Search Results for: currency

Foreign exchange reserves down by over $11 billion as US$ emerges stronger against Indian Rupee

Global currency fluctuations depleted India's foreign reserve by over $11.173 billion during the week that ended on April 1

Apr 9, 2022

Pakistan rupee plunges to record low for 16th session

The Pak rupee has maintained a non-stop downward streak for the 16th successive working day except on March 24

Apr 7, 2022

Sri Lanka economic crisis teaches important lessons; why PAK could be next [details]

Both nations share a number of similarities comprising the vicious circle of economic crisis, with the Chinese debt-trap being the most controversial one

Apr 6, 2022

Who is responsible for Sri Lanka's political and financial mess; all fingers point to Rajapaksa clan [here's why]

The spiralling economic crisis of the island nation has been in the making for long now. Experts blame chronic budget deficit, ill-advised taxation policies, and irregularities by the Rajapaksas further compounded by the pandemic.

Apr 4, 2022

Gold, asset devaluation pulls India's forex reserve down by $2.597 bn

Devaluation of gold and other asset classes pulled India's foreign exchange reserves lower by $2.597 billion during the week that ended on March 18.

Mar 26, 2022

India acts big brother to Sri Lanka [Opinion]

Indian policy in the region towards smaller countries, seems to be paying dividends, as compared to China, which is more and more is being seen as a hawk, intent on taking over smaller countries natural resources, writes Asad Mirza, a political commentator.

Mar 21, 2022

Govt on Cryptocurrency: No plans to introduce and Reserve Bank of India does not issue cryptocurrency

There is no plan to introduce a cryptocurrency and currently, it is unregulated in India, Minister of State for Finance Pankaj Chaudhary told the Rajya Sabha in a written reply."Reserve Bank of India (RBI) does not issue cryptocurrency.

Mar 16, 2022

First Covid and now Ukraine, global markets reel under blow after blow [details]

The Government of India and the RBI too will need to balance the growth-inflation paradox even as the fiscal math presented in the Feb'22 Union Budget comes under pressure in the ever-changing global macro backdrop.

Mar 13, 2022

India's foreign exchange reserves rose to over $631.920 billion

India's foreign exchange reserves rose by $394 million during the week ended March 4.

Mar 12, 2022

indian-bar-girls-perform-at-a-dance-bar-in-bombay

Bengaluru police conduct raid on Bengaluru bar; 9 arrested, 64 girls rescued

The dance bar was operating without an occupational certificate and defying the guidelines and customers were allowed to shower currency notes on bar girls, said police.

Mar 10, 2022

Inflationary fears: Rupee hits record low at over 77 to USD

High commodity prices as well as outflow of foreign funds from equity markets dragged Indian rupee to a new record low against the US Dollar.

Mar 7, 2022

Gold Rush to become reality soon as Ukraine war pushes it $2K

Rush for safe-haven investments during the ongoing Russian-Ukrainian conflict is expected to push global gold prices higher.

Mar 5, 2022

Indian founder behind $2.4B global crypto ponzi scheme on the run; may face 70 yrs in prison

In total, Kumbhani, facing 70 years in prison if convicted, and his co-conspirators obtained approximately $2.4 billion from investors.

Mar 1, 2022

Srinagar Police wages war on drugs: Peddlers booked under PSA; Mission Waapsi to save youths [details]

Drug peddlers booked under PSA; Mission Waapsi launched to save youth from menace of drug addiction.