BEIJING, May 26( Xinhua)--Chinese authorities have decided to help foreign trade enterprises fend off foreign exchange rate risks amid a volatile international financial market situation. The country will optimize risk hedging products and services, and further facilitate cross-border payments of the Chinese renminbi( RMB), according to a circular jointly released by the Ministry of Commerce, the People's Bank of China and the State Administration of Foreign Exchange.To satisfy risk management d

NEW YORK: Traders are betting that emerging-market( EM) currencies will remain vulnerable into the new year, even as central banks from Moscow to Mexico City are set to push ahead with interest-rate hikes that theoretically should attract investors. MSCI’s emerging currency index remains 1.6% below a peak in June and few traders appear willing to stick their heads above the parapet as officials from at least 13 developing nations prepare to make monetary policy decisions in the coming days.A pot

India's foreign exchange reserves have doubled in the past decade.... The cushion means better external debt metrics and a more stable currency, particularly compared to the volatility seen during the taper tantrum episode of 2013, according to a Business Standard analysis.... However, India quickly managed to regain the lost level....

BEIJING: China’s proactive promotion of the yuan’s international usage is in line with the economic transformation toward a more open development model. The move is to reduce foreign exchange volatility and contain external shocks, according to officials and experts. The evolution of the country’s economic growth model and opening-up is accompanied by its currency’s internationalisation, which is historically a rare experience for any country, according to Zhou Chengjun, director of the People’s

Join our Whatsapp channel The State Bank of Pakistan( SBP) said on Wednesday that its foreign exchange reserves rose to$ 14.51 billion by June 30. Last month, the central bank’s reserves increased by$ 167 million to$ 11. 675bn during the week ending June 6, though it failed to reach its target of$ 14bn by the end of the 2024-25 fiscal year.A press release issued by the SBP today said its reserves rose by$ 5. 12bn to reach$ 14. 51bn, as compared to$ 9. 39bn on June 30 last year.“ This reflects a

India's foreign exchange reserves snapped a three-week losing streak and stood at$ 602.16 billion as of Aug.... The reserves rose by$ 700 million from the week earlier, having fallen by a total of$ 7.6 billion in the prior three weeks.... The changes in foreign currency assets, expressed in dollar terms, include the effects of appreciation or depreciation of other currencies held in the Reserve Bank of India's( RBI) reserves....

India's foreign exchange reserve fell by$ 7.3 billion to a near two-month low of$ 595 billion in the week ended August 18, registering the most substantial weekly decline in over six months, according to the latest data from the Reserve Bank of India( RBI).... The decline in the reserves was primarily due to a decrease in foreign currency assets, which fell by$ 6.6 billion to$ 528 billion in the previous week.... " The RBI could have sold around$ 2.5 billion to$ 3 billion in the previous week,

The Reserve Bank of India( RBI) purchased a net total of$ 4.50 billion in the spot foreign exchange market in June, according to the central bank's monthly bulletin.... The RBI bought$ 7.79 billion, while it sold$ 3.28 billion of foreign currency in June.... The RBI’s net outstanding forward purchase by the end of June stood at$ 19.47 billion, slightly higher than the previous month's figure of$ 19.27 billion....

MUMBAI, Aug 17( Reuters)-The Reserve Bank of India( RBI) bought a net$ 4.50 billion in the spot foreign exchange market in June, data released on Thursday as part of the central bank's monthly bulletin showed.... The RBI purchased$ 7.79 billion and sold$ 3.28 billion, the bulletin showed.... The Indian rupee appreciated by 0.7% against the dollar in June, having traded in a range of 81. 8575 to 82. 6800....

India’s foreign exchange reserves snapped a three-week losing streak and increased by$ 708 million to$ 602 billion in the week ended August 11, latest data by the Reserve Bank of India showed.... The special drawing rights saw a rise of$ 51 million, whereas gold reserves and the reserve position in the International Monetary Fund fell by$ 340 million and$ 2 million, respectively.... What is RBI's pilot project for facilitating frictionless credit?...