Cash-strapped Pakistan is expected to receive $2.5 billion (about Rs 14,000 crore) as financial assistance from the United States during the current fiscal following the end of a standoff between the two sides on NATO supply routes to Afghanistan
Foreign currency assets, a major component of the forex reserves, dipped by $3.056 billion to $258.51 billion for the week ended May 31, the Reserve Bank.
Prime Minister Khan, who had effectively lost his majority in the 342-member National Assembly, made a brief address to the nation after a stormy parliament session was adjourned by Deputy Speaker Qasim Suri.
His about-turn in the farm laws proves that he sees everything in just one dimension: Politics. That helps sometimes. But not always, observes T C A Srinivasa-Raghavan.
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.
Last week, the forex reserves had surged by $2.374 billion to $363.171 billion.
The foreign exchange reserves rose by a robust $1.637 billion to touch $296.63 billion during the week ended December 14 on the back of healthy addition of core currency assets, the Reserve Bank said.
In the previous week, the reserves had fallen by $3.028 billion to $360.797 billion.
RBI Governor Shaktikanta Das has assured Finance Minister Nirmala Sitharaman that the Rs 12.05-trillion gross borrowing programme for FY22 will go through smoothly.
India's foreign exchange reserves slipped marginally by $32.7 million to $293.53 billion, the Reserve Bank said.
In New York market, the US dollar cut its rise after a round of mixed US data yesterday, but held narrowly higher against key rivals.
In the previous week, the reserves had fallen by $121.3 million to $360.905 billion.
The foreign exchange reserves fell by $502.4 million to $293.97 billion due to fall in the currency assets, according to Reserve Bank data released on Friday.
The foreign exchange reserves slipped by a hefty $1.59 billion to $294.99 billion on the back of heavy decline in gold reserves and the core currency assets, the Reserve Bank said on Friday.
Higher imports and moderating exports growth has lead to the widening of the CAD.
According to sources, the central bank is keen on such a scheme to attract foreign exchange, as the country's reserves have seen a depletion in the wake of a weakening domestic currency.
The move came hours after Khan was removed from office through a no-confidence vote held early Sunday morning, becoming the first premier in the country's history to be sent home after losing the trust of the House.
Continuing their rising trend, the country's foreign exchange reserves increased by $1.350 billion to touch a record high of $361.601 billion in the week to April 22.
'A strong foreign exchange reserve is the best safety net against global spillovers.'
Caution ahead of key consumer inflation data in the day also weighed.
Ppolitical experts in Colombo said the ministers came under intense pressure from the public over the government's alleged "mishandling" of the economic crisis, triggered by the shortage in the foreign exchange reserve.
Survey calls for reorienting policies to promote young firms which have the potential to become big, rather than small MSME firms which remain small.
Foreign currency assets, a major component of the overall reserves, declined by $3.208 billion to $395.276 billion.
FCAs decreased by $3.56 billion to $325.03 billion.
'... as has been happening in the last three weeks, then the foreign exchange reserves will not be comfortable to ensure that the rupee does not fall drastically.'
India's reserve position with the International Monetary Fund was down $4.4 million to $1.67 billion.
The reformist wing of the current Chinese leadership should look to Zhu Rongji for a solution.
The central bank also purchased $778 million dollars in May and $650 in June.
The Summit could look at the possibility of starting credit facility in local currency by the BRICS Bank.
RBI's foreign exchange reserves fell $237.5 million.
Foreign currency assets, a major component of the overall reserves, rose by $1.404 billion to $338.897 billion in the reporting week
The gold reserves were unchanged at $26.61 billion, the apex bank said.
India's foreign exchange reserves nearly hit a nine-month low and fell by $5 billion to $302 billion for the week ended December 16, on account of revaluation in foreign currency assets.
The country's foreign exchange reserves rose by $1.73 billion for the week ended October 31 to $315.91 billion, show Reserve Bank of India (RBI) data released on Friday, marking one of the sharpest rises ever.
Nirmala Sitharaman is proving to be a better finance minister than her initial rookie status might have led people to expect, observes T N Ninan.
Supporting the industry ministry's proposal to set up a sovereign wealth fund to finance infrastructure projects, Chief Economic Adviser Kaushik Basu on Monday said India can use a part of its large foreign exchange reserves to create the fund.
The marginal decline in reserves was on account of fall in foreign currency assets
India (NRIs included) goes crazy about gold jewellery.
Foreign exchange reserves rose to a record $167.092 billion as on October 27 from $166.153 billion in the previous week, according to the weekly supplement released by the Reserve Bank of India on Friday.
The gold reserves remained unchanged at $18.151 billion.
