Page 2 of Foreign exchange

Navigating Uncertainty: Geopolitical Implications of Leadership Transition in Iran

Iran’s policies, both foreign and domestic, are unlikely to change significantly; the core elements of Iranian foreign policy, such as…

May 27, 2024 13:45 IST

G20 Virtual Summit, G20 leaders, top news, business news, latest news, COP 28, Putin, Joe biden, narendra modi,

Addressing fragmentation: The key to achieving G20 FSB’s 2027 payments goal

While in-flight processing between originating and beneficiary banks has significantly accelerated, there’s still more work to be done at an…

April 21, 2024 14:00 IST

India forex reserves, indian economy news, india forex, indian reserves, economy news, current affairs,

India’s forex reserves rise by $4.47 bn to $620.44 bn

In the week before, the overall reserves had risen by USD 2.816 billion to USD 606.859 billion. In October 2021,…

December 29, 2023 20:22 IST

Bangladesh, currency, fixed exchange rates, foreign exchange, depreciation, exchange rate regime, exporter, IMF loans, policy tightening, monetary policy, commodity prices, inflation, easy credit

Bangladesh finally floats currency to unlock more IMF funds

Bangladesh Bank will adopt a unified exchange rate regime between the taka and the dollar or any other foreign currency…

June 19, 2023 14:04 IST

Is there a way to reduce TCS and save taxes while travelling abroad? Experts react

TCS, tax saving on overseas tours: While 20% TCS can temporarily result in a liquidity crunch for a user, tax…

May 19, 2023 13:16 IST

economy, pakistan, sri lanka, rate hikes, inflation, debt, funding woes, fiscal policy, food prices, IMF loan, market demands, currency depreciation, foreign exchange reserves

India’s neighbours Pakistan, Sri Lanka to weigh rate hikes as inflation, debt bite

Monetary conditions in Pakistan and Sri Lanka are already the tightest in decades — 25 years and 21 years respectively…

April 4, 2023 11:51 IST

Turkey economy, Turkey earthquake, reconstruction bill, economic growth, GDP, supply chain, falling currency, runaway inflation, growth rebound, Lira, production costs, inflation rate, energy prices

Turkey’s economy was already in shambles when earthquake rattled it further; recovery not likely before 2024

Before the earthquake, Turkey was already reeling from a falling currency and runaway inflation that had reached an annual rate…

February 21, 2023 16:19 IST

invest in US, investment, property, buy, EB-5, Visa, program

What is EB-5 Visa and how can it help Indians invest in US

The investment can either be made directly into a US business or it can be done through Regional Centers

Updated: October 25, 2023 15:50 IST

Reportedly, stablecoins USDC and EUROC entered into trading within certain basis points of exchange rates

80% costs’ reduction expected through DeFi influence on foreign exchange markets: Report

According to Cointelegraph, the paper was drafted by Austin Adams, data scientist, Uniswap, Gordon Liao, chief economist, Circle, Mary Catherine…

Updated: January 20, 2023 16:00 IST

foreign exchange reserves, forex, india foreign exchange reserves, gold reserve

Forex reserves soar $2.9 billion to $564 billion

The gold reserves with the RBI fell $296 million.

December 17, 2022 00:45 IST

rupee, indian rupee, rupee vs dollar, fall in rupee value, foreign exchange, foreign expenditures, study abroad

Rupee plunge: How to manage your overseas expenses?

With the depreciation in rupee value, the overseas expenses – be it for foreign travel, studying abroad or importing goods…

September 28, 2022 12:47 IST

FPIs infuse Rs 12,000 cr in Indian equities in Sep on hopes of slow rate hikes

FPIs turned net buyers in July after nine straight months of massive net outflows, which started in October last year.…

September 18, 2022 14:06 IST

FCA decreased by USD 2.571 billion to USD 498.645 billion in the reporting week.

Forex reserves down USD 3 bn to USD 561 bn

In the previous week ended August 19, the reserves had dipped by USD 6.687 billion to USD 564.053 billion.

September 2, 2022 18:06 IST

Foreign exchange reserves decline to USD 570.74 bln

The fall in the reserves in the reporting week ended August 12 was on account a decline in the Foreign…

August 19, 2022 20:40 IST

In the week ended August 5, the fall in the foreign exchange reserves was due to a dip in the Foreign Currency Assets (FCA), a major component of the overall reserves, as per the Weekly Statistical Supplement released by RBI on Friday.

Foreign exchange reserves falls USD 897 mln to USD 572.978 bln

Gold reserves increased USD 671 million to USD 40.313 billion in the week ended August 5.

August 12, 2022 18:43 IST

Expressed in dollar terms, FCAs include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.

Forex reserves rise by USD 2.73 bln to USD 593.323 bln

In the previous reporting week, the overall reserves had declined by USD 5.87 billion to USD 590.588 billion.

July 1, 2022 19:22 IST

During the selection process, keep an eye on the fees and charges as that could turn out to be a damper if one does not use the card carefully.

Foreign Exchange: Know the benefits of a forex card

Most forex cards do not levy any transaction fee for purchases at merchant outlets but can have card issuance fee…

Updated: June 24, 2022 14:08 IST

We also posit a $20 billion outflow ($10 billion FYTD) by foreign institutional investors (FPIs) due to extreme risk aversion. We continue to point out that RBI's high FX reserves guard against 1970s/1990-type BoP crises after oil shocks.

Geopolitical risks overdone: RBI’s FX reserves will shield BoP from any oil shock due to rising geopolitical tensions

The govt will have to cut oil taxes to contain inflation at a time when consumption demand is already weak

February 24, 2022 04:45 IST

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Oil drops to one-month low amid fresh signals of movement on Russia-Ukraine peace talks

Market2 hr ago

Oil prices dropped 1% due to Ukraine’s possible resolution of war with Russia, potentially lifting sanctions on energy trade. This may increase supply in a market already facing a glut next year. Russia’s stance has kept the market wary, with doubts about a formal agreement. Experts foresee a worsening glut in 2026, but a peace deal could boost Russia’s oil production.

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