In the reporting week, the forex reserves fell due to a dip in foreign current assets (FCAs), a major component of the overall reserves, and also in gold reserves, the data showed
On a balance of payments basis, excluding valuation effects, foreign exchange reserves increased by $47.5 billion during 2021-22 as compared with $87.3 billion...
Pakistan is dealing with depleted foreign exchange reserves and the minister said cutting down on tea import bills would help the situation.
According to an article 'State of the Economy', published in the RBI's Bulletin for May, foreign exchange reserves at $596 billion as on May 6 were equivalent...
In the previous reporting week, the overall reserves had declined by $2.695 billion to $597.728 billion, falling below the $600 billion mark.
This is because of an increase in current account and trade deficits, higher external debt payments and dried dollar inflows, as per a report.
Since 2019, the RBI has been accumulating forex reserves that peaked at $642.453 billion in the week ended September 3, 2021, which was more than double the...
The RBI projected growth projection of 7.2 per cent from 7.8 per cent earlier amid volatile crude oil prices and supply chain disruptions due to the ongoing...
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The foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange...
