interest rate

India’s Forex Reserves : Foreign Exchange Reserves update of India for last 2 weekends 16th and 23rd May 2014

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Foreign Exchange Reserves of India update
Foreign Exchange Reserves of India update
Foreign Exchange Reserves of India update
Foreign Exchange Reserves of India update

 

 

#India’s #ForexReserves : #ForeignExchangeReserves for last 2 weekends 16th and 23rd May 2014.

India’s Foreign Exchange Reserves at US Dollar 312.6 Billion plus compared to US Dollar 314.9 Billion as on 23rd May 2014 week on week.

#IndiaForeignExchange reserves consist of 91.33% #ForeignCurrencyAssets , 6.71% #GoldReserves, 1.42% #SDRs and 0.54% #IMFReserve.

Latest Data Released by India’s Central Bank #RBI #ReserveBankofIndia on 23rd May 2014.

1 or One Billion United States Dollar is currently around 5900 Crores in Indian Rupee terms currently

#IndiaForeignExchangeReserves #IndiaForexReserves

Foreign Exchange Reserves of India update

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Foreign Exchange Reserves of India update
Foreign Exchange Reserves of India update
Foreign Exchange Reserves of India update Infographic
Foreign Exchange Reserves of India update Infographic
Foreign Exchange Reserves of India update Infographic
Foreign Exchange Reserves of India update Infographic

 

India’s Forex Reserves : Forex Reserves with breakup of each component Foreign Currency Assets, Gold Reserves, SDRs IMF Reserve Positions and their % share in total Forex Reserves..

India’s Foreign Exchange Reserves at US Dollar 311.85 billion plus as on 2nd May 2014 with week on week comparison. India’s Foreign Exchange reserves consist of 91.25% Foreign Currency Assets , 6.72% Gold Reserves, 1.44% SDRs and 0.59% IMF Reserve.

India’s Foreign Exchange Reserves at US Dollar 309.91 billion plus as on 25th April 2014 with week on week comparison. India’s Foreign Exchange reserves consist of 91% Foreign Currency Assets , 6.96% Gold Reserves 1.45% SDRs and 0.59% IMF Reserve.

India’s Foreign Exchange Reserves at US Dollar 309.41 billion plus as on 18th April 2014 with week on week comparison. India’s Foreign Exchange reserves consist of 90.99% Foreign Currency Assets , 6.97% Gold Reserves, 1.45% SDRs and 0.59% IMF Reserve.

Latest Data Released by India’s Central Bank #RBI #ReserveBankofIndia on 9th May 2014

1 or One Billion United States Dollar is currently around 6100 Crores in Indian Rupee terms currently

#IndiaForeignExchangeReserves #ForexReserves

Foreign Exchange Reserves of India update

Image Posted on Updated on

Foreign Exchange Reserves of India update
Foreign Exchange Reserves of India update

 

Foreign Exchange Reserves of India update
Foreign Exchange Reserves of India update

 

India’s Forex Reserves : Forex Reserves with breakup of each component Foreign Currency Assets,  Gold Reserves, SDRs IMF Reserve Positions and their % share in total Forex Reserves..

India’s Foreign Exchange Reserves at US Dollar 309.41 billion plus as on 18th April 2014 with week on week comparison. India’s Foreign Exchange reserves consist of 90.99% Foreign Currency Assets , 6.97% Gold Reserves, 1.45% SDRs and 0.59% IMF Reserve.

India’s Foreign Exchange Reserves at US Dollar 309.91 billion plus as on 25th April 2014 with week on week comparison. India’s Foreign Exchange reserves consist of 91% Foreign Currency Assets , 6.96% Gold Reserves 1.45%  SDRs and 0.59% IMF Reserve.

Latest Data Released by India’s Central Bank #RBI #ReserveBankofIndia on 2nd May 2014

1 or One Billion United States Dollar is currently around 6100 Crores in Indian Rupee terms currently

#IndiaForeignExchangeReserves #ForexReserves

 

Mozambique’s Central Bank News

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Mozambique holds rate, flooding could pressure reserves – Central Bank News.

Mozambique’s central bank held its benchmark interest rate on the standing lending facility steady at 9.5 percent, saying it was focused on ensuring economic and financial stability following widespread flooding that has impacted economic activity, inflation and the balance of payments.
    The Bank of Mozambique (CPMO), which cut rates by 550 basis points in 2012 but has held rates steady since November, said the “domestic economic situation continued to be characterized by the effects of floods, especially agricultural production, with a significant impact on the behavior of inflation and the balance of payments, where the bank expects higher demand for imports of food and equipment, which could represent pressure on international reserves.”
    Mozambique’s inflation rate rose to an annual 4.18 percent in February from 2.73 percent in January and the bank said it would intervene in the interbank market to ensure that the monetary base does not exceed 36.694 billion meticais by the end of March, down from a target of 37.16 billion end-February.
    On the final day of February, Mozambique’s net international reserves fell by $US 94.5 to 2.39 billion due to foreign exchange sales by the central bank totaling $66 million to pay for imports, particularly liquid fuel, which cost $91 million, CPMO said.

    The metical depreciated by 0.03 percent during February, and was quoted at 29.99 to the U.S. dollar at the end of last month.
    Mozambique’s Gross Domestic Product rose by an annual rate of 6.8 percent in the third quarter, down from the second quarter’s 8.0 percent, but this was prior to flooding in recent months that has affected large parts of the country. Many economists have started to cut their growth forecasts.
    But in its latest economic review, the central bank said that it expects inflation to accelerate slightly in 2013, to around its target of 6.5 percent, while GDP growth may accelerate to nearly 8.4 percent.
    In its review of Mozambique’s economy, the International Monetary Fund in December described the country’s economic performance last year as “remarkable” with policies that have supported growth while bringing down inflation and strengthening international reserves.
    It forecast economic growth of 7.5 percent in 2012 and 8.4 percent in 2013, helped by an expansion of the country’s coal industry.
    It also said the gradual easing of monetary policy last year has supported private sector credit growth and preserved the low inflation environment and government’s budget was prudently executed, helping foster economic stability despite global uncertainty.

     www.CentralBankNews.info

Mauritius Central Bank holds rate …..

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Mauritius holds rate, upside inflation risks vs. growth risks – Central Bank News.

 The central bank of Mauritius kept its benchmark repo rate steady at 4.90 percent and said the upside risks to inflation are persisting while downside risks from weak and uncertain economic conditions in the country’s main export markets continue to weigh on the domestic growth outlook.
    The Bank of Mauritius said its Monetary Policy Committee kept the rate steady in light of the “continued uncertainty on the global growth outlook,” but some committee members had “expressed strong concerns about the deteriorating inflaiton outlook” and “emphasised the need to normalise rates to encourage savings while containing speculative activities in some sectors.”
    “The MPC maintains strong vigilance in monitoring economic and financial developments and stands ready to meet in between its regular meetings, if the need arises,” the bank said.
    Mauritius’ inflation rate rose to 3.6 percent in February from January’s 2.9 percent, the bank said, noting the persistent upside risks to elevated global commodity prices, the impact of a recent PRB award to the public sector, a rise in retail petroleum prices and the expected second-round effect of these, as well as the projected rise in administered prices.

    Based on no rate changes, the bank’s staff forecast a headline inflation forecast of 4.7-4.9 percent by December 2013 compared with an expectations survey from last month that put the annual headline inflation rate at 5.0 percent in December and 5.2 percent for December 2014.
    The bank’s policy committee took note of fragile economic conditions among the developed economies of export interest to Mauritius while recovery is more robust among emerging economies.
    Mauritius’ third quarter Gross Domestic Product rose 1.3 percent from the second quarter for annual growth of 3.9 percent, up from the second quarter’s 3.2 percent and the first quarter’s 3.0 percent.
    The central bank said the output gap had narrowed a little but remained negative, but the underlying economic momentum is expected to remain positive.
    The bank’s staff forecasts 2013 economic growth of 3.4-3.9 percent, up from projected 2012 growth of 3.3 percent. In 2011 Mauritius’ Gross Domestic Product rose a real 4.1 percent, the same as in 2010.

    www.CentralBankNews.info

Mexico’s Central Bank News

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Mexico reduces rate by 50 bps in first cut since July 2009 – Central Bank News.

Mexico’s central bank cut its benchmark interest rate by a larger-than-expected 50 basis points to 4.0 percent to boost spending and growth, but stressed it was not embarking on a new cycle of easing and the rate cut would not jeopardize the path towards lower inflation.
    Banco de Mexico said its first rate cut since July 2009 was made possible by the country’s progress in anchoring inflationary expectations, reducing the persistence and volatility of inflation, the lack of second-round effects from price shocks and a significant decline in the inflation risk premium.
    But Mexico’s economy is now feeling the effects of an expected decline in U.S. growth where budget cuts are affecting prospects and there is uncertainty about Europe’s economic recovery.
    “The global economy continues to show signs of weakness,” the Bank of Mexico said, adding that rising unemployment will allow the economy to grow without stoking inflation.
   The rate cut comes after the central bank changed course in January and signaled that rate cuts may be in the offing after last year’s frequent warnings of rate hikes to control inflation. 
   Mexico’s inflation rate rose to 3.55 percent in February from 3.25 percent in January but this is still well below 2012’s average rate of 4.11 percent.
    The central bank targets annual inflation of 3.0 percent, plus/minus one percentage point.

    The central bank said the rise in February inflation is expected to be temporary with headline inflation rising to around 4 percent in coming months before settling down to a rate of about 3.0 percent in the second half of this year and in 2014.
    Core inflation, which was slightly below 3.0 percent in February, is forecast to remain close to 3.0 percent and even below for most of 2013 and 20145.
    “In sum, although inflation rates are expected to be higher in the short term, this is not expected to affect the converging path of inflation in the medium term,” the central bank said, adding that an expected reduction in government deficit in fiscal 2013 also helped paved the way for the rate cut.
    “The Board believes that this measure, which does not represent the beginning of a cycle with the goal of a lower interbank interest rate benchmark, supports an expansion of spending in the economy according to its growth potential and a convergence inflation to the permanent objective of 3 percent,” the central bank said.
    Mexico’s Gross Domestic Product grew by 0.8 percent in the fourth quarter from the third quarter for annual growth of 3.2 percent, the same rate as in the third quarter. In 2011 the economy expanded by 3.9 percent.

     www.CentralBankNews.info

Sri Lanka’s Central Bank holds rate steady ……

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Sri Lanka holds rate steady, sees lower inflation in March – Central Bank News.

 Sri Lanka’s central bank held its benchmark repurchase rate steady at 7.50 percent and said inflation is expected to start declining in March and “reach a more favourable level by the end of the year.”
    The Central Bank of Sri Lanka, which raised rates by a 50 basis points in 2012, said the decline in inflation should also offset the upward pressure from an expected revision to administered prices.
    Sri Lanka’s inflation rate was steady at 9.8 percent in February from January, reflecting the remaining impact of changes to administered prices and disruptions to food supplies.
    “Inflation has been at single digits over the past 49 months and the positive outlook for inflation is expected to continue, supported by well contained demand and favourable domestic and global supply conditions,” the central bank said.
    But the central bank voiced concern that after its rate cut in December, commercial lending and deposit rates remain high. However, following recent discussions with leading banks, the central bank expects rates to be adjusted and this should “stimulate private sector economic activity towards the growth targets for 2013.”
    The central bank raised rates by 75 basis points during 2012 to rein in credit growth but then cut its rate by 25 basis points in December and removed its ceiling on loan growth as inflation was declining.
    Credit extended to the private sector continued to ease in January to an annual rate of 15.5 percent from the peak of 35.2 percent last March, “indicating that the relaxation of monetary policy in December 2012 is yet to be reflected in bank lending,” the bank said.
    Sri Lanka’s balance of payments has also continued to rise and “comfortable surplus is anticipated in 2013” even if the central bank has bought $US 486 million net this year. The exchange rate has been stable due to increased foreign exchange flows to the government bond market and from tourism and private transfers, the bank said.
     Sri Lanka’s Gross Domestic Product expanded by an annual rate of 4.8 percent in the third quarter, down from 6.4 percent in the second. The central bank expects economic growth to reach 7.5 percent this year, above the International Monetary Fund’s forecast of 6.25 percent. In 2011 Sri Lanka’s economy expanded by 8.3 percent.

    www.CentralBankNews.info