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A 2019 report from the London School of Economics warned that weaponization of the dollar can trigger a "complete reversal of global economic integration" and geopolitical shifts that destroy the WTO system.

Indias 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.

Foreign exchange reserves rose for a second straight week and stood at over $596.28 billion as of July 7, the highest in nearly two months, the Reserve Bank of India's (RBI) data showed on Friday. Reserves in the week ended July 7 rose by $1.23 billion from the week earlier. They also rose by $1.85 billion in the week to June 30. Also Read: June wholesale prices fall for third

The dollar index edged 0.1% higher at 99.869, after touching a 15-month low of 99.574 earlier. The index was down 2.3% for the week, its biggest weekly decline in eight months.

The dollar index tumbled to their lowest in more than a year and US yields dropped after data showed that US inflation slowed at a faster-than-expected pace

ALBAWABA – The US dollar, the currency of the United States (US), lost further footing in Asia and Europe on Thursday, Reuters reported

CBK data shows shilling exchanged at an average of 141.06 units to the dollar on Tuesday

ALBAWABA – The Kingdom of Saudi Arabia deposited $2 billion in the State Bank of Pakistan Tuesday to boost the country’s low foreign exchange reserves.

Forex outflows under the head Income on equity and investment fund shares in the balance of payments, which represents repatriation of income from foreign investments such as MNC profits, hit a record $40 billion compared with net foreign direct investment of $27 billion, data from the Reserve Bank of India (RBI) showed.