Currency volatility: How it will affect global growth

Last Updated: Wednesday, August 26, 2015, 09:33

Faced with falling exports and deflation risks, it suited much of Asia to let their currencies drift lower, until China`s abrupt devaluation triggered a tide of volatility that is upsetting not just their currency management but also their growth strategies.

RBI, Central Bank of Sri Lanka ink currency swap agreement

Last Updated: Friday, July 17, 2015, 17:32

The Reserve Bank on Friday signed a special currency swap agreement with the Central Bank of Sri Lanka that will allow the latter to draw up to USD 1.1 billion.

Country's IT exports may grow 12-14 pc next fiscal: Nasscom

Last Updated: Tuesday, February 10, 2015, 15:35

Country's IT exports are likely to grow in the range of 12-14 percent in the next fiscal (FY'16) with currency volatility and macro economic headwinds as the primary challenges going ahead.

FM concerned over high overseas derivative rupee market

Last Updated: Saturday, December 14, 2013, 16:14

Amid currency volatility, Finance Minister P Chidambaram today expressed concern over high derivative trading on rupee in overseas markets and stressed on more financial reforms to boost the local currency market.

Currency volatility in India brings down PC shipments in APAC

Last Updated: Thursday, October 10, 2013, 15:02

PC shipments in Asia Pacific (APAC) fell by over 11 percent to 28.1 million units in the July-September quarter this year due to currency volatilities, especially in India and Indonesia, research firm Gartner said.