According to RBI's latest data, India's foreign currency assets, the biggest component of the forex reserves, declined USD 7.108 billion to USD 500.587 billion.
The Rouse Avenue Court on Friday reserved an order on the regular bail petition of five accused including two former Excise Department officials in the Central Bureau of Investigation (CBI) case of the Delhi Government Excise police case.
The Supreme Court on Thursday reserved its order on whether to refer the cases related to the Maharashtra political crisis to a larger seven-judge bench for reconsideration of a 2016 Nabam Rebia judgment on the powers of assembly Speakers to deal with disqualification pleas.
During the hearing on bail plea, Gulfisha Fatima denied the allegations and said there is no evidence which shows that she gave any speech during the protest and used chilly powder. She also contended that mere presence at a meeting is not culpable.
The cabinet of Pakistan consists of extra members and the PM is expanding it even more. This will be a major expenditure for the monetary reserves of the country even if these extra members work for free.
According to the general secretary of the Exchange Companies Association of Pakistan, Muhammad Zafar Paracha, traders, and smugglers are bringing as much as USD 5 million across the border daily.
The RBI governor said net foreign direct investment (FDI) flows remain strong at USD 22.3 billion during April-December 2022. It was USD 24.8 billion in the corresponding period last year, he added.
Pakistan faced an economic crisis which is a result of its own faulty policies long-standing debts, dipping forex reserves and support to extremism and terrorism.
"As we speak, an IMF delegation is in Islamabad and giving a very tough time to the finance minister and his team. I will not go into detail about this further but our economic challenges are unimaginable. The IMF conditions which we have to fulfill are beyond imagination but we have to do i
Be it capital expenditure, the asset quality of banks, foreign exchange reserves, GST collections, fiscal consolidation path, and convergence of wholesale and retail inflation, Budget document data showed all these indicators to be on strong ground.