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Foreign exchange reserves

  • Economy

    India saved about $8 billion as coal import dependence declined in 2024-25: Govt

    by ANI May 27, 2025
    by ANI May 27, 2025

    India’s coal imports fell by 7.9 per cent, totalling 243.62 million tonnes (MT), compared to 264.53 MT during the just-concluded financial year 2024-25, the Ministry of Coal said in a …

  • Economy

    Share of gold in RBI’s forex kitty doubled since 2021

    by ANI May 6, 2025
    by ANI May 6, 2025

    Central banks world over are increasingly accumulating safe-haven gold in their foreign exchange reserves kitty, and India is no exception. The share of gold maintained by the Reserve Bank of …

  • Economy

    India’s forex reserve touches fresh record high of USD 692.3 billion

    by ANI September 27, 2024
    by ANI September 27, 2024

    India’s foreign exchange reserves scaled a new high of USD 692.296 billion, jumping by USD 2.838 billion in the week that ended on September 20, as per the data released …

  • Economy

    India’s forex reserves hit record USD 666.85 Billion, driven by surging gold and foreign currency assets

    by ANI July 20, 2024
    by ANI July 20, 2024

    India’s foreign exchange reserves have surged to a record high, reaching a new peak of USD 666.85 billion, according to data from the Reserve Bank of India (RBI). The data …

  • Economy

    India’s foreign exchange reserves surge to touch fresh peak of USD 657.2 billion

    by ANI July 12, 2024
    by ANI July 12, 2024

    There’s no looking back for India’s foreign exchange reserves as they yet again touched a fresh lifetime high. In the week that ended on July 5, the foreign exchange kitty …

  • Economy

    India’s foreign exchange reserves touch fresh highs at USD 655.8 billion

    by ANI June 15, 2024
    by ANI June 15, 2024

    India’s foreign exchange reserves jumped USD 4.307 billion to touch a new lifetime high of USD 655.817 billion during the week that ended June 7, official data from the Reserve …

  • Economy

    For bearish Pakistani exporters, IMF deal is no silver bullet

    by Mahua Venkatesh July 4, 2023
    by Mahua Venkatesh July 4, 2023

    Pakistan, which is in the midst of an economic crisis, has recorded a 12.7 per cent decline in exports for the July to June period—country’s financial year. During this period, …

  • Economy

    Pakistan’s forex reserves plunge below $4 billion, several companies wind up operations

    by Mahua Venkatesh June 9, 2023
    by Mahua Venkatesh June 9, 2023

    Pakistan’s foreign exchange reserves held by the State Bank of Pakistan have once again fallen below the $4 billion mark to $3.9 billion. On May 26, the forex reserves were …

  • Economy

    Is Finance Minister Ishaq Dar the mascot of Pakistan’s crippled economy?

    by Mahua Venkatesh June 2, 2023
    by Mahua Venkatesh June 2, 2023

    Pakistan’s Finance Minister Ishaq Dar will have to take much of the blame for the country’s deepening economic crisis. The fourth finance minister to assume office in three years, Dar …

  • Economy

    Our education system cannot compete with India’s, says Pakistan ex-minister

    by Mahua Venkatesh May 21, 2023
    by Mahua Venkatesh May 21, 2023

    Pakistan’s former Finance Minister Miftah Ismail has said that the spendings on education is neither sufficient nor is the amount being judiciously. “India made five institutes of technology within 10 …

  • Economy

    Pakistan’s political turmoil will further impact inflow of foreign loans

    by Mahua Venkatesh May 20, 2023
    by Mahua Venkatesh May 20, 2023

    The ongoing political turmoil in Pakistan will make it even more difficult for the Shehbaz Sharif government to secure the much needed multilateral and bilateral loans. The inflow of foreign …

  • Economy

    Multinationals in Pakistan scramble as their profit margins plummet

    by Mahua Venkatesh March 31, 2023
    by Mahua Venkatesh March 31, 2023

    The going is getting tougher for multinationals operating in Pakistan, fresh investments will slow down. Along with the economic woes, the deteriorating political and security situation will also be a …

  • Economy

    How poor governance has devastated Pakistan’s once robust textile sector

    by Mahua Venkatesh March 21, 2023
    by Mahua Venkatesh March 21, 2023

    Pakistan’s once robust textile industry, considered the backbone of the economy, is under severe stress as several firms are inching towards default. Many of them have already shut down. The …

  • Economy

    Moody’s downgrades Pakistan’s rating amid depleting forex reserves

    by IN Bureau February 28, 2023
    by IN Bureau February 28, 2023

    In another setback to Pakistan, global ratings agency Moody’s today downgraded the country’s rating to Caa3 from Caa1 as it struggles with depleting foreign exchange reserves and mounting debt levels. …

  • Economy

    Pakistan’s pharma sector takes a big hit amid deepening economic crisis

    by Mahua Venkatesh February 12, 2023
    by Mahua Venkatesh February 12, 2023

    Hit by acute shortage of imported raw materials, rising prices and sliding currency, Pakistan’s pharmaceutical companies have threatened to halt production as Islamabad continues to fire-fight to stay afloat. This …

  • Economy

    Cash starved Pakistan bows to IMF conditions, approves new tax on power

    by IN Bureau February 11, 2023
    by IN Bureau February 11, 2023

    Staring at bankruptcy, Pakistan has finally agreed to the stringent conditions of the International Monetary Fund (IMF) for the much awaited $7 billion loan programme to resume. According to reports, …

  • Economy

    Staring at default, will Pakistan go for debt restructuring kicking and screaming?

    by Mahua Venkatesh February 10, 2023
    by Mahua Venkatesh February 10, 2023

    After Sri Lanka, will Pakistan be the second South Asian nation to participate in the debt restructuring exercise? Amid deepening economic crisis and a stalemate in talks with the International …

  • Economy

    Pakistan’s economic meltdown triggers infighting; blame game among political class intensifies

    by Mahua Venkatesh January 28, 2023
    by Mahua Venkatesh January 28, 2023

    Driven by a near collapse of the economy, uncertainty and risks in Pakistan’s political and security have risen further with impending elections intensifying the struggle for power. A shortage of …

  • Economy

    Pakistan’s forex reserves dip to an alarming $3.67 billion, not enough to cover imports

    by IN Bureau January 27, 2023
    by IN Bureau January 27, 2023

    After a marginal increase last week, foreign exchange reserves held by Pakistan’s central bank have once again dropped– this time by $923 million to touch an alarming level of $3.67 …

  • Economy

    Pakistani rupee hits all time low of 255 to a dollar amid economic meltdown

    by IN Bureau January 26, 2023
    by IN Bureau January 26, 2023

    Amid news that the International Monetary Fund (IMF) may resume the stalled loan package, the Pakistani rupee touched an all time low of 255 to a US dollar in the …

  • Economy

    Will Finance Minister Ishaq Dar take responsibility for Pakistan’s economic crisis?

    by Mahua Venkatesh January 25, 2023
    by Mahua Venkatesh January 25, 2023

    As Pakistan is currently staring at one of the worst economic crises in its history, the country’s Finance Minister Ishaq Dar will have to shoulder much of the blame for …

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