Foreign Reserves
India's foreign exchange reserves at 11-week low, down for third week
In the week gone by, the rupee depreciated 0.4 per cent against the US dollar, settling at 82.83 per US dollar on February 17
 "India's foreign exchange reserves at 11-week low, down for third week")
Forex reserves at a three-month high; $11 billion added in a week
Reserves rise for 4th straight week on revaluation, likely RBI dollar purchases
 "Forex reserves at a three-month high; $11 billion added in a week")
Forex reserves likely to show revaluation gains now, say analysts
RBI said to have been actively buying dollars for the past couple of weeks, say currency traders
 "Forex reserves likely to show revaluation gains now, say analysts")
IMF should issue new reserves to help countries tackle crises: Civil groups
The International Monetary Fund should issue $650 billion in new emergency reserves to help its member countries grapple with overlapping crises, 140 civil society groups said in a letter
 "IMF should issue new reserves to help countries tackle crises: Civil groups")
World currency reserves shrink by $1 trn this yr in record drawdown
Reserves have declined by about $1 trillion, or 7.8%, this year to $12 trillion, the biggest drop since Bloomberg started to compile the data in 2003
 "World currency reserves shrink by $1 trn this yr in record drawdown")
Top Headlines: Global trade growth forecast; world currency reserves shrink
India's merchandise exports could face major headwinds next year with the WTO slashing its forecast for global trade volume growth to 1 per cent from 3.4 per cent
67% of fall in forex reserves due to valuation changes: RBI governor Das
Das reiterated on Friday the RBI does not target any particular level for the domestic exchange rate and only intervenes in the market to smoothen out excessive volatility
 "67% of fall in forex reserves due to valuation changes: RBI governor Das")
What is a currency swap?
India has extended the duration of the $400 million currency swap facility extended to Sri Lanka, which is in dire straits. But what exactly is currency swap? This report offers an insight
 "What is a currency swap?")
What is a reserve currency?
Supply-chain disruption, inflation and market uncertainty had forced investors to rush for 'safe haven' currency, the US dollar. It is the world's reserve currency. What exactly is reserve currency?
 "What is a reserve currency?")
India's forex reserves drop $5.9 bn in a week as RBI sells dollars
In two weeks, the country's foreign exchange reserves have dropped over $10 billion as the central bank stepped up intervention in the foreign exchange market
 "India's forex reserves drop $5.9 bn in a week as RBI sells dollars")
Why Russia stares at first foreign default in a century?
Russia's war is now taking a turn for the worse. A host of sanctions has pushed it to the cusp of Russia's first default on foreign debt since the Bolshevik Revolution over a century ago. Find out mor
 "Why Russia stares at first foreign default in a century?")
India to provide additional $500-mn assistance to Sri Lanka for fuel
Meanwhile China, whose large loans and investments to the island nation led to allegations of debt diplomacy, has said it will provide "emergency humanitarian assistance" to Colombo
 "India to provide additional $500-mn assistance to Sri Lanka for fuel")
Sri Lanka fuel pumps may go dry in April; credit grant from India depleting
Sri Lanka may run out of diesel by the end of this month with the $500 million line of credit extended by India for fuel purchase exhausting fast amidst the unprecedented shortage of foreign reserves
 "Sri Lanka fuel pumps may go dry in April; credit grant from India depleting")
India grants over $900 million to Sri Lanka to overcome forex crisis
India has announced a $900 million loan to Sri Lanka to build up its depleted foreign reserves and for food imports, amidst a shortage of almost all essential commodities in the island nation.
 "India grants over $900 million to Sri Lanka to overcome forex crisis")
Saudi Arabia to provide $4.2-billion support package to Pakistan
The Saudi money will help Pakistan shore up its foreign reserves, which have been shrinking.
 "Saudi Arabia to provide $4.2-billion support package to Pakistan")
Foreign exchange reserves fall $5.35 billion; first drop in six months
The last time forex reserves declined was in the week to September 20, 2019, when it had fallen by USD 388 million to USD 428.58 billion
 "Foreign exchange reserves fall $5.35 billion; first drop in six months")
After swelling, India's forex reserves climb $456 mn to record $455 bn
During the reporting week, gold reserves increased by USD 164 million to USD 27.132 billion
 "After swelling, India's forex reserves climb $456 mn to record $455 bn")
India's foreign reserves in 'comfortable range' despite recent decline: DBS
Another 5-8 per cent fall in reserves will not jeopardise the situation, DBS said in a report
 "India's foreign reserves in 'comfortable range' despite recent decline: DBS")
India's foreign reserves enough to cushion vulnerabilities: DBS
The stock has increased on the back of strong foreign portfolio inflows
 "India's foreign reserves enough to cushion vulnerabilities: DBS")
Foreign reserves at higher level, but debt increases too: DBS
India's total foreign reserves slipped to $346 bn by late-Feb, down about $8.6 bn from its record peak in mid-2015
