New Delhi, May 6 (IANS) India has earned an endorsement from one of the world’s top credit rating agencies, with Moody’s Ratings placing the nation among the most resilient large emerging market economies over the past five years, which is a recognition that comes at a time when global financial markets remain on edge over trade tensions and geopolitical uncertainty.In a recently released report, Moody’s said India ‘better placed’ than most of its emerging market peers to absorb future global sh…
Latest Foreign Exchange Reserves News & Updates
New Delhi, May 2 (IANS) Pakistan’s foreign exchange buffers could fall sharply to $6.8 billion by the end of 2026 and approach $1.6 billion by FY28, if the country’s current macro policies continue to collapse, a new report has said.The report from South China Morning Post said that assumed oil would average $113 a barrel in Q2 2026 before easing to $79 by year‑end, Pakistan reserves would deteriorate sharply if imports and remittances remain unchanged.The report cited analysts as saying tha…
New Delhi, April 22 (IANS) Although nearly half of Pakistan’s workforce is engaged in the agriculture sector, the country is becoming increasingly dependent on food imports to feed its population, which reflects the failure of the country’s farm policy, according to an article in the Karachi-based Dawn newspaper.The surge to over $7bn in food imports within nine months of the present fiscal year is difficult to explain for a country endowed with vast arable land, diverse climate and a large …
New Delhi, April 21 (IANS) Bangladesh has failed to get any breakthrough at the IMF-World Bank Spring meeting, held earlier this month, on the stalled IMF programme, and no assurance that the expected $3.2 billion in budget support from the World Bank, the ADB, the AIIB, and Japan can be mobilised within the government’s timeline, a local media report said.At a time when tensions in the Strait of Hormuz are already unsettling global energy and freight markets, this ambiguity could not have come …
New Delhi, April 21 (IANS) The Reserve Bank of India (RBI) is closely monitoring the fallout from the West Asia conflict and will not make firm commitments on the future path of interest rates, Governor Sanjay Malhotra has said, adding that prolonged supply disruptions risk embedding inflation into India’s broader price level.In his speech at Princeton University in the US, Malhotra said the ongoing conflict poses a direct threat to the Indian economy given the region’s outsized role in the coun…
New Delhi, April 17 (IANS) India’s foreign exchange reserves increased by $3.825 billion to reach $700.946 billion for the week ended April 10, according to the latest data released by the Reserve Bank of India (RBI) on Friday.This marks a continued recovery in the country’s forex kitty, which had already risen by $9.063 billion to $697.121 billion in the previous week ended April 3.India’s reserves had touched an all-time high of $728.494 billion in late February this year.However, they s…
Washington, April 15 (IANS) In the wake of the Iran-US war, rising crude oil prices and broader commodity pressures could complicate India’s inflation outlook and raise production costs across sectors, Chief Economic Advisor V. Anantha Nageswaran warned on Wednesday. Speaking at the US-India Economic Forum 2026, Nageswaran said the impact of global conflict extends beyond crude prices to a wider set of critical inputs. “It is not purely about the price of oil… it is about the commoditie…
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…
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…