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THE Reserve Bank of Zimbabwe (RBZ) is set to meet with the Bankers Association of Zimbabwe (BAZ) and Accountant General with a view to map the way forward on th...

Currency depreciates 0.11% against the US dollar in inter-bank market

KUALA LUMPUR: The ringgit rebounded from a four-day losing streak to end higher on Friday, driven by improved sentiment as the United States (US) debt ceiling deal was resolved and the expectation that the Federal Reserve will pause interest rate hikes in June.

The Enforcement Directorate conducted searches at Pune and Ahmednagar in late May in connection with Foreign Exchange Management Act violations by VIPS Group of Companies and Global Affiliate Business managed and controlled by one Vinod Khute and his relatives.

A bulk of the drop was caused by the depletion of foreign currency assets, which went down by $4.01 billion to hit $520 billion.

LONDON—The dollar was heading for its largest weekly fall since mid-January on Friday as the view took hold ...

Indias foreign currency assets, the biggest component of the forex reserves, declined by USD 4.014 billion to USD 520.931 billion, the latest data showed.

India's overall foreign exchange reserves declined by USD 4.339 billion to USD 589.138 billion in the week that ended on May 26, 2023, data released by the Reserve Bank of India on Friday showed.

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