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The same report also says that bulk of the new inflows has been invested overseas in non-US dollar assets. Such a move clearly indicates that China is diversifying its forex basket and reducing its excessive dependence on the US dollar and turning to
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Commodities&Futures Top news for investors and traders interested in the Commodity market Sample According to the Wall Street Journal the FTC, "plans to review how refinery operators decided to shut some equipment for maintenance, which sometimes
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Despite several internal and external challenges, the countrys economy is gradually moving towards sustained stability, economic indicators suggest.The countrys foreign exchange reserves continue to remain over $17 billion while the other economic
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South Korea said Thursday it is considering investing part of its foreign exchange reserves in yuan-denominated Chinese securities to diversify its portfolio and shield it from the volatile dollar. "Our bank seeks to increase its investment in China,
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Forex Reserve Put at $100b An official of the Central Bank of Iran (CBI) has stated that the country's foreign exchange reserves stand at least $100 billion. Speaking on condition of anonymity, he told Fars News Agency that foreign exchange reserve
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Quote of the day Palestinian President Mahmoud Abbas Sunday, 17 April 2011 01:37 & Aileen Wang hina's foreign exchange reserves have topped $3-trillion-and-counting, stoking inflation, knocking the economy off kilter and leaving the country's money
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Indonesia on Tuesday held interest rates at 6.75 percent after prices eased slightly last month, but the central bank warned the risk of inflationary pressures remained high. Inflation eased to 6.65 percent on a yearly basis in March while prices
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China trimmed its holdings of US debt in January, a move that underlines Beijing's strategy to diversify its foreign reserve portfolio to avoid risks, analysts said. China, the biggest foreign holder of US Treasuries, reduced its portfolio by $5.4
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Chinese regulators denied on Tuesday that the country will significantly raise the annual amount of foreign exchange individuals are allowed to convert into yuan, as was previously reported in the local media...February that the country is thinking
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Subbarao said RBI has a preference for non-debt flows such as foreign equity over debt flows, and for long-term flows like foreign direct investment over short-term flows like foreign institutional investment. The quantitative easing undertaken by
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