Latest News for: Foreign reserves

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Even as Bangladesh bolsters yuan trade, its dependence on US dollar weighs on foreign reserves

South China Morning Post 30 Sep 2022
Seeking to diversify its forex holdings away from the strengthening US dollar, Bangladesh Bank is now letting local financial institutions settle trade deals with China in the yuan ... .
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Is gov't too optimistic about Korea's economic condition?

Korea Times 30 Sep 2022
Kim Dae-jong, a business professor at Sejong Univeristy, who is also a long-time foreign exchange reserve expert, said Choo's comparison with China in regards to the size of foreign reserves is absurd ... reserves, (which is more than double Korea's foreign reserve size)," Kim added.
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Iraq's forex reserves hit record high as oil prices soar

Suryaa 30 Sep 2022
Baghdad, Sep 30 (IANS) Iraq's foreign exchange reserves have surpassed $87 billion, the highest level the central bank has seen since its establishment in 1947, local media reported ... The country's foreign exchange reserves ...
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Iraq’s forex reserves hit record high as oil prices soar

The Siasat Daily 30 Sep 2022
Iraq’s foreign exchange reserves have surpassed $87 billion, the highest level the central bank has seen since its establishment in 1947, local media reported ... The country’s foreign exchange reserves have increased thanks to the rise in oil prices in the global markets ...
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Reserve Bank Governor Shaktikanta Das says 67 pc of decline in forex reserves due to valuation changes

Financial Express 30 Sep 2022
Reserve Bank Governor Shaktikanta Das on Friday said 67 per cent of the decline in the foreign exchange reserves since April was due to valuation changes arising from strengthening US dollar and higher American bond yields ... According to him, India’s foreign exchange reserve ...
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Fiji's economy continues to strengthen due to recovery of tourism, other sectors

China.dot.org 30 Sep 2022
According to a statement by the Reserve Bank of Fiji on Friday, cumulative ... 30, Fiji's foreign reserves remained comfortable at about 15.343 billion U.S.
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India’s current account deficit at 15-quarter high in Q1

Financial Express 30 Sep 2022
Despite net portfolio outflows of a considerable $14.6 billion, the forex reserves saw a modest rise of about $4.6 billion in the quarter on a balance of payments (BoP) basis ... There was an accretion of $4.6 billion to the foreign exchange reserves on a BoP basis in Q1FY23 compared with $31.9 billion in Q1FY22 and depletion of $16 billion in Q4FY22.
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Forex reserve adequacy considered while managing volatile rupee: RBI governor

The Times of India 30 Sep 2022
The Reserve Bank of India's interventions in the foreign exchange markets are to maintain macro economic stability and the adequacy of is always kept in mind, governor Shaktikanta Das said in a policy speech on Friday ... India's foreign exchange reserve of $537.5 billion as on Sept.
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Rupee gains despite fall in SBP reserves to just $8bn

Dawn 30 Sep 2022
The foreign exchange reserves of the State Bank of Pakistan further declined by $341 million to $8.005 billion during the week ended Sept 23 ... The State Bank of Pakistan reported that the country’s total foreign exchange reserves were $13.761bn while the holdings of ...
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Japan to confirm size of yen-buying intervention, eyes on size of war-chest

Reuters 30 Sep 2022
Japan currently holds roughly $1.3 trillion in reserves, the second biggest after China, of which $135.5 billion are held in the form of deposits parked with foreign central banks and the Bank for International Settlements (BIS) ... Of the main types of foreign assets Japan holds, ...
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Foreign Company Registration in India- a Brief Overview

The Eastern Herald 30 Sep 2022
Before deciding to set up business in India, every foreign company shall keep in mind the following 7 important points relating to foreign company registration in India. ... Reserve Bank of India, Indian apex Bank for regulating foreign exchange need to be intimated about receipt of FDI from foreign company/foreign citizen.
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India’s current account deficit may rise to 3.3% of GDP in Q2FY23 on revival in demand, high commodity prices

Financial Express 30 Sep 2022
The Reserve Bank of India (RBI), on Thursday, released the current account deficit for India for April-June 2022 ... In addition, the foreign exchange reserves saw a growth of $4.6 billion in the June quarter FY23, as compared to the depletion of the reserve by $16 billion in the March quarter of FY22.
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Rupee ends volatile week on strong note after RBI raises rates

The Times of India 30 Sep 2022
Federal Reserve ... As of last week, India's foreign exchange reserves were down more than $100 billion from a year ago. On the central bank's foreign exchange expenditure, RBI Governor Shaktikanta Das said the context of adequacy of reserves was always kept in mind while intervening.
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‘Great Threat’ Of Sticky Bombs In J&K: CRPF DG

Kashmir Observer 30 Sep 2022
Director General of Central Reserve Police Force (CRPF), Kuldeep Singh ... Says Foreign Militant Numbers Up In J&K After Taliban Takeover In Afghanistan ... “This is a challenge… After Afghanistan, this challenge has grown in many forms and you can see it… Also like the number of foreign terrorists goes up and sometimes down.
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INDIA STOCKS Indian shares rise as banks, energy surge on RBI rate hike

Reuters 30 Sep 2022
The Reserve Bank of India raised the key policy repo rate by 50 basis points–inline with economists expectations–on Friday and said it will stay focussed on withdrawal of monetary accommodation ... dollar, said that the context of adequacy of foreign exchange reserves is always kept in mind while intervening.

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Russian President Vladimir Putin chairs a meeting with the heads of delegations to the 18th meeting of the Conference of Heads of Security and Intelligence Agencies of the Commonwealth of Independent States members via videoconference at the Kremlin in Moscow, Russia, Thursday, Sept. 29, 2022
AP / Gavriil Grigorov, Sputnik, Kremlin Pool Photo
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