INTERNATIONAL MONETARY FUND
Forex reserve soars by $2.3 billion, hits fresh all-time high of $453 billion
Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and the yen held in forex reserves. During the reporting week, gold reserves increased by $430 million to $27.078 billion.
ECB holds its deposit rate at record low - 0.5% while keeping option of another rate cut firmly on table
The European Central Bank kept its u...
ECB keeps rates steady in Lagarde’s first meeting
The ECB held its deposit rate at a record low minus 0.5% while keeping the option of anothe...
Lagarde in the spotlight at first ECB meeting
Financial analysts see the ECB on hold throughout next year.
RS passes International Financial Services Bill
The Upper House passed International Financial Services Authority Bill, 2019 which will set up a unified regulator for international financial services combining powers and functions of RBI, SEBI, IRDAI and PFRDA, says Department of Economic Affairs secretary Atanu Chakraborty.
Govt examining foreign fund flows in infra at strategic locations
A comprehensive review has been undertaken to assess the control over various infrastructures at strategic locations and border areas of the country, according to sources. Many departments and agencies, including the Reserve Bank of India (RBI), have been involved in the exercise.
Why India's Pakistan policy needs a rethink
From Washington through European capitals to Moscow, Beijing and Tokyo, the world is taking a more relaxed view of Pakistan. At the same time, the view about India is taking a beating. Apart from major powers and the developed economies, almost all of India’s neighbours are also willing to carry on business as usual with Pakistan. Why?
CG Power imbroglio: Gautam Thapar cites board approvals, rejects fund misuse allegations
CG Power board sacked Thapar after an audit report by Vaish Associates, which itself is based on as many as 23 disclaimers, claimed that Thapar swindled Rs 3,000 crore from CG Power.
10-year yield surges 5 bps to close at 12-week high
Traders, partly spooked by global rating agency S&P’s warning over a possible downgrade of India’s sovereign rating, continued their selling spree.
Iran unveils budget of 'resistance' against US sanctions
After unilaterally withdrawing from a 2015 nuclear deal between Iran and world powers in May last year, the US began imposing sanctions on Tehran, including on oil exports, which it aims to squeeze to zero in a campaign of "maximum pressure". Iran has suffered a sharp economic downturn, with a plummeting currency sending inflation skyrocketing.
View: Things to do for the economy
There are many things wrong with India’s economy that need to be fixed. Politics is the biggest area of reform.
Pakistan, Asian Development Bank sign loan agreement worth USD 1.3 billion
On Friday, the bank said it has approved a USD 300 million policy-based loan that will help Pakistan to address financial sustainability, governance, and energy infrastructure policy constraints in country's energy sector.
US Federal Reserve keeps rates steady, signals no change in 2020
The Fed said it will continue to monitor the implications of data for the economic outlook.
Forex kitty continues to swells, scales past $451 bn mark
Announcing the fifth bi-monthly monetary policy on Thursday, governor Shaktikanta Das had said the reserves touched USD 451.7 billion as of December 3, an increase of USD 38.8 billion since April.
Market will continue to climb the wall of worries: Sonam Udasi, Tata Mutual Fund
For us, financials continue to be a clear favourite simply because if you are expecting an economic recovery you do expect credit growth to pick up next year.
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