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The greenback slumped to a 10-month low of 107.320 yen on Friday, when Hurricane Irma threatened Florida and as financial markets braced for the possibility of another missile or nuclear test by...

Gold�s value in the total reserves was about $20.7 billion, while the Special Drawing Rights of the International Monetary Fund stood at $1.5 billion. The Reserve position in the IMF (quota allotted...

However, economists say the boost in foreign exchange reserves is a result of capital flows, and not necessarily from trade surplus. Therefore, the money can go out the same way it has come and the...

India�s import cover has now crossed more than 12 months, indicating the capability of the reserves to take care of the country�s normal functioning for the next one year. The import cover had fallen...

Famously, RBI under governor D. Subbarao did not accumulate dollars as it let the market forces to determine an appropriate rupee value. That practice was reversed by Raghuram Rajan who in his three...

The central bank lapped up dollars aggressively as foreign investors started pouring huge amount of money in local assets In the absence of intervention by the central bank, rupee could have...

Bank notes of different currencies, including Euro, U.S. Dollar, Turkish Lira or Brazilian Reais, are photographed in Frankfurt, Germany, in this illustration picture taken May 7, 2017. REUTERS/Kai...

At the top of your inbox, you'll see that three tabs have been created for you to help you in your email management: Home, Social Networks and Promotions. These filters are not mandatory � Gmail...

The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Apple (Nasdaq:AAPL � Free Report),...

"We have not released any new rules recently regarding domestic cash withdrawals of foreign currency by individuals," the State Administration of Foreign Exchange (SAFE) said in a post on its...