New Delhi, April 13 (IANS) Bangladesh is facing a major economic shock due to the disruption in oil and gas supplies through the Strait of Hormuz in the wake of the Iran war, as the country is heavily dependent on imports for its energy needs, according to an article in the local media. Years of relying on imported energy, along with slow progress toward renewable alternatives, have tied the economy to volatile global currents. When those currents turn turbulent, the exposure is immediate and un…
Latest Foreign Exchange Reserves News & Updates
New Delhi, April 9 (IANS) Pakistan’s economy remains under pressure, as its decision to secure a $600 million short-term loan from Standard Chartered Bank has once again highlighted the country’s fragile external financing position amid mounting fiscal and external challenges, according to a new report.According to an Asian News Post report, the loan is priced at SOFR plus 2.6 per cent — translating to an interest rate of around 6.3 per cent — aimed at supporting foreign exchange reserves,…
New Delhi, April 7 (IANS) Debt-ridden Pakistan is facing a grim financial situation as it has to repay $3.5 billion to the United Arab Emirates this month. The repayment, confirmed by a senior cabinet minister during a press briefing, as reported by Pakistan’s Express Tribune, comes at a time when Islamabad’s foreign exchange reserves have fallen to abysmally low levels, raising concerns about the country’s capacity to fulfil its external debt obligations.This financial burden has been int…
New Delhi, April 3 (IANS) The Indian rupee depreciation post February 27 is, in fact, in line with other currencies, and better than currencies which appreciated significantly in the earlier period (April 2, 2025 to February 27, 2026), indicating that in an uncertain world pushing the limits on rupee depreciation as a shock absorber does not hold beyond an inflection point, according to SBI Research.Interestingly, the Indian rupee depreciated by 6.4 per cent between April 2, 2025 to February 27,…
New Delhi, April 2 (IANS) The Indian Rupee saw its biggest single-day gain in nearly 13 years on Thursday, closing at 93.10 against the US dollar, as authorities stepped up efforts to curb currency speculation.The sharp rally came after the Reserve Bank of India tightened rules in both domestic and offshore markets.”The move was largely driven by improved risk sentiment following US President Donald Trump’s speech, which hinted at negotiations rather than escalation, triggering a relief rally….
New Delhi, March 31 (IANS) India’s foreign‑exchange reserves of over $700 billion are large enough to deter speculative moves and allow the Reserve Bank of India to intervene to stabilise the rupee, a report said on Tuesday.The report from SBI Research said current reserve levels are equivalent to more than 10 months of imports and that short‑term debt is below 20 per cent of reserves, providing room and time to intervene in the market to prop up the rupee if it is so desirable.The researc…
New Delhi, March 30 (IANS) The Middle East crisis poses a greater risk to Bangladesh, Pakistan and Sri Lanka, among the South Asian countries, due to their high dependence on imported energy and limited reserve supplies, according to an S&P Global Ratings report.Since these countries are particularly vulnerable to rising oil prices and potential supply disruptions, a prolonged price and supply shock in global energy markets could hit their sovereign credit ratings, the report states.S&P …
New Delhi, March 28 (IANS) In a bid to curb speculative trading to cap decline in the Indian rupee, the Reserve Bank of India (RBI) has ordered banks acting as authorised dealers to limit their end‑of‑day open positions in the onshore rupee to $100 million.The domestic currency had slid to fresh lows amid widening trade gaps tied to the US-Israel and Iran conflict.The central bank mandated that commercial banks must implement the daily cap by April 10, adding that the regulator may set diffe…
Washington, March 22 (IANS) India’s economic momentum is facing a fresh strain as the ongoing US-Israeli war on Iran disrupts its deep-rooted ties with the Gulf, a key pillar of trade, energy supplies, and remittances, according to a New York Times report.Only weeks ago, India appeared well placed among major economies, with strong growth, stable inflation, and robust reserves. But its growing economic integration with the Gulf — long seen as an advantage — is now emerging as a vulnerability…
New Delhi, March 18 (IANS) Pakistan’s claims of economic stabilisation and recovery are facing growing scepticism, with experts warning that deep-rooted structural weaknesses — particularly a deteriorating production base — continue to undermine the country’s economic outlook, a report has said.According to a report published by The Express Tribune, the government has highlighted its success in averting a default, while analysts say the broader economy remains fragile, with little evidence…