News for 'Foreign Exchange Crisis'

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.

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

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.

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.

'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.'

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.

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 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.

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.

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.

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.

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.

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

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.

$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.

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.

'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.'

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.

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".

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.

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.

The Importance Of Russia And US For India

The Importance Of Russia And US For India

Rediff.com8 Jul 2024

New Delhi has reached out to Moscow while waiting for a new president in Washington. New Delhi knows well that in international relations, there are no permanent friends or foes, only permanent national interests, points out Dr Rup Narayan Das.

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.

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.

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.

Byju's in talks with investors to raise $300 mn in return for more controls

Byju's in talks with investors to raise $300 mn in return for more controls

Rediff.com2 Jan 2024

With investors asking for a change in the board structure at Byju's, the edtech giant's founder and chief executive officer (CEO), Byju Raveendran, is now asking them to put $300 million into the company for more control. The company has rung up $5.8 billion from investors such as General Atlantic, Sofina, the Qatar Investment Authority, Sumeru Ventures, Vitruvian Partners, BlackRock, Chan Zuckerberg Initiative, Sequoia, Silver Lake, Bond Capital, Tencent, and Tiger Global.

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.

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?

'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.

There is simply no escape from printing money

There is simply no escape from printing money

Rediff.com29 Apr 2020

'This is not without risk because extraordinary steps taken in exceptional times have the habit of becoming habits until the next crisis intervenes,' warns T N Ninan.

Ex-Lanka Prez gets govt bungalow, special security on return

Ex-Lanka Prez gets govt bungalow, special security on return

Rediff.com3 Sep 2022

The ex-president returned to Sri Lanka on a Singapore Airlines flight.