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China's foreign exchange reserves declined on a quarterly basis for the first time in more than a decade, a sign analysts said underpins the need for the country to shore up market liquidity. The world's largest holdings of foreign wealth fell to $3.
The country's foreign exchange reserves dipped $3.2 billion in early January despite measures to boost forex inflows over the past two months largely because the Reserve Bank sold dollars to rein in the value of the rupee against the dollar.
Inflation eased to a 15-month low in December, further fueling speculation that the government may ease monetary policy. Consumer price inflation of 4.1 percent, from the same month last year, saw the continuation of an easing trend over the last
Jiang Jianqing , chairman of China's largest state-owned bank. "The portfolio of the foreign-exchange reserves needs to be more reasonable and effective," Mr. Jiang, chairman of Industrial & Commercial Bank of China Ltd., said in an interview with
15, Globes' correspondent Israels foreign exchange reserves fell by $280 million in December 2011 to $74.87 billion at the end of the year, the third consecutive month the amount declined, the Bank of Israel reports. The reserves rose by nearly $4
The role of China 's currency, which used to be called the renminbi (people's money) and is now the yuan, has been growing along with China 's economic might. China 's confidence on the diplomatic and economic fronts has evidently been boosted in the
Taipei, Jan. 5 (CNA) Taiwan's foreign exchange reserves as of the end of December fell US $2.42 billion from the end of November to US $385.54 billion, the central bank said Thursday. The bank said its reserves fell because a falling euro against the
New Delhi, December 30, 2011 The Finance Ministry on Friday warned that the weakening rupee could hit the profitability of the companies that borrowed heavily from the overseas markets through ECBs. The increase in external commercial borrowings (
Story continues below This results in growing foreign exchange reserves as central banks sterilise their impact on domestic monetary supply. The continuing rise in foreign exchange reserves translates into a growing volume of assets managed by state-
from interventions by the Reserve Bank of India (RBI) to curbs on forex outflows. But a calmer assessment of the situation should make it clear that the panic is misplaced and what is needed is deeper introspection.