Experts: Using forex reserves to fund development is not

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First Time in Indian History Forex reserves touched $500 billion mark. Today India overtook Russia & Korea to become 3rd largest forex reserve holder after China and Japan as the robust foreign funds inflow amid a raging Pandemic drives the country towards a momentous Landmark.

First Time in Indian History Forex reserves touched $500 billion mark. Today India overtook Russia & Korea to become 3rd largest forex reserve holder after China and Japan as the robust foreign funds inflow amid a raging Pandemic drives the country towards a momentous Landmark. submitted by BigSurround2 to IndiaSpeaks [link] [comments]

Amid covid crisis, India's forex reserves surge to all-time high of US$ 493.48 billion

Amid covid crisis, India's forex reserves surge to all-time high of US$ 493.48 billion submitted by nietscheinsaan to india [link] [comments]

Weekly Forex & Currency Update #16 (July 03, 2020): Forex Reserves in SBP - $12.04 Billion (+7.22%); USD/PKR - 166.34 (-0.309%)

The percentage changes in the title are compared to last week.

Size of the Forex Reserves of Pakistan since June 05

Date Foreign Exchange Reserves in the SBP Week-on-Week Percentage Change (In SBP) Month-on-Month Percentage Change(In SBP)** Total Foreign Exchange Reserves Week-on-Week Percentage Change (Total) Month-on-Month Percentage Change (Total)**
June 05, 2020 $10.0958 Billion -2.57% -17.72% $16.7053 Billion -1.40% -10.88%
June 12, 2020 $10.1071 Billion +0.11% -16.67% $16.7753 Billion +0.42% -9.90%
June 19, 2020 $9.9612 Billion -1.44% -17.50% $16.7301 Billion -0.27% -10.04%
June 26, 2020 $11.2310 Billion +12.75% +8.39% $17.9710 Billion +7.42% +6.07%
July 03, 2020 $12.0416 Billion +7.22% +19.27% $18.7901 Billion +4.56% +12.48%
**A month refers to four weeks, as the data is released on a weekly basis.

USD/PKR Mid-Market Daily Average Exchange Rate since June 05

Date* USD to PKR Exchange Rate Week-on-Week Percentage Change Month-on-Month Percentage Change**
June 05, 2020 163.29735 -0.0081% +2.1225%
June 12, 2020 164.55675 +0.7735% +2.8885%
June 19, 2020 166.85800 +1.3985% +3.8389%
June 26, 2020 167.49310 +0.3806% +2.5611%
July 03, 2020 166.85015 -0.3839% +2.1757%
July 10, 2020 166.33500 -0.3088% +1.0806%
**A month refers to four weeks to keep consistent with the last chart
Foreign Exchange Reserve Size Source
Forex Data archived on July 10, 2020
USD/PKR Exchange Rate Source
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submitted by AAAbbasi786 to pakistan [link] [comments]

Weekly Forex & Currency Update #14 (May 08, 2020): Forex Reserves in SBP - $12.27 Billion (-0.48%); USD/PKR - 159.94 (+0.021%)

The percentage changes in the title are compared to last week.

Size of the Forex Reserves of Pakistan since April 10

Date Foreign Exchange Reserves in the SBP Week-on-Week Percentage Change (In SBP) Month-on-Month Percentage Change(In SBP)** Total Foreign Exchange Reserves Week-on-Week Percentage Change (Total) Month-on-Month Percentage Change (Total)**
April 10, 2020 $10.9746 Billion +2.35% -13.45% $17.2955 Billion +1.81% -7.72%
April 17, 2020 $10.8892 Billion -0.78% -9.17% $17.3003 Billion +0.03% -4.45%
April 24, 2020 $12.0703 Billion +10.85% +7.91% $18.4630 Billion +6.72% +6.19%
April 30, 2020* $12.3294 Billion +2.15% +14.99% $18.7551 Billion +1.58% +10.40%
May 08, 2020 $12.2707 Billion -0.48% +11.81% $18.7445 Billion -0.06% +8.38%
* May 1 was a public holiday.
**A month refers to four weeks, as the data is released on a weekly basis.

USD/PKR Mid-Market Daily Average Exchange Rate since April 10

Date* USD to PKR Exchange Rate Week-on-Week Percentage Change Month-on-Month Percentage Change**
April 10, 2020 166.81945 -0.0067% +4.8392%
April 17, 2020 166.67915 -0.0841% +2.9480%
April 24, 2020 160.87180 -3.4841% -3.3206%
April 30, 2020* 160.58945 -0.1755% -3.7282%
May 08, 2020 159.90335 -0.4272% -4.1459%
May 15, 2020 159.93695 +0.0210% -0.5811%
* May 1 was a public holiday.
**A month refers to four weeks to keep consistent with the last chart
Foreign Exchange Reserve Size Source
Forex Data archived on May 15, 2020
USD/PKR Exchange Rate Source
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submitted by AAAbbasi786 to pakistan [link] [comments]

India’s Forex Reserves Surge Past $500 Billion

India’s Forex Reserves Surge Past $500 Billion submitted by passingby_reddit to unitedstatesofindia [link] [comments]

[Business] - Forex reserves hit fresh all-time high, touch $513.25 billion

[Business] - Forex reserves hit fresh all-time high, touch $513.25 billion submitted by AutoNewsAdmin to TIMESINDIAauto [link] [comments]

Sri Lanka seeks USD 1.1 billion currency swap facility from India amidst depleting forex reserves

submitted by aguyfrominternet to worldnews [link] [comments]

[Business] - Russia continues stockpiling gold, adding $2.7 billion to forex reserves

[Business] - Russia continues stockpiling gold, adding $2.7 billion to forex reserves submitted by AutoNewsAdmin to RTauto [link] [comments]

[Business] - Forex reserves hit fresh all-time high, touch $513.25 billion | Times of India

[Business] - Forex reserves hit fresh all-time high, touch $513.25 billion | Times of India submitted by AutoNewspaperAdmin to AutoNewspaper [link] [comments]

First Time in Indian History Forex reserves touched $500 billion mark. Today India overtook Russia & Korea to become 3rd largest forex reserve holder after China and Japan as the robust foreign funds inflow amid a raging Pandemic drives the country towards a momentous Landmark.

First Time in Indian History Forex reserves touched $500 billion mark. Today India overtook Russia & Korea to become 3rd largest forex reserve holder after China and Japan as the robust foreign funds inflow amid a raging Pandemic drives the country towards a momentous Landmark. submitted by BigSurround2 to indianews [link] [comments]

What does the RBI do with a huge Forex reserve ? Our foreign reserves are at an all time high of approximately 500 Billion dollars

First of all , let me make it clear I am a complete economic noob with 0 knowledge of it outside of a basic stuff
So , having got that out of the way , what does the Indian government do with a huge foreign reserve ? Does it invest it in stocks ?
Or are all the 500 billion dollars lying in a bank vault in RBI headquarters in Mumbai ?
What are uses of a Forex reserve?
Also, India's economy is around 3.2 trillion dollars in size . Does this economic size count the forex reserve or exclude it ? If tomorrow , the RBI suddenly decided to spend 400 billion dollars out of the 500 billion dollars in Indian economy , does this mean Indian economy suddenly becomes 3.6 billion dollars overnight?
If our Forex reserves are so huge , why is the rupee falling?
submitted by ParmanuMan to india [link] [comments]

[Business] - China’s forex reserves rise to US$3.112 trillion in June

submitted by AutoNewsAdmin to SCMPauto [link] [comments]

India's forex reserves surge $3.09 billion to $479.57 billion in a week.

submitted by SumoneSumwere to india [link] [comments]

[Business] - China’s forex reserves rise to US$3.112 trillion in June | South China Morning Post

[Business] - China’s forex reserves rise to US$3.112 trillion in June | South China Morning Post submitted by AutoNewspaperAdmin to AutoNewspaper [link] [comments]

[Business] - Russia boosts forex reserves despite Covid-19 pandemic, raising them to almost $570 BILLION

[Business] - Russia boosts forex reserves despite Covid-19 pandemic, raising them to almost $570 BILLION submitted by AutoNewsAdmin to RTauto [link] [comments]

Facing an unprecedented crisis, India has ratcheted up its forex reserves like never before

submitted by _j-sun_ to Economics [link] [comments]

India's forex reserves cross $500 billion mark

India's forex reserves cross $500 billion mark submitted by BurkhaDuttSays to indianews [link] [comments]

#BREAKING: India's forex reserves jump by $8.22 billion to reach record half-a-trillion mark.

#BREAKING: India's forex reserves jump by $8.22 billion to reach record half-a-trillion mark. submitted by Busy_Art to IndiaSpeaks [link] [comments]

India’s Forex Reserves Surge Past $500 Billion

India’s Forex Reserves Surge Past $500 Billion submitted by passingby_reddit to india [link] [comments]

Pakistan's Forex Reserves Decline by $690 Million This Time

Pakistan's Forex Reserves Decline by $690 Million This Time submitted by AliTVBG to pakistan [link] [comments]

Forex Reserves – India must now put its massive forex reserves to better use

forex reserves
During the week, India’s forex reserves crossed the psychological $500 billion mark. India has come a long way from having just 15 days of imports as forex reserves in 1991 when she had to pledge gold to the Bank of England. Now there is a problem of plenty!
Forex reserves ranking
For the first time since the forex chest began to be recorded, India entered the top-5 in terms of forex reserves. India ranks behind China, Japan, Switzerland and Russia and has overtaken Taiwan, Hong Kong and Saudi Arabia. KSA, at one point of time held over $750 billion in its forex reserves but 5 years of weak oil prices meant that Saudi Arabia has been forced to draw heavily on its forex reserves despite cutting down on many of its welfare outlays. India can hope to overtake Russia soon. China leads the rankings with $3.5 trillion in reserves.
Why are reserves building up?
There are multiple reasons why the forex reserves are building up. Firstly, the sharp fall in oil import bill has brought down the trade deficit by more than 50% on a monthly basis. Secondly, the forex remittances from NRIs have been extremely robust with most of the world markets offering either zero or negative rates of returns. Lastly, RBI intervention in the forex markets has reduced substantially and that has also helped forex reserves build-up.
Know more: http://blog.tradeplusonline.com/stock-market-updates/forex-reserves-india-must-now-put-its-massive-forex-reserves-to-better-use/
submitted by Tradeplusonline01 to stackexchange [link] [comments]

[Business] - Forex reserves cross half tn mark for 1st time | Times of India

[Business] - Forex reserves cross half tn mark for 1st time | Times of India submitted by AutoNewspaperAdmin to AutoNewspaper [link] [comments]

Top Countries by International Foreign Exchange & Gold Reserves List of Countries by Foreign Exchange Reserves Top 20 Countries by Forex Reserves 1960 2020 India's Forex Reserve  500 billion Dollars List of Countries by Foreign Exchange Reserves 2020

Foreign currency reserves are vital to a nation's economic well-being. Without adequate reserves, an economy can grind to a halt, and a country may be unable to pay for critical imports, such as Forex reserve hits fresh lifetime high of $466.69 billion. In the previous week, the reserves had increased by USD 943 million to USD 462.16 billion. Dollar shines against euro, riskier peers as virus hit widens. Against a basket of currencies, the greenback is sitting by a four-month high at 99.452. Forex reserve hits lifetime high of $462.16 Sufficiency of forex reserves is sometimes measured on how many months’ worth of imports a country can afford. India’s forex reserves have crossed an unprecedented mark — over half trillion USD — placing India only behind China and Japan in Asia. And while it may seem like a ray of hope amidst the economic turmoil in the country, one must scrutinise its utility. Foreign exchange reserves take the form of banknotes, deposits, bonds, treasury bills, and other government securities. Foreign exchange reserves are a nation’s backup funds in case of an emergency, such as a rapid devaluation of its currency. Most reserves are held in U.S. dollars, the global currency. The proposal to use foreign exchange reserves for investment in infrastructure must be examined cautiously, he added. He stated that forex reserves were an important weapon to handle emergency situations, as adequate reserves should be maintained in difficult situations like the coronavirus pandemic ravaging global economies at present.

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Top Countries by International Foreign Exchange & Gold Reserves

Top Countries by International Foreign Exchange & Gold Reserves - Duration: 3:44. Animated Stats 262,211 views. 3:44. Top 10 Countries 2018 (foreign exchange) - Duration: 2:51. Foreign-exchange reserves (also known as Forex reserves) are, in a strict sense, solely the foreign-currency deposits held through countrywide central banks and economic authorities . However, in ... In this video you will see the timeline of top 20 countries for the course of last 60 years in total reserves including gold and foreign currency bonds etc Follow My facebook page : https://www ... The Forex reserves are enough to cover ~ 13 months of import cover. The INR at 3 months was high last week. Gains in equities weak dollars and aids rupee. India FX reserves are over $500 Billion ... #foreignexchange #pakistanforeignexchange #economy2020 ***** Pakistan's Premium Real Estate Marketing Company. REDBOX is Pakistan's premium real estate marketing and selling company. Being the ...