News from other websites on Foreign Exchange Reserves
FinMin feels let down by S P rating
May 20, 2013 at 00:01 | Source: The Hindu BusinessLine
New Delhi, May 19: International rating agency Standard Poor’s (S P) move to reaffirm a negative outlook and rating of ‘BBB (minus)’ for India has not gone down well with the Finance Ministry, which feels the country deserves a sta...
May 19, 2013 at 14:22 | Source: Business Today
Investors keep an eye on stock movement outside the Bombay Stock Exchange. PHOTO: AP "Economy is bottoming out". This is one phrase that has been used to explain any and every rise in stock markets for the last one year. Of course, the markets, afte...
May 18, 2013 at 02:56 | Source: Calcutta Telegraph News
New Delhi, May 17: Standard Poor’s today reiterated its negative outlook on India’s credit rating and warned of a downgrade, much to the surprise of the government and industry. The New York-based rating agency said there was a one-in-th...
Forex reserves fall by $616 million
May 18, 2013 at 00:17 | Source: The Hindu BusinessLine
Mumbai, May 17: India’s foreign exchange reserves fell by $616.4 million to $293.69 billion in the week ended May 10. The country’s foreign exchange reserves were pulled down by a drop in foreign currency assets, which were down $568.1 m...
High fiscal deficit forces S P to affirm negative outlook on India
May 18, 2013 at 00:17 | Source: The Hindu BusinessLine
New Delhi, May 17: The Government’s flurry of reform measures and the Finance Ministry’s hard sell to global credit rating majors its intention to control the deficit appear to have gone in vain. International credit rating agency Standa...
S&P maintains negative outlook on India, downgrade risk still
May 17, 2013 at 17:25 | Source: Business Today
Standard Poor's (S P) has reaffirmed its negative outlook on India and said there is a one-in-three chance of a downgrade within the next 12 months.However, the agency said there was scope to upgrade India's sovereign ratings if the government unlea...
S P re-affirms negative outlook for India
May 17, 2013 at 16:17 | Source: The Hindu BusinessLine
New Delhi, May 17: Despite the hard-sell by the Finance Ministry, international rating agency Standard Poor’s (S P) has re-affirmed ‘BBB (minus)’ for sovereign rating. The outlook on the long-term rating remains negative. BBB (minu...
S P affirms negative outlook on India, says chances of downgrade remain
May 17, 2013 at 16:15 | Source: Economic Times
MUMBAI: Ratings agency Standard & Poor's affirmed India's sovereign rating at " BBB-minus" with a "negative" outlook, reiterating there was a one-in-three chances of a ratings downgrade over the next 12 months, a statement said on Friday. The agency ...
May 16, 2013 at 06:02 | Source: Calcutta Telegraph News
Mumbai, May 15: The Reserve Bank of India today announced the launch of inflation-indexed bonds � the second time since 1997 it is launching such an instrument - that hopes to draw retail investors away from the lure of gold and offers a hedge aga...
Why China doesn’t need the world
May 14, 2013 at 12:42 | Source: Market Watch
SYDNEY (MarketWatch) — The Chinese mercantilist model is increasingly problematic, as growth slows and weaknesses emerge. China may find it more convenient and productive to adjust to the new global environment by focusing inward. Click to Play Op...
RBI back to buying dollars to shore up forex reserves
May 14, 2013 at 02:11 | Source: Economic Times
MUMBAI: The Reserve Bank of India has begun to shore up its sliding foreign exchange reserves as it bought the US dollars from the market for the first time in 28 months in March as overseas investors poured in seeking higher returns. The central ba...
Gold imports jump to $ 7.5 bn in April
May 13, 2013 at 18:41 | Source: Economic Times
NEW DELHI: Gold imports jumped by 138 per cent to USD 7.5 billion in April, the highest so far this year, pushing up the trade deficit to USD 17.7 billion and may worsen the current account deficit this fiscal. In April 2012, Gold and silver imports ...
Before talking to India, Nawaz Sharif should fix Pakistan
May 13, 2013 at 11:32 | Source: FirstPost
The most important point about the 11 May 2013 Pakistan general elections is not the result, but the fact that the elections happened. Equally important is the fact that the Pakistan Army not only allowed a rare completion of this back-to-back electo...
Nawaz Sharif should fix Pakistan before he talks to India
May 13, 2013 at 09:06 | Source: FirstPost
The most important point about the 11 May 2013 Pakistan general elections is not the result, but the fact that the elections happened. Equally important is the fact that the Pakistan Army not only allowed a rare completion of this back-to-back electo...
Foreign exchange reserves decline $2 bn on fall in gold's value
May 11, 2013 at 02:31 | Source: Economic Times
MUMBAI: The country's foreign exchange reserves fell by $2 billion during the week ended May 3, as the value of gold in the reserves touched an 18-month low. The value of gold in the reserves dipped by $1.17 billion to touch $23.97 billion as on May...
Forex reserves fall by $2 billion
May 10, 2013 at 22:47 | Source: The Hindu BusinessLine
Mumbai, May 10, 2013: Hurt by dip in gold reserves and foreign currency assets (FCA), India’s foreign exchange reserves sharply fell by $2.06 billion to $294.31 billion for the week ended May 3, according to the Reserve Bank of India. In the p...
Forex reserves fall $2.06 billion
May 10, 2013 at 18:46 | Source: The Hindu BusinessLine
Mumbai, May 10, 2013: Hurt by dip in gold reserves and foreign currency assets (FCA), India’s foreign exchange reserves sharply fell by $2.06 billion to $294.31 billion for the week ended May 3, according to the Reserve Bank of India. In the p...
Developed countries going for currency manipulation in one form or the other
May 08, 2013 at 09:01 | Source: Economic Times
By Satyajit Das Japan has joined the US, UK and Switzerland as combatants in the "currency wars", a term coined by Brazilian finance minister Guido Mantega in 2010. Nations which constitute around 70% of world output are "at war", pursuing policies ...
Govt, India Inc must take advantage of ultra-cheap Western and Japanese money
May 08, 2013 at 03:45 | Source: Economic Times
India's current account deficit was a record 6.7% of GDP in the last quarter of 2012. The deficit was plugged mainly by foreign direct investment, foreign portfolio investment and NRI bank deposits. But a significant, rising contribution also came fr...
China-UK rift over Dalai Lama puts major UK projects in jeopardy
May 07, 2013 at 23:52 | Source: DomainB
A rift in the UK's relations with the Chinese government has put at risk billions of pounds of investments in major UK infrastructure projects. According to the The Daily Telegraph, China's sovereign wealth fund would not be able to invest in long-t...
From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'
