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According to the Reserve Bank of India, gold reserves stood at Rs 3.75 lakh crore as on Mar 24, 2023, as against Rs 2.09 lakh crore as on Mar 20, 2020.
The International Monetary Fund (IMF) makes the general SDR allocation to its members in proportion to their existing quotas in the multilateral lending agency.
China's foreign exchange reserves, which are the largest foreign exchange in the world, fell to USD 3.185 trillion in August from USD 3.201 trillion in July, the People's Bank of China (PBOC) said.
The data announced by central bank, the People's Bank of China was basically in line with market expectations after an unexpected rise surprised investors in June.
The country's forex reserves dipped by USD 121.3 million to USD 360.905 billion for the week ended May 20 on a fall in the core currency assets, the Reserve Bank said on May 27
The Carriage by Air (Amendment) Bill was passed in Lok Sabha on December 2015 and by the Rajya Sabha, with certain amendments, on March 2.
The prospects of inclusion, which will represent public acknowledgement of China's heft in the global economy, look pretty high given that the US, a major investor in the fund, has backed the move, as has the IMF's Managing Director Christine Lagarde.
This registration comes ahead of a highly-anticipated announcement by the International Monetary Fund on Monday that China's yuan may join its foreign exchange basket.
Dennis Tan, Fx Strategist, Barclays, says the devaluation is more to do with China's ambitions to facilitate yuan's inclusion in Special Drawing Rights (SDR)
The global financial institution also asserted that China should aim to achieve an effectively floating exchange rate system within two to three years.
In the previous reporting week, the reserves had increased by USD 1.51 billion to USD 279.24 billion.
The International Monetary Fund has agreed to provide approximately one billion euros to the 10 billion euro rescue plan for cash-strapped Cyprus, managing director Christine Lagarde said today
Planning panel Deputy Chairman Montek Singh Ahluwalia today said there is a possibility of Indian rupee entering the group of elite currencies like the US dollar and British pound, which constitute IMF's Special Drawing Rights, in the next 10 to 15 years.
The families of victims of the Air India Express crash in Mangalore last year are entitled to a minimum compensation of Rs 75 lakh each, the Kerala High Court held today.
India's foreign exchange reserves rose by USD 2.69 billion to USD 312.90 billion on the back of healthy jump in foreign currency assets (FCAs) in the week ended June 3.
The International Monetary Fund's future leadership should reflect the growing clout of emerging economies, China's central bank governor said on Thursday, joining other developing nations in pressing for greater influence on the world stage.
India's foreign exchange reserves surged by USD 1.67 billion to USD 303.51 billion, helped by a healthy increase in foreign currency assets (FCAs) in the week ended March 17.
