Search Result for : Forex Reserves

The Dollar Business Bureau The global demand for gold fell by 18% to 1,034 tonnes during the January-March period of 2017, primarily due to fewer inflows into the exchange-traded funds (ETFs) and slow central bank demand, as per the World Gold Council (WGC). The overall global demand for gold stood at 1,262 tonnes in the first quarter of 2016, as per the latest report on Gold Demand Trends by WGC.  “Demand is down but that is largely because Q1 last year was exceptionally high. Although we did not see the record-breaking surges in ETF inflows experienced in Q1 2016, we have seen good inflows nonetheless this quarter, with strong interest from European investors ahead of the Dutch and French elections,” said Alistair Hewitt, ...

The Dollar Business Bureau Foreign exchange (forex) reserves of India surged by $889.4 million and reached $369.887 billion in the week ended on April 14, supported by a rise in the foreign currency assets, said the Reserve Bank of India (RBI). The forex reserve had dropped by $956.4 million to $368.998 billion in the preceding week. The reserves had reached an all-time high of $371.99 billion during the week ended on September 30, last year. Foreign currency assets (FCAs), a key component in the total reserves, rose by $881 million and reached $346.248 billion in the given week, said RBI. FCAs, expressed in terms of US dollar, include the impact of depreciation/appreciation of the non-US currencies, like pound, euro and yen, which are ...

The Dollar Business Bureau China's foreign exchange reserves in March grew $3.96 billion to $3.009 trillion, compared to $3.005 trillion at the end of February. The March data indicated that the Chinese government’s recent initiatives including easing of capital outflows have given liberty to People's Bank of China to withdraw from foreign exchange intervention In January, China’s reserves nosedived below $3 trillion for the first instance in nearly six years. However, in February foreign reserves rebounded to their first increase in eight months. The March growth is also the first instance when the reserves increased for two consecutive months since April 2016.   Economists have however noted that this growth is rather temporary, especially in the backdrop of a decline in dollar value. China's ...

PTI India's foreign exchange reserves declined by $56.8 million to $362.73 billion in the week to February 17, on account of dip in foreign currency assets (FCAs), the Reserve Bank said on Friday. In the previous week, the reserves had fallen by $360.9 million to $362.78 billion. A major component of the overall reserves, FCAs dropped by $59.1 million to $339.72 billion in the reporting week, RBI said. Expressed in US dollar terms, they include the effects of appreciation/depreciation of non-US currencies, such as the euro, pound and the yen held in the reserves. Gold reserves remained unchanged in the week at $19.248 billion, the apex bank said. The special drawing rights with the International Monetary ...

PTI India's foreign exchange reserves dropped by $360.9 million to $362.785 billion in the week to February 10 due to decline in foreign currency assets (FCAs), a key component, the Reserve Bank said today. In the previous week, the reserves had increased by $1.588 billion to $363.146 billion. A major component of the overall reserves, FCAs declined by $347.1 million to $339.778 billion in the reporting week, RBI said. Expressed in US dollar terms, they include the effects of appreciation/depreciation of non-US currencies, such as the euro, pound and the yen held in the reserves. Gold reserves remained unchanged in the week at $19.248 million, the apex bank said. The special drawing rights with the International Monetary Fund ...

The Dollar Business Bureau India’s foreign exchange reserves scaled $1.223 billion to touch a new high of $371.99 billion for the week to September 30, according to Reserve Bank of India (RBI) data.  The increase was primarily due to a $1.468-billion increase in the foreign currency assets. The reserves grew $1.166 billion to $370.766 billion in the previous week. The foreign reserves had touched $371.279 billion in the week to September 9.  Foreign currency assets, a major component of the overall reserves, surged $1.468 billion to $346.71 billion, RBI said in a statement.  After remaining steady for various weeks, gold reserves fell $236.4 million to $21.406 billion, the premier banking authority said.  Meanwhile, the special drawing rights with the International Monetary Fund (IMF) also decreased $3.3 ...

Sharath Chowdary With the changing dynamics  and increased volatility of exchange rates across the globe, currency prices fluctuate all the time and they are open to risk in the foreign exchange market just like any other financial market. While importing or exporting goods to other countries, the value of foreign currency may change and this may result in huge losses to companies.  Hedging is the best way to minimise the risk for trading companies and individual investors participating in the forex markets, Pratap Chandiramani, Head - Corporate Business (Currency Derivatives), Bombay Stock Exchange (BSE) told The Dollar Business. He was participating in a seminar on ‘Managing Currency and Commodity Risk’ organised by Karvy Stock Broking and Federation of Telangana and Andhra Pradesh Chambers ...

Source: PTI The country's foreign exchange reserves surged by $2.539 billion to touch an all-time high of $355.947 billion in the week ended March 18, on account of rise in foreign currency assets (FCAs), the Reserve Bank said on Friday. The reserves had touched a high of $355.46 billion in the week ended June 19 last year. In the previous week, the reserves had increased by $2.543 billion to $353.407 billion. FCAs, a major component of overall reserves, increased by $2.505 billion to $332.504 billion in the reporting week, RBI said in a release in Mumbai. FCAs, expressed in dollar terms, include the effect of appreciation and depreciation of non-US currencies, such as the euro, pound and the yen, held in ...