forex

How to Trade Forex Using a Demo Account

20 Dec 2023

Imagine being in an exotic foreign market where you buy a beautiful artifact using local currency. Later, due to favorable economic conditions, the value of the local currency decreases against your home currency. Now, if you were to sell that artifact back home, you'd make a profit purely based on...

India’s Forex reserves saw steepest weekly decline in over 11 months

19 Feb 2023

India's foreign exchange reserves declined by USD 8.319 billion to USD 566.948 billion in the week ending on February 10, according to the Reserve Bank of India's latest data.This is reported to be the sharpest slump in the overall forex reserves in over 11 months. During the week that ended...

Pakistan spending 66 per cent of forex on fuel imports

06 Nov 2022

Energy prices are on a surge worldwide due to Russia-Ukraine war and the economy is deteriorating due to inflation and its depreciating currency. Amid this, Pakistan is forced to spend 66 per cent of its forex reserve on fuel imports. According to reports, Pakistan presently spends over USD 21.43 billion...