News for 'Foreign Exchange Crisis'

'When innocent children die...': Modi to Putin on Ukraine war

'When innocent children die...': Modi to Putin on Ukraine war

Rediff.com9 Jul 2024

Prime Minister Narendra Modi on Tuesday told Russian President Vladimir Putin that a solution to the Ukraine conflict is not possible on the battlefield and peace efforts do not succeed in the midst of bombs and bullets even as he flagged concerns over a missile strike on a children's hospital in Kyiv.

Manmohan calls for overhaul of state finances

Manmohan calls for overhaul of state finances

Rediff.com6 Aug 2003

Speaking in the Rajya Sabha on the precarious condition of state finances, Congress leader Manmohan Singh on Tuesday said the state finances were in dismal shape.

President Rajapaksa still in Sri Lanka: Parliament Speaker

President Rajapaksa still in Sri Lanka: Parliament Speaker

Rediff.com11 Jul 2022

"President of Sri Lanka Gotabaya Rajapaksa is still in the country, I made a mistake in the (BBC) interview," Speaker Abeywardena told ANI in a telephone call.

Rest easy, the economy is not back to 1991: Kaushik Basu

Rest easy, the economy is not back to 1991: Kaushik Basu

Rediff.com19 Aug 2013

Recently, Prime Minister Manmohan Singh had also ruled out the possibility of India witnessing a repeat of the 1991 balance of payments crisis and reversing the path to globalisation of economy.

Weakness in rupee seen continuing in 2015

Weakness in rupee seen continuing in 2015

Rediff.com16 Dec 2014

May touch 64/$ due to foreign flows slowing down

Russian crisis: Putin talks smooth but offers no cure

Russian crisis: Putin talks smooth but offers no cure

Rediff.com18 Dec 2014

The rouble has fallen about 45 per cent against the dollar this year.

Why Are Sri Lankans Protesting Against India?

Why Are Sri Lankans Protesting Against India?

Rediff.com20 Mar 2022

Glimpses of the protests in Colombo against the worsening economic crisis

US Fed signals the end of crisis-fighting

US Fed signals the end of crisis-fighting

Rediff.com20 Mar 2015

Fed is still concerned about weak export growth.

Regulators fine global banks $3.4 bn in forex probe

Regulators fine global banks $3.4 bn in forex probe

Rediff.com12 Nov 2014

Royal Bank of Scotland and JP Morgan were also fined over attempts to rig currency benchmarks in a year-long probe that has put the largely unregulated $5 trillion-a-day market on a tighter leash, with dozens of dealers suspended or fired.

Sri Lankan court orders release of 56 Tamil fishermen

Sri Lankan court orders release of 56 Tamil fishermen

Rediff.com25 Jan 2022

A Sri Lankan court on Tuesday ordered the release of 56 Indian fishermen who were detained for allegedly fishing in the island nation's territorial waters.

Xi, Putin hint at political settlement to end Ukraine war

Xi, Putin hint at political settlement to end Ukraine war

Rediff.com16 May 2024

"The two sides note that the relationship between Russia and China has progressed to a more advanced interstate cooperation compared to the military-political unions of the Cold War era as it is not bloc or confrontational in nature, nor does it target any third countries," Russia's new agency Tass quoted the document as saying.

Sri Lanka, India ink deal to jointly redevelop strategic oil tank complex

Sri Lanka, India ink deal to jointly redevelop strategic oil tank complex

Rediff.com7 Jan 2022

Sri Lanka on Thursday signed an agreement with India to jointly redevelop the strategic World War II-era oil tank farm in the island nation's eastern port district of Trincomalee, in a new milestone in bilateral economic and energy partnership.

'If Imran emerges more powerful in the battle...'

'If Imran emerges more powerful in the battle...'

Rediff.com15 May 2023

'...The more the Pakistan army becomes weaker, then there is every possibility that terrorist groups may create more anarchy in Pakistan.'

Global economic outlook most favourable since 2008

Global economic outlook most favourable since 2008

Rediff.com27 Feb 2015

Outlook for external sector is the most favourable.

No leadership crisis in Congress: Khurshid

No leadership crisis in Congress: Khurshid

Rediff.com22 Nov 2020

The senior leader said there an all-round support for Sonia and Rahul Gandhi is "apparent to anyone who is not blind".

PM Modi takes crisis management tips at EMERCOM

PM Modi takes crisis management tips at EMERCOM

Rediff.com24 Dec 2015

Prime Minister Narendra Modi on Thursday visited Russia's premier crisis management centre which deals with emergency situations and ensures coordination among various relevant agencies.

Forex reserves of 8 Asian countries down by $36 bn

Forex reserves of 8 Asian countries down by $36 bn

Rediff.com30 Sep 2008

Foreign exchange reserves of eight Asian countries have depleted by a record $36 billion in August alone, as foreign investors pulled out money and central banks were seen using the reserves to prop up falling local currencies.

Media must be vigilant, point out govt's shortcomings: Manmohan Singh

Media must be vigilant, point out govt's shortcomings: Manmohan Singh

Rediff.com8 Nov 2022

Former Prime Minister Manmohan Singh on Tuesday said the media needs to remain vigilant and flag shortcomings of the government with a view to improve the effectiveness of governance.

How India's financial sector tackled economic crisis

How India's financial sector tackled economic crisis

Rediff.com28 Oct 2014

A customer wanting to buy a car would have to wait a long time for delivery.

Rajan says taking steps to 'firewall' the economy

Rajan says taking steps to 'firewall' the economy

Rediff.com13 May 2016

In 2013, India suffered its worst currency crisis in more than two decades but has regained the confidence of foreign investors in part after its current account deficit has narrowed sharply and its foreign exchange reserves hit a record high

$1 trillion forex reserves in India: A pipe dream

$1 trillion forex reserves in India: A pipe dream

Rediff.com4 Apr 2015

India's foreign exchange reserves are at an all-time high.

RBI is 80! Milestones of an illustrious journey

RBI is 80! Milestones of an illustrious journey

Rediff.com2 Apr 2015

With a sole mandate of inflation targeting, RBI wears many hats.

Sri Lankan Oppn agrees to form all-party interim government

Sri Lankan Oppn agrees to form all-party interim government

Rediff.com10 Jul 2022

Sri Lanka's main Opposition parties on Sunday agreed to form an all-party interim government after the anticipated resignation of President Gotabaya Rajapaksa on Wednesday, following unprecedented political turmoil that forced him and Prime Minister Ranil Wickremesinghe to offer their resignations over the mishandling of the nation's crippling economic crisis.

Re down 48 paise vs USD but logs 1st gain in 10 weeks

Re down 48 paise vs USD but logs 1st gain in 10 weeks

Rediff.com8 Jun 2012

On Thursday, the local unit had ended higher by 42 paise at 54.94, its highest closing since May 18 against the dollar on sustained FII inflows.

'Several problems about India borrowing overseas'

'Several problems about India borrowing overseas'

Rediff.com17 Jul 2019

'The most important thing is that the psychological signal it is giving to the markets and international markets,' says former finance secretary Arvind Mayaram.

China Threat Leads India Japan To Boost Defence Ties

China Threat Leads India Japan To Boost Defence Ties

Rediff.com22 Aug 2024

The compulsion behind India and Japan to deepen security cooperation is in response to China's growing political and economic clout and its assertive behaviour in disputed areas. This has been the key driver for bringing both India and Japan closer in the domain of security cooperation, explains Dr Rajaram Panda.

'India should start thinking about having its own crypto exchange and crypto currency'

'India should start thinking about having its own crypto exchange and crypto currency'

Rediff.com17 Dec 2021

'India should start leveraging rather than banning crypto.'

With tons of cash, China's buying the world

With tons of cash, China's buying the world

Rediff.com19 Nov 2009

For China, recession was like an oppurtunity that comes after hundreds of years, and with its piggy bank overflowing money the country went on a wild shopping spree...

Rupee tanks 36 paise against USD as Iraq crisis worsens

Rupee tanks 36 paise against USD as Iraq crisis worsens

Rediff.com18 Jun 2014

The rupee had revisited the near 2-month low of 60.55 per dollar earlier in the session.

Ukrainian minister to visit India, may invite Modi to Kyiv

Ukrainian minister to visit India, may invite Modi to Kyiv

Rediff.com8 Apr 2023

Ukraine's First Deputy Foreign Minister Emine Dzhaparova will pay a four-day visit to India from Sunday, the first official visit from the East European country since the Russian invasion began last year.

MFs turn net sellers in April, offload equities worth Rs 5,100 crore

MFs turn net sellers in April, offload equities worth Rs 5,100 crore

Rediff.com11 May 2023

Mutual funds (MFs) turned net sellers of equities in April amid a run up in stock prices on sustained inflows from foreign portfolio investors (FPI). The benchmark indices, Sensex and Nifty50, logged their biggest monthly advance since November last year, gaining 3.6 per cent and 4.1 per cent last month. Data from the Securities and Exchange Board of India (Sebi) shows that MFs sold equities worth over Rs 5,100 crore in April, the highest since February 2021.

Nawaz Sharif briefs President on political crisis

Nawaz Sharif briefs President on political crisis

Rediff.com21 Aug 2014

Pakistan Prime Minister Nawaz Sharif on Thursday met President Mamnoon Hussain here and discussed the current political crisis caused due to anti-government protests spearheaded by opposition leader Imran Khan and cleric Tahirul Qadri, demanding the premier's resignation.

G20's Delhi declaration sent a 'positive signal': China

G20's Delhi declaration sent a 'positive signal': China

Rediff.com12 Sep 2023

India on Saturday pulled off a big diplomatic win after the G20 summit held under its presidency adopted a consensus declaration overcoming major differences on the Russia-Ukraine war, as Prime Minister Narendra Modi called for ending the "global trust deficit".

The Real Hero of the Economic Reforms

The Real Hero of the Economic Reforms

Rediff.com9 Jul 2021

It is time for the three finance ministers of the 1990s to reveal the real hero, says T C A Srinavasa-Raghavan.

All you need to know about the Greek crisis

All you need to know about the Greek crisis

Rediff.com30 Jun 2015

Will Greece manage to pay euro 1.5 billion to IMF?

After 9 years, RBI once again adds gold to forex reserves

After 9 years, RBI once again adds gold to forex reserves

Rediff.com3 Aug 2018

In April and May, there were additions by RBI of 600 kg and 900 kg. RBI's total gold holding is now 561.9 tonnes.

Ruble becomes best-performing currency in March

Ruble becomes best-performing currency in March

Rediff.com31 Mar 2022

The ruble has recouped most of its losses and become the top-performing currency globally. It continues to gain and is up 60 per cent against the US dollar from its lows in the first week of March. The ruble appreciated to 83 to the dollar intraday on Tuesday against a record low of 139 on March 7.

'Think of RBI as a profit-making company'

'Think of RBI as a profit-making company'

Rediff.com9 Sep 2019

'Only the coming years will tell whether the government finds this an easy way of relieving itself from its fiscal constraints.'

India's economic situation could be worse than 1991: Kelkar

India's economic situation could be worse than 1991: Kelkar

Rediff.com1 Oct 2012

The Vijay Kelkar committee has cautioned that India's current account deficit (CAD) might rise to a record 4.3 per cent of gross domestic product (GDP) in 2012-13 if reforms to address this do not take place.