Foreign Exchange Reserves
The country`s foreign exchange reserves dipped $4.344 billion in the first seven days of October. Dealers in the currency market said that the RBI could have used the reserves to withstand the redemption pressure even as the depreciation in the valuation of reserves held in euro and pound sterling
10.42 AM Oct 15th
China's foreign exchange reserves, largest in the world, fell for the second consecutive month to USD 3.185 trillion in August, the lowest in six years as the yuan faced renewed pressure after the US hinted it might raise interest rates, officials said today. China's foreign exchange reserves
7.38 PM Sep 7th
currencies, and particular amount of special drawing rights (SDRs). A foreign exchange reserve is a useful precaution for countries exposed to financial crises. It can be used for the purpose of intervening in the exchange market to influence or peg the exchange rate. A higher than expected reading should
5.42 PM Feb 8th 2013
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