All articles tagged with #foreign exchange reserves
Japan's yen sank to a near 40-year low against the dollar, fueling talk of official intervention that could require selling FX reserves—including U.S. Treasurys—potentially sending waves through the global bond market as the U.S.-Japan rate gap and carry trades complicate the outlook.
PM Modi urged Indians to work from home, avoid overseas trips, and cut gold purchases to protect foreign exchange as the Iran war pushes up oil prices and disrupts global energy flows; he also called for reduced fertiliser use. India’s forex reserves have slipped amid high imports of oil, gold, and fertilisers, and while curbing travel and gold can help, essential energy and fertiliser needs limit how much India can cut back.
The International Monetary Fund (IMF) has reached a staff-level agreement with Pakistan on a $3 billion stand-by arrangement, providing much-needed financial support to the country as it faces an acute balance of payments crisis and falling foreign exchange reserves. The funding, spread over nine months, is higher than expected and will help stabilize the economy and provide a framework for financing from multilateral and bilateral partners. The deal is subject to approval by the IMF board in July.