The Central Bank of Pakistan has recently imposed foreign exchange restrictions to protect the country’s dwindling reserves. This is in light of recent reports of the emergence of a black market for dollars. Pakistan’s foreign reserves have reportedly fallen to a four-year low of $6.7 billion. According to Bloomberg, on the surface, this hasn’t affected … Read more
Mumbai: The Indian Rupee gains against the US currency in the forex market. A weaker US dollar supported the local currency. However, weak domestic equities and foreign fund inflows weighed on it and limited gains. In interbank foreign exchange, the local currency opened at 81.11 against the US dollar, then settled at 81.08, registering an … Read more
The Malawi Energy Regulatory Authority (MERA) has blamed the country’s fuel crisis on the lack of foreign exchange. Mera said in a statement yesterday that the fuel crisis in Malawi continues to worsen as motorists rush to service stations to get fuel. According to MERA, loading of Malawian fuel has stopped at Beira and Dar … Read more
China’s illegal money-laundering system, which controls foreign exchange, has been in place for decades. But now, including our own Jiangsu, a ¥200 million scam has been caught with some individuals who were operating in Shanghai and beyond. First, a little background. This reporter lived in Shanghai from 1993 to 2003. During this time, it was … Read more
MUMBAI: The Indian rupee fell against the US dollar in the forex market. The local currency opened at 82.89 against the dollar at the interbank foreign exchange rate. During trading, it then reached 82.91, registering a loss of 12 paise on the previous close. On Thursday, the Indian rupee settled at 21 paise against the … Read more
Mumbai: The Indian rupee rose against the US dollar. The positive trend in the Indian stock market and the weakening of the US dollar supported the local currency. The Indian rupee opened at 82.21 to the US dollar at the Indian Interbank exchange. It reached 82.08 during the trading session, a gain of 22 paise … Read more
decrease in India’s foreign exchange reserves According to Union Finance Minister Nirmala Sitharaman, it is mainly due to fluctuations in the value of the US dollar. He said this while addressing the International Monetary Fund Committee at the annual meeting of the World Bank and the International Monetary Fund (IMF) last Friday. “India’s foreign exchange … Read more
The Taliban-run central bank of Afghanistan has announced that an auction to sell $11 million will be held on Sunday. The central bank of the Taliban’s ruling government has issued a bid to sell the Afghani currency to $11 million on Sunday, September 18, to maintain its purchasing power against the US dollar. According to … Read more
2/2 © Reuters Nissan Chief Operating Officer Ashwani Gupta stands next to a car at a Nissan gallery in Yokohama, Japan November 29, 2021. REUTERS/Androniki Christodoulou/File photo 2/2 By Pete Sweeney TOKYO (Reuters) – Japanese automaker Nissan (OTC: ) Motor Co Ltd does not make medium- or long-term decisions based on foreign exchange market fluctuations, … Read more
New Delhi and Mint Street have said India’s external environment remains healthy despite a decade-high inflation in recent months. But as the dollar strengthened and the trade deficit widened, the Reserve Bank of India moved quickly to defend the rupee. The dwindling foreign exchange reserves may leave India’s external situation in dire straits. India’s foreign … Read more