New Delhi, India | Xinhua | India’s foreign exchange reserves declined by 6.05 billion U.S. dollars during the week ended May 19 to 593.48 billion U.S. dollars, showed the latest data released by the Reserve Bank of India. This situation came after three consecutive weeks seeing the forex reserves rise. In …
Read More »Kenya’s forex reserves dip to new low, piling pressure on falling shilling
Nairobi, Kenya | Xinhua | Kenya’s foreign exchange reserves declined 9.42 billion shillings (about 70 million U.S. dollars) this week, piling pressure on the shilling that similarly fell to a new low, the Central Bank of Kenya said in its update of the financial markets released Friday evening. The reserves stood at 6.38 …
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