Topic: Special drawing rights
IMF raises India’s SDR allocation
The International Monetary Fund (IMF) has increased the allocation of Special Drawing Rights (SDR) to India in line with the existing quota of India in the fund. Highlights...
Foreign exchange reserves surge by USD 9.427 billion
As per RBI Data, India’s foreign exchange reserves surged by USD 9.427 billion. Foreign exchange reserves now stand at a record high of USD 620.576 billion in the... IMF approves $650 billion for poor countries to tackle Covid
Member nations of the International Monetary Fund have approved the injection of $650 billion to help countries in dealing with mounting debt and economic fallout because of Covid-19...
India: 4th largest Forex Reserves holder
India’s forex reserves crossed 600 mark for the first time and as on June 4, it stood at 605 billion. With this, India equals Russia as the fourth...
IMF: Sub-Saharan Africa to see world’s slowest growth in 2021
The International Monetary Fund recently released the Regional Economic Outlook for Sub Saharan Africa. According to the report the Sub Saharan region is to witness the world’s slowest... IMF to distribute SDR to member countries by August
The International Monetary Fund recently announced that it will distribute the Special Drawing Rights to its member countries by mid-August. Key Highlights The IMF has agreed to support...
G20 nods to IMF for fresh SDR issue
The G20 Finance Ministers recently nodded to the International Monetary Fund to provide fresh Special Drawing Rights to its member countries. The IMF has been permitted to provide...
Forex Reserves of India are rising
The Forex Reserves of India are increasing and are to hit 500 billion USD soon. In May 2020, the Indian Forex Reserves touched an all time high of...
RBI and Finance Ministry to meet to decide on First Half Borrowing Plan
The Finance Ministry and the Reserve Bank of India is to hold a meeting on March 31, 2020 to discuss about the first half borrowing plan for the... India’s Foreign Exchange touches all time high of 457.468 billion USD
RBI announced that Foreign Exchange Reserves of India has swelled by 2.52 billion USD in the week that ended on December 27, 2019. The Central Bank also said...
India’s forex reserves at new life-time high of $430.57 bn
According to latest Reserve Bank of India (RBI) data, India’s foreign exchange (forex) reserves surged to new life-time high of US 430.572 billion in week to August 9,...
