The forex reserves have been declining in the past few weeks as the Reserve Bank is selling the US dollar to contain rupee depreciation

The weakening rupee against the US dollar and high crude-oil prices in the international market have swelled the current account deficit in the first quarter. The domestic currency has been Asia's worst performing currency so far this year

The Trump administration says Islamabad is granting safe haven to insurgents who are waging a 17-year-old war in neighboring Afghanistan, a charge Pakistan denies.

The central bankers and governments of the EM countries have taken a number of steps to protect the value of their currencies

After a seemingly endless stream of gloomy news and falling values, sentiment has finally started to show signs of improvement globally against the backdrop of the upcoming visit of Chinese delegates to the US in order to re-ignite trade talks.

The currency fell 42 paise to hit a fresh all time low of 70.32 intra day. Earlier, it opened 35 paise lower to 70.25 level compared to the US dollar.

Arun Jaitley was referring to the RBI's foreign exchange reserves which stood at $402.70 billion in the week ended August 3 which provides a comfortable cushion.

Arun Jaitley said India has comfortable foreign exchange reserves to deal with any undue volatility in the currency market and developments are being closely monitored.

Given the record low of 70.08 per dollar that the rupee slipped to today, it's hard to imagine a time when it could hold its own against the US dollar.

The first Gulf War (1990), which sent crude oil prices surging again, the downgrade by global credit rating agencies and the disintegration of the Soviet Union all brought on a massive balance of payment crisis in India.

India's macroeconomic parameters are sliding at a time when the world is staring at a full-blown trade and currency war.

Imran Khan's priority will be to get the economy back on track.

The rupee continued to muscle up against the US currency for the second straight week as it extended gains after overcoming initial volatility amid a ratcheting up of global trade war rhetoric.

Though the situation is not as bad as it was in September 2013, when the currency slipped big time, the RBI has enough ammunition at its disposal to counter slipping from its hand.

From human development indicators like health and education to economic parameters like tax-to-GDP ratio, currency performance, and current account deficit, Pakistan's track record is dismal on all fronts.

Forex sentiment witnessed a revival of enthusiasm as currency traders took comfort in the encouraging meeting outcome after US President Donald Trump obtained concessions from the European Union to avert a transatlantic trade war.

There are already fears of trade wars escalating to currency wars among countries.

The steadily weakening Indian currency brings with it a host of worries

Continued strengthening of the US dollar, lack of foreign investment inflows and concerns over rising oil prices are likely to keep the rupee under pressure and push it down to the 70 mark this week, said bankers.

In early April, India's foreign exchange reserves had hit a life-time high of $424.864 billion, and was cited by Asian Development Bank's Chief Economist Yasuyuki Sawada as the reason why India did not need to worry much about currency fluctuations.