#forexreserves

[wnewsguru]

विदेशी मुद्रा भंडार: 11 माह के आयात के लिए पर्याप्त भंडार

नीति आयोग के पूर्व उपाध्यक्ष राजीव कुमार ने चालू वित्त वर्ष में देश की आर्थिक वृद्धि दर 6.5 फीसदी रहने का अनुमान जताया। उन्होंने सोमवार को कहा, प्रधानमंत्री नरेंद्र मोदी के नेतृत्व वाली सरकार ने 9 साल में जो सुधार किए हैं, उससे देश की व्यापक आर्थिक स्थिति को फायदा हो रहा है। कुमार ने … Read more

[centfx]

Centfx

Because of the possibility of an aggressive rate cut by the Fed, USD/CHF drops to about 0.8450.

The USD/CHF pair resumes its recent upward trend, closing at 0.8450 on Wednesday during Asian trading hours. The US Federal Reserve (Fed), which meets later in the North American session in September, is expected to announce a significant rate drop of 50 basis points. This has led to challenges for the US Dollar (USD). According to the CME Tool, markets are pricing in a 33.0% chance of a 25 basis point rate decrease, but the chance of a 50 basis point cut has increased to 67.0%, from 62.0% just the day before. US retail sales surpassed estimates of a 0.2% decrease on Tuesday, rising by 0.1% MoM in August after a revised 1.1% growth in July, exceeding forecasts of a 0.2% decrease and demonstrating strong consumer spending. The Retail Sales Control Group, on the other hand, increased by 0.3%, marginally less than the 0.4% increase that occurred the previous month.

#centfx #ForexReserves #forexworld #forexeurope #forextips #forexonline

[pebblegalaxy]

Unlocking the Power of Forex Reserves: India's Economic Triumph #BlogchatterA2Z

Unlocking the Power of Forex Reserves: India's Economic Triumph #BlogchatterA2Z #ForexReserves #EconomicGrowth #FinancialStability #RBI #India #EconomicTriumph #IndiaEconomy

India’s foreign exchange reserves have reached a historic high of $645.5 billion, marking the sixth consecutive week of growth. This surge underscores India’s robust economic resilience and its ability to weather global uncertainties. With the fourth-largest forex reserves in the world, India’s financial stability is bolstered, providing a strong foundation for sustained economic growth and…

[net4news]

Forex reserves fall by $2.986 billion to $579.285 billion - Net4News

MUMBAI: The country's foreign exchange reserves declined by $2.986 billion to reach $579.285 billion in the week ended March 26, the Reserve Bank of India (RBI) data showed on Friday. In the previous week ended March 19, the forex kitty had increased by $233 million to $582.271 billion. It had touched a record high of $590.185 billion in the week ended January 29, 2021. In the reporting week ended March 26, 2021, the fall in reserves was on account of a decrease in foreign currency assets (FCA), a major component of the overall reserves. FCA declined by $3.226 billion to $537.953 billion, as per weekly data by the RBI. Expressed in dollar terms, 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 reserves. The gold reserves increased by $276 million to $34.907 billion in the reporting week, the RBI data showed. The special drawing rights (SDRs) with the International Monetary Fund (IMF) dipped by $9 million to $1.49 billion. The country's reserve position with the IMF declined by $27 million to $4.935 billion in the reporting week, according to the data. Source link Read the full article

[gauravdwivedy]

Forex reserves surge $5.4 billion to all-time high of $560.532 billion - Times of India

MUMBAI: The country's foreign exchange reserves swelled by $5.412 billion to touch an all-time high of $560.532 billion in the week ended October 23, RBI data showed on Friday. In the previous week ended October 16, the reserves stood at $555.12 billion after increasing by $3.615 billion. During the reporting week, the surge in the forex kitty was mainly on account of an increase in foreign currency assets (FCA), a major component of the overall reserves. FCA rose by $5.202 billion to $517.524 billion, the RBI's weekly data showed. Expressed in dollar terms, 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 reserves. The gold reserves were up by $175 million in the reporting week to $36.860 billion, as per the central bank data. The special drawing rights with the International Monetary Fund (IMF) rose by $8 million to $1.487 billion. The country's reserve position with the IMF also climbed by $27 million to $4.661 billion during the reporting week, the data showed. Source link Read the full article

[sanskritiias]

विदेशी मुद्रा भंडार (Forex Reserve) विदेशी मुद्रा भंडार का आशय केंद्रीय बैंक द्वारा विदेशी मुद्रा में आरक्षित संपत्ति से होता है। #forexreserve #civilservice #IAS #UPSC #UPSC2022 #CSE #sanskritiias https://www.instagram.com/p/CdNLJyZv_fj/?igshid=NGJjMDIxMWI=

[deepanchorstarlight]

News Source - PTI #forex #forexreserve #indianeconomy #monetorysystemindia #rbi #export #q1 #financialyear2020 #newsupdateindia https://www.instagram.com/p/CDl1hfTp7Qn/?igshid=heiq3nk4y0t7

[rrcoachingclasses-blog]

#forex #indiaforex #forexreserve #reserves #reserve #provision #indiancountry #india (at R.R. Classes) https://www.instagram.com/p/CAPd1fbB_tZ/?igshid=16b6pvmf22s2a

[myplexusmf-blog]

Bangladesh beats India – It’s not cricket

Bangladesh, the tiny nation that India helped carve out from Pakistan in 1971 was seen as the de facto loser in every economic, social and sporting endeavour amongst countries in the subcontinent. It has been the favourite laggard that everyone depended on to be true to its label.

However, a recent visit to the country and a few discussions with a few individuals there opened my eyes. Having always assumed that the INR would get me a ton of Bangladeshi taka, I was taken aback when the difference in rate came out to be just 15 paise, actually less accounting for trading markups.

Upon talking to some business people there, some more eye openers came my way. The sheer bravado, the confidence oozing out of the common people and their business aggression was evident of the animal spirit that perhaps was evident for us here in India at the turn of the century.

So was it the animal spirit only or was there factual pointers to this. Analyzing for the period 2014-18 between the two countries threw up a lot of revealing facts.

Whereas the population growth between the two countries, Bangladesh had grown by a full two percent more, the GDP growth differential was nearly double. Versus Bangladesh’s near 60% GDP growth, India was a mere 33%. This lead to a major differential in the per cap GDP.

READ MORE

[salam2050]

Rupee Likely To Strengthen Marginally Against Dollar Next Year: Report

Rupee Likely To Strengthen Marginally Against Dollar Next Year: Report

The domestic unit’smovements are closely linked with the changes in forexreserves The domestic unit may strengthen marginally against the US dollar next year. According to a recent report titled ‘Ecoscope – India’s Quarterly Economic Outlook’ released by Motilal Oswal, the country has posted its first quarterly current account surplus in 13 years and expected to post a first annual surplus in 17…

[centfx]

Centfx

.In the middle of the 1.3500s, USD/CAD trades slightly lower due to rising oil prices.

During the Asian session on Monday, the USD/CAD pair trades with a slight negative bias around the mid-1.3500s, unable to gain on Friday's significant intraday surge of over 100 pip. A minor increase in the price of crude oil is the driving force behind the downturn, but a number of other variables should prevent worse losses. With a possible hurricane predicted to hit the northwest US Gulf Coast, which supplies 60% of the country's refining capacity, crude oil prices have moved away from their lowest point since June 2023. Thus, it is believed that this supports the Loonie, which is correlated with commodities, and puts some downward pressure on the USD/CAD pair. Nevertheless, worse Canadian jobs report sparked expectations of more Bank of Canada (BoC) interest rate reductions and ought to limit gains for the national currency.

centfx #ForexReserves #forexworld #forexeurope #forextips #forexonline

[caharshita24]

Forex Reserves #ForexReserves

  Foreign Currency Assets/Reserves �� The total foreign currencies (of different countries) an economy possesses at a point of time is its ‘foreign currency assets/reserves’

  The Forex Reserves or FOREX of an economy is its ‘foreign currency assets’ added with its gold reserves, SDRs (Special Drawing Rights) and Reserve Tranche in the IMF.

  Reserve tranche– It consists of India’s quota…

[myplexusmf-blog]

Your Thailand vacation will keep on getting more expensive

Definitely for so many of us from the eastern part of the country, and certainly for so many of us countrymen, Thailand may well be our 30th state. And with the Thai government making entry into the country even easier (read no visa required) we would not be very wrong in thinking so. The nearest substantial holiday, and chic shopping destination from Kolkata is Bangkok – its just a bit under 2 hours and that makes it much closer than Mumbai, Chennai or Delhi. The closest sea beach and golf resort options, major aqua sport and recreation centres are all there. Add to that hotel prices that are too good to miss, food to die for and a “foreign stamp” on the passport makes it a compelling destination for not only Indians but also for so many all over the world. Even though the tiny country is an economic minnow (or is it?) compared to its neighbor to the east (India), how is it that their currency, the Thai Bhat (THB) has gained upon the Indian Rupee (INR)??

In 1998, on my first visit to Thailand, I remember having paid less than a rupee to get a THB but today I pay nearly 2.5 times. This amounts to a simple depreciation rate of 7.5% per annum over the two decades in question. This is a huge markdown for the rupee against a currency of a country whose GDP is nearly a sixth of us at just about 500 billion odd USD.

But that’s about the only thing that India beats Thailand at.

India over the years have remained an economically inward looking country, focusing on our consumption. If we are to disregard tech and pharma from the equation we hardly have any exports to talk of. But each of the Asian tigers have relied upon cheap labour, fantastic infrastructure and can-do spirit to make themselves export houses. Thailand, a 500 billion economy gets to earn 300 billion of it from exports. Compare that to India’s 2.7 Trillion USD economy that sells just a fifth of its

produce and services abroad. Not only that. India imports a lot more compared to its exports versus Thailand, which sees its exports consistently higher than its imports.

This leads to a major positive for the Thai economy.

READ MORE

[jhunjhunwalas]

‎India‬‘s ‪#‎ForeignExchangeReserves‬ as on 11th December 2015 Released by ‪#‎RBI‬ ‪#‎ReserveBankofIndia‬ ‪ #‎ForexReserves‬ ‪#‎InterntionalReserves‬ ‪#‎ForeignCurrency‬ ‪#Banking‬Data ‪For more informative posting visit… https://www.linkedin.com/company/jhunjhunwalas

[centfx]

Centfx

Stronger USD/INR trading as the US PMI report is approaching

Despite the declining value of the US dollar (USD), the Indian rupee (INR) continues to decline on Thursday. The Indian rupee suffered from a sell-off in domestic stocks that followed international trends, sending the currency to almost all-time lows. The Reserve Bank of India's (RBI) potential intervention through USD sales, however, might stop the Indian Rupee from falling below 84. Furthermore, since India is the third-largest oil-importing and consuming country in the world, a decline in crude oil prices may help minimize the INR's losses. Later on Thursday, the US ISM Services Purchasing Managers Index (PMI) is expected to decline from 51.4 in July to 51.1 in August. The focus will be on August's US Nonfarm Payrolls (NFP). This incident may provide some indications regarding the scope and speed of this year's rate cuts by the Federal Reserve (Fed).

#centfx #ForexReserves #forexworld #forexeurope #forextips #forexonline