You Searched For "foreign currency reserves" and got 20 results
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1 min read
RBI, Bank Indonesia sign pact to promote use of local currencies for bilateral trade
The Reserve Bank of India and Bank Indonesia (BI) on Thursday signed a Memorandum of Understanding …
PTI
3 mins read
Gold and some non-dollar currencies start to shine, but it's not all about de-dollarization
The US dollar is used in about 50% of all global payments and 84% of trade finance contracts — far …
Huileng Tan
2 mins read
At USD 642.292 bn, India's foreign exchange reserves hit all-time high
India's foreign exchange reserves rose for the fourth straight week to hit an all-time high of USD …
ANI
2 mins read
Vladimir Putin takes aim at the US dollar's dominant position as the world's reserve currency
"To use the dollar as a tool of foreign policy struggle is one of the biggest strategic mistakes ma…
Matthew Fox
2 mins read
Rupee falls 3 paise to close at all-time low of 83.66 against US dollar
On Thursday, the rupee depreciated 5 paise and settled at a new low of 83.63 against the US dollar.
PTI
2 mins read
Rupee rises 8 paise to 83.89 against US dollar in early trade
The rupee rose 8 paise to 83.89 against the US dollar due to favorable domestic equities and a dip …
PTI
1 min read
India's foreign exchange reserves fall to $584.24 billion
India's foreign exchange reserves fell by $2.164 billion to $584.248 billion for the week ending Ap…
3 mins read
De-dollarization is a fad that will backfire on countries trying to move away from the greenback, currency expert says
Dollar dominance is sticking around for at least the next few decades, one currency expert told Bus…
Jennifer Sor
2 mins read
Rupee moves upward for second straight session, rises 6 paise to 83.37 against US dollar in early trade
The rupee stayed on the upward track for the second straight session and appreciated 6 paise to 83.…
PTI
1 min read
Israel's currency tumbles to 7-year low, prompting its central bank to sell $30 billion in foreign reserves
Strategists have warned that Hamas' attack on Israel will weigh on markets and commodities while fu…
Phil Rosen
2 mins read
India's digital public infrastructure is transforming country's economic landscape, notes RBI
Built on principles of public good, open access, and regulatory fairness, India Stack has become a …
ANI
1 min read
RBI to allow opening of rupee account outside India
The RBI said it has finalised a strategic action plan for 2024-25 and envisaged liberalisation …
PTI
2 mins read
Rupee trades in narrow range against US dollar in early trade
At the interbank foreign exchange market, the local unit moved in a narrow range. It opened at …
PTI
2 mins read
Rupee falls 9 paise to 83.43 against US dollar in early trade
At the interbank foreign exchange market, the local unit opened at 83.39 and lost further groun…
PTI
1 min read
Rupee trades flat 83.49 against US dollar in early session
Powell's testimony offered little new guidance on the US central bank's plans for when it mig…
PTI
1 min read
India's forex reserves post biggest weekly fall in 11 months
India's foreign exchange reserves fell by $8.3 billion to $566.95 billion in the week ended Februar…
1 min read
Allow foreign currency transactions in country via RBI: Consultants & service providers urge govt
Consultants and service providers in the country have urged the government to stop routing domestic…
PTI
1 min read
Russia is doubling down on its de-dollarization efforts as Putin calls to reduce use of 'toxic' currencies
Russia's use of "toxic" currencies has been slashed in half over the past year, Putin said.
Jennifer Sor
2 mins read
Rupee sees range-bound trade against US dollar in morning deals
At the interbank foreign exchange market, the local unit opened at 83.52 and gained further to …
PTI
1 min read
How Argentina's inflation fight made the peso the strongest currency in the world
Javier Milei's measures to tame Argentina's inflation have boosted the peso to the top, rising 25% …