China forex reserves fall in March to $3.34 trillion
Business

China forex reserves fall in March to $3.34 trillion

congodailynews.com
BEIJING: China’s foreign exchange reserves fell to $3.3421 trillion at the end of March, official data showed on April 7, as a stronger U.S. dollar and weaker prices for major global financial assets weighed on the value of...
South Korea FX reserves fall in March on stronger dollar
Business

South Korea FX reserves fall in March on stronger dollar

congodailynews.com
SEOUL: South Korea’s foreign exchange reserves fell in March as a stronger U.S. dollar reduced the converted value of non-dollar assets and authorities used reserves in operations to ease currency-market strain, central bank data showed on Friday....
Botswana downgrade adds pressure to diamond economy
Business

Botswana downgrade adds pressure to diamond economy

congodailynews.com
GABORONE: Botswana is facing renewed pressure on its diamond-driven economy after S&P Global Ratings lowered the country’s long-term sovereign rating to BBB- from BBB and its short-term rating to A-3 from A-2, while keeping a negative outlook....
India forex reserves hit record $728.49bn on RBI data
Business

India forex reserves hit record $728.49bn on RBI data

congodailynews.com
MUMBAI: India’s foreign exchange reserves rose to a record $728.494 billion in the week ended Feb. 27, according to data released by the Reserve Bank of India on Friday. The stockpile increased $4.885 billion from $723.608 billion a...