The International Monetary Fund (IMF) has approved an immediate disbursement of USD1 billion to Pakistan under the Extended Fund Facility (EFF) and around USD 200 million under the Resilience and Sustainability Facility (RSF), bringing total disbursements to nearly USD 1.2 billion.
India's foreign exchange reserves declined by USD 1.877 billion in the week that ended November 28 to USD 686.227 billion, according to the latest weekly data released by the Reserve Bank of India (RBI).
Kabul residents say coal prices are too high despite Afghanistan's coal reserves. Locals told Tolo News they are struggling financially, while sellers blame tariffs and transport issues. Prices have jumped to 12,000 Afghanis per tonne, though a winter distribution plan aims to offer coal at
Union Commerce and Industry Minister Piyush Goyal on Wednesday said the Indian economy remains on a solid footing, saying the country has seen the lowest-ever inflation in the last few months and foreign exchange reserves continue to be strong.
The merchandise trade deficit moderated to US$ 87.4 billion in Q2, marginally lower than USD 88.5 billion in the corresponding period last year. Exports and imports both grew, but the increase in exports helped contain the deficit.
Delhi's Patiala House Court reserved its order on the bail plea of eight accused for Tuesday in the Parliament Street protest case. A total of 17 accused were arrested by the police in a case lodged at Parliament Street Police Station. The court has already granted bail to nine accused pe
India's foreign exchange reserves declined by USD 4.472 billion in the week that ended November 21 to USD 688.104 billion, driven by a slump in both foreign currency assets and gold reserves, the Reserve Bank of India's latest 'Weekly Statistical Supplement' data showed.
Retail demand, especially via gold exchange-traded funds (ETFs), has surged since mid-2024. The report notes that the same factors driving central-bank accumulation, economic uncertainty, inflation risks, and weakening confidence in the US dollar have "significantly boosted interest in inves
The higher US interest rates and a cautious risk appetite among foreign investors are also resulting in continuous pressure on the Indian Rupee. Experts believed that the rupee's weakness is being reinforced by deteriorating trade fundamentals.
India's foreign exchange reserves declined by USD 2.699 billion in the week that ended November 7 to USD 687.034 billion, driven by a slump in both foreign currency assets and gold reserves, the Reserve Bank of India's latest 'Weekly Statistical Supplement' data showed.
India's currency rupee, may finally have bottomed out after a persistent weakness, according to Jefferies. In its latest GREED & fear report, the global financial services firm highlighted a "growing likelihood that the rupee has bottomed" following its months-long depreciation.