RBI changes tack on forex intervention, focuses on ...

Forex reserves fall most since 2011 in signs of RBI intervention

Forex reserves fall most since 2011 in signs of RBI intervention submitted by newsbot_ to InNews [link] [comments]

Forex Reserves – India must now put its massive forex reserves to better use

forex reserves
During the week, India’s forex reserves crossed the psychological $500 billion mark. India has come a long way from having just 15 days of imports as forex reserves in 1991 when she had to pledge gold to the Bank of England. Now there is a problem of plenty!
Forex reserves ranking
For the first time since the forex chest began to be recorded, India entered the top-5 in terms of forex reserves. India ranks behind China, Japan, Switzerland and Russia and has overtaken Taiwan, Hong Kong and Saudi Arabia. KSA, at one point of time held over $750 billion in its forex reserves but 5 years of weak oil prices meant that Saudi Arabia has been forced to draw heavily on its forex reserves despite cutting down on many of its welfare outlays. India can hope to overtake Russia soon. China leads the rankings with $3.5 trillion in reserves.
Why are reserves building up?
There are multiple reasons why the forex reserves are building up. Firstly, the sharp fall in oil import bill has brought down the trade deficit by more than 50% on a monthly basis. Secondly, the forex remittances from NRIs have been extremely robust with most of the world markets offering either zero or negative rates of returns. Lastly, RBI intervention in the forex markets has reduced substantially and that has also helped forex reserves build-up.
Know more: http://blog.tradeplusonline.com/stock-market-updates/forex-reserves-india-must-now-put-its-massive-forex-reserves-to-better-use/
submitted by Tradeplusonline01 to stackexchange [link] [comments]

[Banned] /r/worldnews/: Turkey's lira falls 3 percent, Trump won't take pastor's detention 'sitting down'

I was banned from /worldnews/. Here's what I would have said in response to this post:
When I first saw this article from reuters.com, its title was:
Turkey's lira weakens 4 percent, Trump says won't take pastor's detention 'sitting down'
Here are some other articles about this story:
I am a bot trying to encourage a balanced news diet.
These are all of the articles I think are about this story. I do not select or sort articles based on any opinions or perceived biases, and neither I nor my creator advocate for or against any of these sources or articles. It is your responsibility to determine what is factually correct.
submitted by alternate-source-bot to alt_source_bot_log [link] [comments]

Brexit: As referendum draws near, here's why India is on its toes

A shorter version (reduced by 91.0%) can be found on IndiaSpeaks.
This is an extended summary, orginal article can be found here

Stats For Nerds:

Original Length 6739
Summary Length 2036
Summary Ratio: 69.79%

Extended Summary:

Brexit: As referendum draws near, here's why India is on its toes.
The D-day has arrived - the day Britons will decide whether to stay on or leavethe European Union.
A victory for "out" could unleash turmoil on financial markets.
Indeed a decision to exit will have a deep impact on the global economy and in turn on India.
According to the consultancy firm, key sectors attracting Indian investment include healthcare, agritech,food, and drink.
IANS, meanwhile, says that Britain ranks 12th in terms of India's bilateral trade with individual countries.
Access to European markets is therefore a key driver for Indian companies coming to the UK.
So clearly, India will see a major impact, if the UK indeed decides to leave the EU.
What is required in such a scenario is forex reserves.
The finance ministry said on Wednesday the country has sufficient foreign exchange reserves to handle any impact.
The RBI's intervention by selling dollars had averted a deeper decline.
In case of BREXIT later this week, it would likely allow any US Dollar strength to play out.
3/USD today," Bank of America Merill Lynch said on Monday.
"An initial analysis indicates that the impact on India's technology sector may be mixed; clearly negative in the short term and harder to discern in the longer term with either scenario having some positive and some negative points," Nasscom said.
With the pound expected to fall 20 percent in case of a Brexit, Indian companies with sizeable presence in the UK will have to bear the brunt.
Apart from these, the Indian Depository Receipts of StanChart are also likely to get impacted negatively.
As Deloitte explains in the note, one of the key factors, among others, that attracts Indian enterprises and their investment into the UK is the gateway that it provides to the EU.
The domestic capital market has a robust surveillance and risk management framework in place and it has been beefed up to deal with any eventuality emanating from the 'Brexit' referendum, a senior official said.
If I am not working properly, please contact Blackbird-007 or send a message to moderators of IndiaSpeaks.
submitted by BotSpeaks to SummarySpeaks [link] [comments]

TYBCOM - Economics - Exchange Rate Determination Demo TYBCOM - Economics - RBI's Intervention and Foreign Exchange Rate Management - Demo Role of a central bank 1 RBI - Forex Market Explained !!!!! By Manish Kumar AIR 61 CSE 2017 and AIR 49 RBI 2017 TYBCOM - Economics - Foreign Exchange Market - Introduction Demo Foreign Exchange Rates Part 2 Chapter 18 Part 1: Foreign Exchange Intervention and BOP

Rbi intervention in foreign exchange market methodology , mechanism , forex market structure Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. On the other hand, the ineffectiveness of intervention was detected by some of the studies. They stated that the RBI intervention is ineffective in changing the exchange rate trends as well as did ... In a forex market, with large volumes traded, even a second decimal point can provide arbitrage opportunity, especially if a bilateral exchange rate determined by RBI for intervention is out of ... Can RBI reverse any of the factors flagged above through intervention? The fiscal deficit and subsidy policy are in the realm of the Ministry of Finance; tightness of external liquidity is beyond the central bank’s control; and the same applies to the size of the current account deficit. If the rupee’s depreciation could not be explained through domestic and external factors, and the ... RBI Forex Intervention Makes Companies Blind to Rupee Risks By . Subhadip Sircar, Efforts to keep currency stable breed complacency among firms Top 100 non-financial borrowers’ 64% exposure ... Overall, the RBI has trimmed its spot currency intervention since July after selling about $14.4 billion in the three months since April, about 3.4 percent of forex reserves. India's forex ... RBI Intervention in the Forex Market: A Documentation With the introduction of the managed float of the rupee in March 1993 there has been a subtle shift in policy focus of the RBI from time to time, depending on the priorities. This section explicitly formalises this shift in policy regimes of the apex bank. In India, the following distinct phases of exchange rate movements are clearly ... This would clearly imply the limits to the RBI intervention in the forex market and, hence, greater exchange rate flexibility (read orderly depreciation). Clearly, a relatively hands-off exchange ... The case for RBI intervention in today's forex market ASHIMA GOYAL Updated on December 26, 2011 Published on December 07, 2011 Just a few well-chosen words by the RBI can move markets. The Reserve Bank of India (RBI) has changed tack in its foreign exchange intervention policy, increasing its participation in the derivatives market in relation to the spot market in an apparent ...

[index] [20477] [15477] [28422] [5091] [15351] [22213] [4345] [24222] [12191] [9782]

TYBCOM - Economics - Exchange Rate Determination Demo

RBI Sterilization Operations ... Central Bank Interventions – Reasons & Effects on the Forex Markets - Duration: 6:15. UKspreadbetting 10,698 views. 6:15. Milton Friedman - Imports, Exports ... Foreign Exchange Government Intervention - Duration: 9:17 . ... Naked Forex 58,612 views. 1:03:08. Foreign Exchange Arithmetic - Paper 2 of Accounting and Finance for RBI / JAIIB / CAIIB / SBI ... In this chapter we study about the factors responsible for exchange rate determination, its demand,supply,the equilibrium and the changes due to various reasons. Hello Friends, In this video i have explained Forex Market of Finance part. As a working profession in Investment Banking i have crack three exam simultaneously that is CFA, RBI, UPSC. I had a new ... In this video we begin with the introduction of the foreign exchange market and how are the demand and supply forces. Central Bank Interventions – Reasons & Effects on the Forex Markets - Duration: 6 ... Economics - RBI's Intervention and Foreign Exchange Rate Management - Demo - Duration: 5:38. Graduate Guru ... This concept is a introductory analysis of how does india's central bank the RBI plays an important intervening role from time to time to stabilise the struc...

http://binary-optiontrade.datefonc.gq