Gold Silver Reports (GSR) – Forex Intervention & Reserves — The third criteria used by the U.S. Treasury department is the only real reason why India has been included in the watch list of currency manipulators.
Global Economic
Global Economic – The global economy is the worldwide system of trade, production, and finance that connects countries. It involves the exchange of goods, services, and money across borders, driven by businesses, governments, and consumers. This system shapes jobs, wealth, and growth everywhere.
India May Give Freer Rein to Rupee After Making U.S. FX List
Gold Silver Reports (GSR) – India May Give Freer Rein to Rupee After Making U.S. FX List – India increased its purchases of foreign currency last year and has a “significant” trade surplus with the U.S., the Treasury noted in its semi-annual report on foreign-exchange practices released in Washington on Friday. The rupee has been the second-worst performing Asian currency this year, dropping 2.4 percent against the dollar, after strengthening 6.4 percent in 2017.
India’s Wholesale Inflation Hits Eight-Month Low In March
Gold Silver Reports (GSR) – India’s Wholesale Inflation Hits Eight-Month Low In March – India’s wholesale price inflation eased to an eight-month low in March on the …
Wall Street Economists See Global Growth Cresting Not Collapsing
Gold Silver Reports (GSR) – Wall Street Economists See Global Growth Cresting Not Collapsing – Despite the soft start to the year and ongoing trade tensions, economists on Wall Street and beyond are sticking to forecasts for another solid economic expansion in 2018 while acknowledging the risks of slippage have mounted.
China, Japan Vow Cooperation to Get North Korea to Quit Nukes
Gold Silver Reports (GSR) – China, Japan Vow Cooperation to Get North Korea to Quit Nukes — “To get North Korea to abandon its nuclear weapons and missiles in a complete, irreversible and verifiable way, we agreed we must enforce the relevant Security Council resolutions and work closely together,” Japanese Foreign Minister Taro Kono told reporters Sunday in Tokyo after a meeting with Chinese counterpart Wang Yi.
India Forex Reserves At Record High Of $424.864 Billion
Gold Silver Reports (GSR) – In the previous week, the reserves had surged by $1.828 billion to $424.366 billion. It had crossed the $400-billion mark for the first time in the week to September 8, 2017, but has since been fluctuating. In the reporting week, the foreign currency assets, a major component of the overall reserves, rose by $657.7 million to $399.776 billion.
Bank of Korea Holds Interest Rate as Inflation Trails Target
Gold Silver Reports (GSR) – Bank of Korea Holds Interest Rate as Inflation Trails Target – The economy remains on track to grow 3 percent this year but inflation is projected to register 1.6 percent, slightly below the central bank’s previous forecast, Governor Lee Ju-yeol said during a news conference.