Latest news with #Drawing
The Print
3 days ago
- Business
- The Print
India's forex kitty drops by USD 1.183 bn to USD 695.489 bn
For the week ended July 18, foreign currency assets, a major component of the reserves, slipped by USD 1.201 billion to USD 587.609 billion, the data released on Friday showed. In the previous reporting week, the overall kitty had dropped by USD 3.064 billion to USD 696.672 billion. The reserves had touched an all-time high of USD 704.885 billion in end-September 2024. Mumbai, Jul 25 (PTI) India's forex kitty declined by USD 1.183 billion to USD 695.489 billion during the week ended July 18, the RBI said on Friday. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. However, the gold reserves increased by USD 150 million to USD 84.499 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were down by USD 119 million to USD 18.683 billion, the apex bank said. India's reserve position with the IMF declined by USD 13 million to USD 4.698 billion in the reporting week, the apex bank data showed. PTI AA SHW This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
News18
18-07-2025
- Business
- News18
Forex reserves drop by USD 3 bln to USD 696.672 bln
Agency: PTI Last Updated: Mumbai, Jul 18 (PTI) India's forex reserves dropped by USD 3.064 billion to USD 696.672 billion during the week ended July 11, the RBI said on Friday. In the previous reporting week, the overall kitty had declined by USD 3.049 billion to USD 699.736 billion. The reserves had touched an all-time high of USD 704.885 billion in end-September 2024. During the week ended July 11, foreign currency assets, a major component of the reserves, dropped by USD 2.477 billion to USD 588.81 billion, the data released on Friday showed. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. Gold reserves declined by USD 498 million to USD 84.348 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were down by USD 66 million to USD 18.802 billion, the apex bank said. India's reserve position with the IMF declined by USD 24 million to USD 4.711 billion in the reporting week, the apex bank data showed. PTI AA HVA Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Daily News Egypt
07-07-2025
- Business
- Daily News Egypt
Egypt's net international reserves rise to $48.7bn in June 2025
The Central Bank of Egypt (CBE) announced that the country's net international reserves increased to $48.7bn in June 2025, up from $48.526bn in May—an uptick of approximately $174m. In a statement issued Monday, the CBE indicated that the foreign currency component of the reserves reached $35.076bn in June, compared to $34.809bn in May. The value of Special Drawing Rights (SDRs) remained unchanged at $41m. Gold reserves amounted to $13.586bn in June, slightly down from $13.679bn the previous month. Egypt's foreign exchange reserves consist of a diversified basket of major global currencies, including the US dollar, euro, British pound, Japanese yen, and Chinese yuan. The allocation of each currency depends on prevailing exchange rates and their relative stability in global markets, in accordance with a structured strategy developed by CBE officials. The primary role of the CBE's foreign reserves—which comprise both gold and foreign currencies—is to safeguard the country's ability to import essential goods, meet external debt obligations, and act as a buffer during times of economic uncertainty, particularly when foreign currency inflows from key sectors come under strain. Meanwhile, the Central Bank reported that net foreign assets (NFAs) across the Egyptian banking sector jumped to $14.710bn—or EGP 732.556bn—in May 2025, up from $13.5bn (EGP 687.723bn) in April. This marks a key milestone, as NFAs recorded a surplus for the first time since January 2022, when a surplus of EGP 9.674bn was registered. In contrast, the sector had posted a deficit of EGP 174.4bn in April 2024, while the May 2025 surplus reached EGP 676.4bn. Total foreign assets across the banking system—including both the Central Bank and commercial banks—rose to approximately EGP 4.111trn in May, up from EGP 3.963trn in April. On the liabilities side, total foreign obligations amounted to EGP 3.379trn in May, compared to EGP 3.275trn in April 2025.
Scoop
30-06-2025
- Entertainment
- Scoop
Peter Robinson: Charcoal Drawing & Hye Rim Lee: Swan Lake At Christchurch Art Gallery
Saturday 2 August to 23 November Two very different exhibitions will open alongside each other at Christchurch Art Gallery Te Puna o Waiwhetū this August. Each has been developed by an internationally recognised contemporary artist and will offer visitors an immersive and unforgettable experience. Peter Robinson: Charcoal Drawing Don't let the title fool you – leading Aotearoa artist Peter Robinson (Kāi Tahu) is always thinking outside the square, and well beyond the limits of a sheet of paper. His upcoming exhibition Peter Robinson: Charcoal Drawing invites viewers to become part of what Lead Curator Felicity Milburn describes as 'a three-dimensional drawing in space.' 'This epically-scaled installation plays with the idea of walking through a drawing and feeling how it transforms around you as you see it from different heights and angles. 'Peter explored this way of working at Whangārei Art Museum in 2024, and this new iteration responds directly to the tall, square setting of our Sutton Gallery space,' says Milburn. Multiple six-metre-long, powder-coated aluminium beams will be bent into shape by Robinson and a small team at the Gallery during the days leading up to the opening of the exhibition. 'It's a very hands-on process where careful planning meets a playful responsiveness to space, resulting in a viewing experience that feels both precise and unpredictable,' says Milburn. 'Peter works with shapes that are deliberately open-ended. They carry echoes of koru, niho and other forms familiar from customary Māori artmaking, while also encouraging a host of other readings, such as a monumental finger curled in invitation,' Milburn explains. 'The scale is shifting and uncertain, and by choosing a surface treatment that resembles burnt or weathered wood, he transforms a sterile, industrial material into something much more organic and full of possibility.' Felicity Milburn will lead a conversation with Peter Robinson about his work in the exhibition space at 1pm on opening day, Saturday 2 August. Hye Rim Lee: Swan Lake For leading intermedia artist Hye Rim Lee (Korea, New Zealand), an upbringing immersed in music, theatre and dance instilled a love of creativity and storytelling says Curator Ken Hall. 'That passion led Lee into an international career in digital artistry. Like her late father, Jin Soon Lee, who was a prominent theatre director in South Korea, she brings stories, characters and imaginative worlds to life – only her stage is a screen. Hye Rim Lee Swan Lake (still) 2025. 3D animation. 3D generalist: Steven Stringer. Courtesy of the artist 'Lee works closely with a team of animators and sound engineers to create large-scale projected 3D animation shaped through a process of careful refinement,' says Hall. 'She brings a strong directorial vision to the animation, shaping each element from concept to final presentation.' Lee's latest major work, Swan Lake, draws inspiration from Tchaikovsky's iconic ballet and includes choreography by the acclaimed dancer Rudolf Nureyev. Lee's fascination with swans began during the 2020 Level 4 lockdown when she often encountered the graceful birds at Western Springs, near her Grey Lynn studio. Another deeply personal thread running through Lee's work is the impact of loss – her parents in the 1980s, and her sister in 2008. 'Elements of grief and darkness give way to hope and healing, echoing Lee's own journey of transformation and spiritual depth,' says Hall. 'There's an ethereal, emotive quality to Lee's Swan Lake. The two swans share a tenderness that feels almost human. While reflecting the emotional depth of the original ballet, Lee's Swan Lake reimagines the narrative in a striking way.' At 11am on opening day, Saturday 2 August, hear from Hye Rim Lee in conversation with Ken Hall in the Gallery's Philip Carter Family Auditorium. Peter Robinson: Charcoal Drawing and Hye Rim Lee: Swan Lake open on Saturday 2 August and close on 23 November 2025.
NDTV
20-06-2025
- Business
- NDTV
India's Forex Reserves Rise $2.29 Billion To $698.95 Billion
Mumbai: India's forex reserves rose USD 2.294 billion to USD 698.95 billion for the week ended June 13, the RBI said on Friday. The overall reserves had increased by USD 5.17 billion to USD 696.65 billion for the previous reporting week ended June 6. Forex reserves had touched an all-time high of USD 704.885 billion in end-September 2024. For the week ended June 13, foreign currency assets, a major component of the reserves, rose by USD 1.739 billion to USD 589.426 billion, the data released on Friday showed. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. The gold reserves were up by USD 428 million to USD 86.316 billion during the week, the RBI said. The Special Drawing Rights (SDRs) also rose by USD 85 million to USD 18.756 billion, the central bank said. India's reserve position with the IMF also inched up by USD 43 million at USD 4.452 billion in the reporting week, the apex bank data showed.
