Reserves Financial News

Tether (USDT) continues to increase its treasury reserve holdings backing circulating USDT tokens, according to its latest financial attestation for the second quarter of 2023.

Pakistan's move to outsource the operations of maj... morePakistan's move to outsource the operations of major airports, including Islamabad International Airport (IIA), comes as a strategic response to the continuous depletion of forex reserves.

foreign exchange reserves saw a dip of $19.87 billion, dragging the reserves to $607.03 for the week ending on July 21, Reserve Bank of India's data showed on Friday. It can be noted that in October 2021, the country's forex kitty had reached an all-time high of USD 645 billion.

FRANKFURT (Reuters) — European Central Bank policymakers debated raising banks' mandatory reserves to 2% from 1% of their deposits at their meeting on Thursday as part of their fight against high inflation, two sources close to the matter told Reuters.

Major fires raging in Greece and other European countries have advanced

By Pete Schroeder

ALSO READ: Forex reserves at near 2-month high, rises by $1.23 billion to $596.28 billion According to the Weekly Statistical Supplement released by the RBI last Friday, for the week ended July 14, increased by $11.198 billion to $540.166 billion. In the week ended January 13 this year, the overall kitty had expanded by $ 10.417 billion.

foreign exchange reserves have surged to a nine-month high following a fresh financial bailout from the International Monetary Fund (IMF).  The country's reserves nearly doubled to $8.73 billion as of July 14, with inflows coming from the IMF and friendly nations like Saudi Arabia and the UAE. This is the highest reserve level since October when the central bank held $8.76 billion.

Delhi court on Wednesday reserved for July 27 its order on an application of former AAP communications in-charge Vijay Nair seeking default bail in a money laundering case related to alleged Delhi excise policy scam. Special Judge M K Nagpal reserved the order after hearing arguments from the counsel appearing for the accused as well as the Enforcement Directorate (ED) on the application.

Supreme Court on Tuesday reserved its verdict on whether «the rules of the game» for appointment to various posts in the judiciary can be changed mid-way through the selection process. A five-judge constitution bench comprising Chief Justice D Y Chandrachud and Justices Hrishikesh Roy, P S Narasimha, Pankaj Mithal and Manoj Misra reserved the judgement after hearing the arguments advanced by the lawyers appearing for the parties. The top court had on November 24 last year agreed to form a constitution bench for examining the larger issue raised in a number of petitions about whether «the rules of the game» for appointment to various posts in the judiciary can be modified in the middle of the selection process. While hearing the matter on July 12, the apex court had termed as «manifestly arbitrary» the changes made by the Kerala High Court in the criteria for selection of additional district judges (ADJs) in the state in 2017. The constitution bench, however, had refused to «unseat» those who were selected for the state higher judicial services six years ago, observing such a step will be against «public interest» and «harsh» on them. It had also said the unsuccessful petitioners, as a consequence, cannot be inducted into the judicial services. Many of them might already be active in the legal profession, the court had said.

forex reserves, according to a report published by Dawn quoting sources.  Finance Minister Ishaq Dar has convened multiple meetings of the committee formed to engage foreign operators for outsourcing. He told the stakeholders to finalize formalities to outsource the operations of Islamabad International Airport (IIA) by August 12.  On Saturday, Dar chaired a meeting of the steering committee for assessing the progress of airport operations outsourcing.

Reuters reported. Ukraine has received cluster bombs from the United States, munitions banned in more than 100 countries.

The crypto exchange Bitget has announced that its reserves have reached a massive $1.44 billion, and that it is officially debt-free.

India's forex exchange (forex) reserves jumped by $1.229 billion in the week that ended on July 7, totaling $596.280 billion, as per RBI's data. Now, the country's reserves are at nearly a 2-month high. This will also be the second-consecutive weekly rise in reserves.

foreign exchange reserves saw an uptick of $1.23 billion, taking the overall level to $596.2 billion as on July 7, Reserve Bank of India data showed Friday. It can be noted that in October 2021, the country's forex kitty had reached an all-time high of USD 645 billion.

Cryptocurrency exchange Bitget says its total proof-of-reserves ratio has reached 223%. In a July 13 announcement, Bitget revealed that its total reserve currently stands at $1.44 billion spread across 31 different crypto assets. Reserve ratios for Bitcoin (BTC), Tether (USDT), Ether (ETH), and USD Coin (USDC) stand at 454%, 135%, 171% and 2,604%, respectively.

Mumbai bench of the National Company Law Tribunal (NCLT) has reserved its order on the merger scheme between Zee Entertainment Enterprises (ZEE) and Culver Max Entertainment (Sony). The division bench of judicial member HV Subba Rao and technical member Madhu Sinha, while reserving the order on the scheme matter, allowed parties to file their written submissions.

foreign exchange reserves rose by $1.853 billion to $595.051 billion in the week ended on June 30, said the Reserve Bank of India (RBI). The overall reserve had dropped by $2.901 billion to $593.198 billion in the previous reporting week. In October 2021, the country's forex reserve had reached an all-time high of $645 billion.

reliance on dollars. Eastern Bank, which opened rupee accounts with the State Bank of India and ICICI Bank, will announce the plan for rupee trade on July 11. The other Bangladeshi lender offering the same service is the state-run Sonali Bank.

forex reserves fell $2.9 billion and stood at $593.2 billion as of June 23, stated data updated by Reserve Bank of India (RBI) on Friday. India's foreign currency assets, the biggest component of the forex reserves, declined by $2.21 billion to $525.4 billion.

Tether has reaffirmed its commitment to transparency and announced its completion of reporting obligations to the New York Attorney General's Office. Under the terms of its 2021 settlement, Tether fulfilled its quarterly reporting requirements for a period of two years. There have been no indications of incomplete disclosures or inadequate reserves during this time, cementing Tether's position as a reliable stablecoin. Furthermore, Tether proudly boasts its largest market cap in history, highlighting its strengthened position within the market.