Page 4 - Forex Reserves
Forex reserves fall $6.7 bn to $564 bn in 7 days, at 2-yr low: RBI
The central bank has been selling dollars in the foreign exchange market aggressively to curb any sharp fall in the rupee, which is one of the main reasons for the reserves to fall
 "Forex reserves fall $6.7 bn to $564 bn in 7 days, at 2-yr low: RBI")
Surplus parked with RBI falls below Rs 1 trillion as liquidity shrinks
RBI's forex moves, strong credit off-take lead to faster liquidity decline
 "Surplus parked with RBI falls below Rs 1 trillion as liquidity shrinks")
Should India go for bond issue to tap NRIs, other overseas investors?
The crucial issue is what should be the interest rate to attract overseas investors, mainly Indians to take part in it
 "Should India go for bond issue to tap NRIs, other overseas investors?")
Rupee won't go into free-fall even if CAD widens to 3-3.5%: BoA's Mehta
RBI needs to be fourth buyer in the bond market, says senior executive
 "Rupee won't go into free-fall even if CAD widens to 3-3.5%: BoA's Mehta")
Rupee at 80: What can be done?
We need to maintain the gap of interest rate differential with the US by raising rates in a measured way and allow the rupee to find its own level
 "Rupee at 80: What can be done?")
India's foreign exchange reserves drop $7.5 billion to $572.7 billion
Foreign exchange reserves depleted around $70 billion from its peak in September 2021
 "India's foreign exchange reserves drop $7.5 billion to $572.7 billion")
India's non-oil exports to Nepal fell 13% to $943 mn in April-May
Himalayan neighbour bans imports of non-essentials amid depleting forex; dip could impact India's FY23 trade deficit which is already worsening on fears of recession in developed countries
 "India's non-oil exports to Nepal fell 13% to $943 mn in April-May")
Pak may face serious economic crisis amid fast-depleting forex reserves
Increasing size of external debt servicing in each quarter indicates the government has been borrowing dollars at higher commercial rates to meet its foreign debt repayment obligations, report said.
 "Pak may face serious economic crisis amid fast-depleting forex reserves")
CAD as percentage of GDP: Nowhere near 2012-13 level, yet worrisome
If up to $50 billion is withdrawn from forex reserves to finance CAD, the country would still be able to meet nine month's imports. Any withdrawal beyond this could pose a problem
 "CAD as percentage of GDP: Nowhere near 2012-13 level, yet worrisome")
Neighbours, Russia can help convert 16.38% of India's trade into rupees
The rupee's use in trade settlement would help the RBI in conserving foreign exchange. India's forex reserves have fallen by more than Rs 1 trillion since the outbreak of the Russia-Ukraine war
 "Neighbours, Russia can help convert 16.38% of India's trade into rupees")
Economist Pronab Sen's prescription for the uncertain state of economy
The forex reserve has shrunk and the country might be staring at a twin deficit. To get a better understanding, Business Standard's Bhaswar Kumar spoke to economist Pronab Sen. Let us listen in
 "Economist Pronab Sen's prescription for the uncertain state of economy")
Unhedged exposure via external commercial borrowing new threat to rupee
According to RBI data on external debt released, short-term debt on a residual maturity basis accounted for 44.1% of foreign exchange reserves at the end of March 2022
TMSEp211: SpiceJet, Reliance Retail, estimated IT earnings, forex reserve
Can the SpiceJet incident be brushed aside as a blip? What is Reliance Retail's growth strategy? How will TCS Q1 results set the stage for IT earnings? What is a forex reserve? All answers here
 "TMSEp211: SpiceJet, Reliance Retail, estimated IT earnings, forex reserve")
What are forex reserves and why are they important?
RBI's recent measures to shore up rupee were a 'knee-jerk' reaction, said analysts. They said the country is sitting on a high forex reserve. But ever wondered what a forex reserve is? Let's find out
 "What are forex reserves and why are they important?")
Centre committed to meeting FY23 fiscal deficit target: Official
Says macroeconomic fundamentals and forex reserves are robust enough to deal with current geo-political challenges
 "Centre committed to meeting FY23 fiscal deficit target: Official")
China provides $2.5-bn loan to Pakistan to boost its forex reserves
The announcement of the Chinese assistance came after France signed an agreement with Pakistan to suspend its loan worth USD 107 million under the G20 Debt Service Suspension Initiative (DSSI).
 "China provides $2.5-bn loan to Pakistan to boost its forex reserves")
Sri Lanka limits forex possession by citizens to support dwindling reserves
Sri Lanka is facing a severe forex crisis which forced the island nation to declare a default of its international debt, becoming the first Asia-Pacific country in decades to default on foreign debt
 "Sri Lanka limits forex possession by citizens to support dwindling reserves")
RBI acts in forwards market to protect forex reserves, pulls down premiums
This move by the central bank results in premiums crashing
 "RBI acts in forwards market to protect forex reserves, pulls down premiums")
RBI may have boosted forwards intervention to slow rupee fall, save reserve
The Reserve Bank of India has run down its forward-dollar book by $12 billion to $15 billion from about $64 billion at the end of April
 "RBI may have boosted forwards intervention to slow rupee fall, save reserve")
Foreign exchange reserves up by $30.3 bn in FY22, shows RBI data
The Reserve Bank of India on Wednesday released Sources of Variation in Foreign Exchange Reserves in India during 2021-22
 "Foreign exchange reserves up by $30.3 bn in FY22, shows RBI data")
