Foreign Exchange Reserve

Court also asks Centre to file a reply in the case in six weeks; next hearing on March 20

The latest data marks the first time since May that the RBI's reserves have risen for two consecutive weeks

The rupee has depreciated 9.7 per cent against the dollar since September 2021

List not exhaustive, must not assume those not on it are authorised for such trades

Central bank may have sold dollars heavily around the 80.05 mark to shield domestic unit

Data by the State Bank of Pakistan said that country's foreign reserves have dropped by $555 mn or 6.6% on a weekly basis due to increased debt payments and a lack of external financing this month.

"During the week ended on 22-Jul-2022, SBP's reserves decreased by US$ 754 million to US$ 8,575.1 million due to external debt and other payments," the central bank said

"The government is actually fueling the rise of inflation by its wrong policies, especially through high taxes on petrol and diesel, high administered prices and high GST tax rates," Chidambaram said

Moody's and Fitch credit rating agencies both downgraded Laos' sovereign ratings last year in response to the nominally communist country's escalating public debt, declining foreign exchange reserves

India is not using currency to gain unfair advantage

The Reserve Bank of India (RBI) remained a net purchaser of the US currency in October as it bought $15.64 billion from the spot market

Gold reserves were up by $13 million to $34.743 billion, as per the data

In the previous week, the reserves had increased by USD 943 million to USD 462.16 billion

RBI was a modest player in buying gold abroad compared to other major central banks, adding to its reserve in October after a gap of five months

Foreign currency assets stood at $344.07 bn, gold at $21.64 bn, special drawing rights at $1.49 bn and the reserve position in IMF at $2.39 bn