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India & Pakistan Foreign Exchange Reserves News is an EIN News Service for FOREX trading professionals. Constantly updated news and information about India & Pakistan FOREX Trading.
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Latest India & Pakistan Foreign Exchange Reserves News

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  • Gold & Oil Dips "Present Buying Opportunity" Says Chinese State Investment Advisor 30 Nov 2009 16:24 GMT
    ... The move followed Thursday "debt freeze" request by its parent, Dubai ... give a buying opportunity to put some forex reserves into gold or oil reserves," says Ji Xiaonan, ... of China, "almost half of our country's foreign exchange reserve is not stable in value and is ...

  • Asia's asset bubbles fuel global financial instability 30 Nov 2009 10:33 GMT
    ... Asia’s asset bubbles fuel global financial instability China’s huge ... the $US62 billion increase in Chinese foreign currency reserves in September, mainly in anticipation of ...

  • Commodity can be a wise bet for the long term 29 Nov 2009 21:32 GMT
    ... The commodity market holds importance for an investor as it offers ... important to note that most funds in India do not provide pure exposures to commodities; ... gold reserves as a percentage of total forex reserves at 6% approximately. At the same time, one cannot discount ...

  • Pakistan's forex reserves dip to $13.90 bln 26 Nov 2009 12:32 GMT
    ... KARACHI, Nov 26 - Pakistan's foreign exchange reserves fell to $13.90 billion in the week that ended on Nov. 21 ...

  • India tops Bric gold-to-forex reserve ratio 24 Nov 2009 22:11 GMT
    ... After purchasing 200 tonne gold from IMF, India has now the ... gold reserves as a percentage of total forex reserves, among the Bric nations. India has $17.5-billion worth gold ... gold reserves, which is 1.49% of its forex reserve. Meanwhile, according to the data released by ...

  • Forex reserves kitty down by USD 1,032 mn 27 Nov 2009 14:11 GMT
    ... Forex reserves slumped by USD 1,032 million to stand USD ... statistical supplement of the Reserve Bank of India (RBI) released on Nov. 27, 2009, foreign ...

  • India may buy more IMF gold 25 Nov 2009 10:32 GMT
    ... India is still bullish on gold. This was ... had said it was part of its foreign exchange reserves management operations. According to IMF, it has ... $800 million for RBI. RBI holds its forex reserves in a basket of currencies expressed in dollar terms. It ...

  • Gold hits record on dollar, talk of India buying 25 Nov 2009 16:20 GMT
    ... as a means of diversifying their large foreign exchange reserves," RBS Global Banking & Markets analyst ... division of the New York Mercantile Exchange. India's Financial Chronicle newspaper said India is open ... and as Russia said it would diversify currency reserves Dollar weakness helped lift other commodities. Oil ...

  • Pakistan rupee hits record low at nearly 73 versus US dollar 27 Nov 2009 19:12 GMT
    ... Karachi - Pakistan's rupee currency continued its precipitous plunge to ... since the beginning of the year. Pakistan's foreign exchange reserves have also fallen by over ...

  • HIGHLIGHTS-India central bank head in Hyderabad 27 Nov 2009 13:15 GMT
    ... HYDERABAD, India, Nov 27 (Reuters) - Reserve Bank of ... the downside.' 'The key objective for our forex reserve management is safety, liquidity and return.' 'You have ...

  • To buy or not to buy 26 Nov 2009 21:52 GMT
    ... of its total stock. The deal increased India's gold holdings to the tenth-largest among central ... done as part of the Reserve Bank's foreign exchange reserves management operations, the transaction itself had ... gold holdings as a percentage of foreign currency reserves is around 557.7 tonne or 6% of the total ...

  • Manmohan has the last laugh 24 Nov 2009 10:50 GMT
    ... By Raja Murthy MUMBAI - In India's rich cultural stew of religions, languages and ... Switzerland and the Bank of England. India's foreign exchange reserves had then shrunk to a record low ... Manmohan's efforts to contain terrorist exports from Pakistan have at least led to India not ...

  • Average 11th Plan GDP growth to be 7.7%: Plan panel 26 Nov 2009 17:54 GMT
    ... told an interactive session here on Thursday. "India had never experienced a negative growth in ... the backdrop of the economic crisis, the foreign exchange reserves of USD 300 billion has helped the ... it is not legally possible to use forex reserves to fund infrastructure development. On the issue of agriculture, ...

  • Gold hits record highs on weak US dollar 25 Nov 2009 17:58 GMT
    ... the dollar and by a report that India may consider buying more bullion from the ... and as Russia said it would diversify currency reserves, though it pared losses after a mixed batch ... open to gold acquisitions to diversify their foreign exchange reserves. "We have had relatively supportive news ...

  • Central Bank Buying Spurs a Gold Rush 26 Nov 2009 01:14 GMT
    ... scooping up the precious metal this year. India's central bank is also buying gold, a ... typically buy U.S. dollars to store their foreign exchange reserves, the growing taste for gold can be ...


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