Rupee and reserves to remain restless: Experts

Last Updated: Saturday, September 12, 2015, 18:15

The US Fed will decided on whether or not to raise interest rates in its Federal Open Market Committee (FOMC) slated for September 16-17.

Forex reserves continues to shrink, declines by close to $3 bn again

Last Updated: Friday, September 11, 2015, 18:14

In the previous reporting week, the reserves had fallen sharply by USD 3.433 billion to USD 351.920 billion.

China's foreign trade declines, record drop of forex reserves

Last Updated: Tuesday, September 8, 2015, 17:04

China Tuesday said its foreign trade in August decreased 9.7 percent year on year to about USD 320.8 billion amid rising concerns over the record drop of USD 93.9 billion in the Communist giant's foreign exchange reserves last month.

China announces policies to boost financial leasing

Last Updated: Monday, September 7, 2015, 20:43

The Chinese government on Monday rolled out measures on financial leasing following a top-level meeting chaired by Chinese Premier Li Keqiang in August that resulted in the decision to boost the sector to help cash-strapped firms.

Rupee tumbles to fresh 2-year low of 66.82 against US dollar

Last Updated: Monday, September 7, 2015, 19:40

The rupee plunged by 36 paise to close at 2-year low of 66.82 against the American currency today on persistent dollar demand from banks and importers due to sustained foreign capital outflows amidst sharp fall in equity markets.

China forex reserves decline on currency efforts: Bloomberg

Last Updated: Monday, September 7, 2015, 17:25

China's foreign exchange reserves fell by a record USD 93.9 billion last month, reports said, as Beijing sold dollars to support its own currency following jitters over a sudden devaluation.

$354-bn forex reserves too small to fight a crisis: Kaushik Basu

Last Updated: Wednesday, August 26, 2015, 23:02

World Bank chief economist Kaushik Basu Wednesday said the USD 354 billion of forex war-chest is not sufficient to fight a crisis and advocated accumulation of more currency assets as the right strategy.

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.

Raghuram Rajan says ready to use FX reserves as Sensex tumbles

Last Updated: Monday, August 24, 2015, 16:42

Reserve Bank of India Governor Raghuram Rajan said he was ready to deploy foreign exchange reserves to curb volatility in the currency as turmoil in global markets sent domestic shares down more than 4 percent and the rupee to its lowest since late 2013.

Raghuram Rajan reassures markets as China woes spread like wildfire

Last Updated: Monday, August 24, 2015, 11:30

Rajan said the country has USD 380 billion in forex reserves to be used as and when the need arises. He also said he sees oil prices remaining at low levels at for a year or two.

Forex reserves jump $1 billion to $354 billion after 2 weeks of dips

Last Updated: Friday, August 21, 2015, 20:50

After declining for two straight weeks, the foreign exchange reserves rose by a healthy USD 1.086 billion to touch USD 354.433 billion for the week to August 14, led by an increase in foreign currency assets.

Yuan devaluation to have temporary impact on rupee: CEA

Last Updated: Friday, August 14, 2015, 21:34

The Finance Ministry on Friday said the devaluation of Chinese currency will only have a temporary impact on the rupee as India has adequate foreign exchange reserves.