Forex kitty down $1.14 billion to $359 billion
A huge fall in gold reserves led to a USD 1.14 billion dip in the country's forex reserves to USD 359.155 billion for the week ended January 7, the Reserve Bank said on Friday.
Jan 13, 2017, 20:14 PM IST
India's forex reserves rise marginally
India`s foreign exchange reserves went up marginally to $360.29 billion as on Dec 30, 2016, the Reserve Bank of India (RBI) said.
Jan 07, 2017, 15:11 PM IST
India's forex reserves fall by $2.38 billion to $360.606 billion
India's foreign exchange reserves declined by USD 2.380 billion to USD 360.606 billion in the week to December 16 on account of fall in foreign currency assets, the Reserve Bank said Friday.
Dec 23, 2016, 20:14 PM IST
IMF head Christine Lagarde found guilty of negligence by French court
International Monetary Fund (IMF) head Christine Lagarde was found guilty of negligence by a French Court on Monday in a issue related with massive payout to a tycoon when she was finance minister.
Dec 19, 2016, 20:37 PM IST
Ukraine nationalises country's largest bank
Ukraine has nationalised the country's biggest bank in a bid to avert a financial meltdown in the war-scarred former Soviet state.
Dec 19, 2016, 06:27 AM IST
IMF chief Christine Lagarde stands trial over Bernard Tapie affair
Christine Lagarde, International Monetary Fund (IMF) chief, went on trial on Monday over her role in a scandal involving business magnate Bernard Tapie in 2008.
Dec 13, 2016, 03:07 AM IST
Demonetisation move: IMF backs India's currency ban to check corruption, black money
The IMF said on Thursday it supports India's efforts to fight corruption through the currency control measures announced this week, but stressed taking care to minimize disruptions in the economy.
Nov 11, 2016, 09:08 AM IST
IMF supports India currency steps to fight corruption
The IMF said today it supports India's efforts to fight corruption through the currency control measures announced this week, but stressed taking care to minimize disruptions in the economy.
Nov 11, 2016, 02:02 AM IST
IMF stresses upon spending cuts in Gulf despite oil recovery
A modest recovery in oil prices falls short of filling budgetary gaps in crude-exporting Gulf countries, the International Monetary Fund said, stressing the need to cut spending.
Oct 19, 2016, 13:08 PM IST
India bright spot amid dim global economic outlook, but NPAs pose challenge: IMF chief economist
Describing India as a "bright spot" in the complex set of economic forces, IMF Chief Economist Maurice Obstfeld today said rising NPAs in Indian public sector banks remain a challenge despite progress.
Oct 14, 2016, 15:57 PM IST
China fixes Yuan at 6-year low against US dollar
China`s central bank set the yuan`s central parity rate weaker than 6.7 to the dollar for the first time in six years Monday, the first day of trading after it joined the IMF`s "special drawing rights" reserve currency basket.
Oct 10, 2016, 11:00 AM IST
Quota reforms: IMF needs to stick to new deadlines, says FM
Expressing "extreme disappointment" with delay in completion of IMF quota reforms, India today stressed that the Fund should strictly abide by the new deadlines set for the 15th General Review of Quota (GRQ).
Oct 09, 2016, 20:41 PM IST
IMF must be more 'vocal' on global economy, US says
The United States called Saturday for the International Monetary Fund to speak out on crucial global economic matters, such as exchange rates, even if this made it unpopular.
Oct 08, 2016, 23:58 PM IST
IMF, World Bank call for measures to promote inclusive globalisation
International Monetary Fund (IMF) and World Bank leaders have called for measures to promote inclusive growth and resist anti-trade sentiments.
Oct 07, 2016, 15:18 PM IST
IMF chief gives Deutsche Bank tough advice, says need deal on fine
IMF chief Christine Lagarde gave Deutsche Bank some tough advice on Thursday, saying Germany`s biggest lender needed to reform its business model and rapidly reach a deal with US regulators over a potentially huge fine.
Oct 07, 2016, 10:11 AM IST
Adoption of GST poised to boost India's medium-term growth: IMF
Asserting that India has shown that progress on reforms could "ignite" business investment, the IMF on Thursday said the adoption of goods and services tax is poised to boost the country's medium-term growth.
Oct 07, 2016, 10:06 AM IST
IMF says global debt tops $152 trillion, urges some to spend more
The world is swimming in a record $152 trillion in debt, the IMF said on Wednesday, even as the institution encourages some countries to spend more to boost flagging growth if they can afford it.
Oct 06, 2016, 14:05 PM IST
World powers 'misuse' World Bank, IMF: BRICS bank exec
Europe and the United States have "misused" the World Bank and International Monetary Fund for their own ends, according to an executive at a new bank launched by major developing countries.
Oct 05, 2016, 22:31 PM IST
Chinese yuan set to be inducted into IMF currency basket
China`s yuan is poised to enter the International Monetary Fund`s elite SDR basket of currencies, raising Beijing`s banknotes to the status of global reserve asset.
Sep 30, 2016, 23:51 PM IST
Forex reserves move up by $1.166 billion to $370.766 billion
India's foreign exchange reserves increased by USD 1.166 billion to reach USD 370.766 billion for the week to September 23 on account of rise in foreign currency assets, as per RBI data.
Sep 30, 2016, 19:33 PM IST
