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Pakistan's workers' remittances hit a record $4.3 billion in May, up 20.2 percent from April, according to the State Bank of Pakistan. Cumulative FY26 inflows stand at $38.1 billion, putting the full-year total on track to exceed $41 billion for the first time.
PM Modi, at a Telangana BJP rally, urged citizens to save foreign exchange to help India manage the economic impact of the ongoing war. He cited sharp rises in petrol and fertilizer prices as the key pressure points hitting household and farm costs.
Reports indicate Japan is moving closer to yen intervention as conflict involving Iran threatens to drive oil prices sharply higher. Because Japan imports nearly all its crude, an oil spike weakens the yen and raises costs across the economy, increasing pressure on Tokyo to act.
Japan likely spent around $35 billion buying yen in a currency market intervention, BOJ data suggests. The move signals Tokyo's concern over yen weakness, which drives up import costs for energy and food. No official government confirmation has been issued yet.
The Reserve Bank of India reversed its April 1 circular, restoring banks' ability to offer non-deliverable forward contracts to clients and rebook cancelled foreign exchange derivative contracts. The move reduces hedging constraints for corporates and financial institutions managing rupee currency risk.
The Reserve Bank of India has told state-run oil refiners to use a dedicated credit line for dollar purchases instead of buying on the spot market. The directive removes a major, recurring source of dollar demand from open trading, directly reducing depreciation pressure on the rupee. The RBI used comparable measures d
Tag
Pakistan's workers' remittances hit a record $4.3 billion in May, up 20.2 percent from April, according to the State Bank of Pakistan. Cumulative FY26 inflows stand at $38.1 billion, putting the full-year total on track to exceed $41 billion for the first time.
19d ago · 3 min · Economy
PM Modi, at a Telangana BJP rally, urged citizens to save foreign exchange to help India manage the economic impact of the ongoing war. He cited sharp rises in petrol and fertilizer prices as the key pressure points hitting household and farm costs.
1mo ago · 2 min · Policy & Government
Reports indicate Japan is moving closer to yen intervention as conflict involving Iran threatens to drive oil prices sharply higher. Because Japan imports nearly all its crude, an oil spike weakens the yen and raises costs across the economy, increasing pressure on Tokyo to act.
1mo ago · 3 min · Global Affairs
Japan likely spent around $35 billion buying yen in a currency market intervention, BOJ data suggests. The move signals Tokyo's concern over yen weakness, which drives up import costs for energy and food. No official government confirmation has been issued yet.
2mo ago · 1 min · Global Affairs
The Reserve Bank of India reversed its April 1 circular, restoring banks' ability to offer non-deliverable forward contracts to clients and rebook cancelled foreign exchange derivative contracts. The move reduces hedging constraints for corporates and financial institutions managing rupee currency risk.
2mo ago · 1 min · Policy & Government
The Reserve Bank of India has told state-run oil refiners to use a dedicated credit line for dollar purchases instead of buying on the spot market. The directive removes a major, recurring source of dollar demand from open trading, directly reducing depreciation pressure on the rupee. The RBI used comparable measures d
2mo ago · 1 min · Economy
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