4 neighbouring countries, Iran, Russia trading in INR with India: Govt
With Russia, India has initiated "rupee trade mechanism" for trade in INR; with Iran, bilateral trade payments arrangement was adopted in 2018, says govt
forex reserves
August 2023
July 2023
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December 2022
October 2022
Fortune India TheNext500: India's forex reserves touch $600 bn from $400 bn in four years, says Anurag Singh Thakur
"India faced a balance of payment crisis, and today we have a healthy surplus," says Anurag Singh Thakur.
Why gold besots RBI no more
Two consecutive quarters of low gold purchases by the Indian central bank hints it is cooling-off on gold of late
Bangladesh joins Rupee cohort, sign deals to settle trade in rupees
The BIS Triennial Central Bank Survey of 2022 reports that only 1.62% of global transactions are settled in Indian rupee
Economic Survey 2023: India's CAD within manageable limits
The CAD stands for the measurement of any country’s trade when the value of the goods and services imported exceeds the value of goods and services exported.
Budget 2023: Forex Reserves On The Decline
This fiscal, as of Dec 2022, forex reserves have declined sharply to $562.8 billion.
Multi-polar monetary system to challenge US dollar dominance: Credit Suisse
The report notes that the current monetary system has repeatedly been criticised by senior policy makers, due to the stresses created outside the United States from major shifts in US monetary policy.
What's Behind Central Banks' Gold Rush?
Central Banks globally have accumulated gold reserves this year at a pace not seen since 1967.
Commodity Bloc Vs Currency Bloc
US-led dollar bloc uses policy tightening to hit back at commodity producers led by Russia. Indian economy feels the heat.
India’s forex reserves plunge to 2-yr low of $524.5 bn
India’s forex reserves continue to decline with the RBI deploying the kitty to defend the rupee amid pressures caused majorly by global developments.
