills of lading, among others, witho
Read More
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.
Read More