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SDR CURRENCY
Venezuela to tap IMF reserve assets for quake reconstruction, Bloomberg News reportsVenezuela is planning to utilize $200 million from its $4.5 billion IMF Special Drawing Rights (SDRs) to fund reconstruction efforts follow...- Post-war climate change: As the world witnesses accelerated US decline, can India not get caught flat-footed?The West Asian war is set to accelerate America's decline and China's ascent. Europe may look up to the US no more. Nations will prioritise...
- Forex reserves surge by $58.38 bn in Mar-Sep 2021 period: RBI reportDuring the half-year under review, there were two Purchase transactions aggregating USD 191.29 million and one Repurchase transaction aggre...
- Forex reserves surge $16.663 bn to record high of $633.558 bnIn the reporting week ended August 27, 2021, the country's SDR holdings rose by $17.866 billion to $19.407 billion, as per weekly data rele...
- India's Forex reserves to spurt sharply this weekThe fresh allocation of SDR follows the recent resolution by G-20 to increase IMF's lending capacity by $650 billion to fight the economic ...
- Flyers to get higher compensation for injury, loss of baggageProviding for increased compensation to air travellers, the amended Carriage by Air Act received assent from the President on March 21.
- Parliament passes bill to hike compensation for air travellersA bill providing for enhanced compensation to air travellers in case of death, injury, lost baggage or even inordinate delay in flights, wa...
- China welcomes yuan inclusion as reserve currency in SDR basketChina welcomed the IMF's decision to include yuan as its fifth reserve currency but dismissed concerns over depreciation amid economic slow...
- IMF to consider inclusion of Chinese currency in SDR basketIn a big boost to China's plans to internationalise its currency, the IMF staff has proposed to its Executive Board to include the RMB into...
- Bill to revise airlines' liability introduced in Lok SabhaAs per the Bill, the liability for delay in carriage for each person is proposed to be raised from 4,150 SDR to 4,694 SDR.
- Government to transfer IMF special drawing rights to RBI for Rs 15,000 croreIn returns, the RBI will pay the government Rs 5,000 crore in the current fiscal and Rs 5,000 crore each in the next two fiscals.
- India unlikely to support China's renminbi as IMF reserve currencyIndia will support only an easily and freely convertible currency for inclusion in IMF's special drawing rights.
- RBI may’ve sold US T-bills to buy goldThe Reserve Bank of India (RBI) may have sold US Treasuries to fund its gold purchase from the International Monetary Fund.
- Revaluation of non-$ assets adds $3.3 bn to forex kittyForeign exchange reserves rose $3.3 billion during the week ended September 4, largely on account of revaluation of non-dollar assets in re...
- Govt should liberalise & develop spot, future currency mktsWith trading in currency futures showing a considerable increase in August to March period, the Economic Survey today asked the government ...
- Commercialise the SDRFor the SDR to become a true international currency, in other words, the IMF would have to become more like a global central bank and inter...
- Forex kitty reverses 5-wk trend, swells $1.4 b to $249 bForex reserves rose $1.4 billion during the week ended March 13, reversing the trend of the past five weeks, which saw reserves dip by clos...
- Forex reserves at $249 bn on March 13Foreign exchange reserves rose $1.4bn during the week ended March 13, reversing the trend of the past five weeks, during which reserves dip...
- Forex kitty swells $1.8 bn despite dollar selling by FIIsIndia’s foreign exchange (forex) reserves rose $1.8 billion during the week ended June 20 despite sustained selling by foreign portfolio in...
- Forex reserves rise to $313 bnForex reserves rose only $200 million in the latest week ended May 9.
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