New Delhi, April 8 (IANS) The US Dollar Index (DXY) slipped sharply on Wednesday, falling more than 1 per cent to around 98.58, as geopolitical uncertainty in the Middle East weighed on global markets.The latest declined put it on track to wipe out the gains it had made earlier in 2026.The drop comes at a time when global investors are closely watching developments in the Middle East.The index, which tracks the strength of the US dollar against a basket of six major currencies, is widely used as…
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Seoul, March 23 (IANS) Foreign currency deposits in South Korea fell for the second straight month in February, due to a decline in both individual and corporate deposits, central bank data showed on Monday.Outstanding foreign currency-denominated deposits held by residents stood at US$117.53 billion at the end of February, down $490 million from a month earlier, according to the data from the Bank of Korea (BOK), reports Yonhap news agency.In January, foreign currency deposits fell for the firs…
Mumbai, March 6 (IANS) India’s foreign exchange reserves surged by $4.885 billion to an all-time high of $728.494 billion in the week ended February 27, data released by the Reserve Bank of India (RBI) showed on Friday.The previous all-time high for the country’s foreign exchange kitty was $725.727 billion, which was seen in mid-February.Foreign currency assets, a major component of the reserves, stood at $573.125 billion during the week. Expressed in dollar terms, the foreign currency assets …
Seoul, Feb 27 (IANS) Foreign currency deposits in South Korea fell for the first time in three months in January, due to a decline in corporate deposits, central bank data showed on Friday.Outstanding foreign currency-denominated deposits held by residents stood at US$118.03 billion at the end of January, down $1.4 billion from a month earlier, according to the data from the Bank of Korea (BOK), reports Yonhap news agency.It marked the first on-month decline since October, following gains in Nov…
Sofia, Jan 1 (IANS) Bulgaria joined the eurozone and adopted the Euro as its official currency on New Year’s Day, becoming the 21st member of the Euro area. To ensure a smooth transition to the new currency, throughout January, the Bulgarian lev will remain in circulation alongside the Euro. Starting February 1, the Euro will become the country’s sole legal tender.From January 1 to June 30, the exchange of Lev for Euros is free of charge at banks and post offices. After this period, currency exc…
Seoul, Dec 30 (IANS) Foreign currency deposits in South Korea rose for the first time in three months in November, central bank data showed on Tuesday.Outstanding foreign currency-denominated deposits held by residents stood at US$103.55 billion as of end-November, up $1.71 billion from a month earlier, according to the data from the Bank of Korea (BOK), reports Yonhap news agency.The total had reached the highest level in 31 months in August but declined over the following two months, mainly du…