foreign exchange reserves News

Why Bitcoin Didn't Make the Cut: Bank of Korea's Stance on Digital Currency Reserves

The Bank of Korea has decided against including Bitcoin in its foreign exchange reserves, citing concerns over its volatility and lack of liquidity. This decision aligns with globa...

India's Forex Reserves Dip to $625 Billion: A 10-Month Low Amidst Rupee Volatility

India's foreign exchange reserves have declined to a ten-month low of $625.87 billion, influenced by the RBI's intervention to stabilize the rupee. Despite the drop, reserves remai...

India's Forex Reserves Witness a Sharp Decline: A Closer Look at the $8.714 Billion Drop

India's foreign exchange reserves have dropped by $8.714 billion to $625.871 billion, as reported by the RBI. The decline is attributed to revaluation and the RBI's interventions i...

RBI Holds Firm on Rupee Strategy Amid Market Volatility: What's Next?

The Reserve Bank of India (RBI) maintains its currency market intervention policy to stabilize the rupee amid volatility, despite pressures from the NDF market and a significant dr...

Bank of Korea Governor Reassures on Adequacy of Foreign Exchange Reserves

Bank of Korea Governor Rhee Chang-yong reassures on the adequacy of Korea's foreign exchange reserves, aligning with IMF's qualitative assessment. He also discusses the impact of p...

South Korea's Foreign Reserves Continue to Decline Amid Surging Dollar

South Korea's foreign exchange reserves have decreased for two consecutive months due to the strength of the U.S. dollar. According to data released by the Bank of Korea (BOK) on D...