By SK Nag But the requirement is imminent with increased life expectancy resulting from modern and improved medical technology. Proclaiming the working rights of the elderly after retirement in today’s context is genuinely not a faux pas. Nevertheless, it is constitutional to reclaim the earning right, which any generation may not deny. At least in the […]
Mumbai, Jan 11 (IANS) India’s foreign exchange (forex) reserves declined by $2.59 billion to $293.10 billion for the week ended Jan 3, Reserve Bank of India (RBI) data showed.
The foreign exchange reserves had increased by $204.9 million to $295.70 billion for the week ended Dec 27.
According to the RBI’s weekly statistical supplement, foreign currency assets, the biggest component of the forex reserves, fell by $1.68 billion to $266.95 billion.
The foreign currency assets had risen by $164.3 million to $268.63 billion in the previous week.
According to the RBI, the foreign currency assets, expressed in US dollar terms, include the effect of appreciation or depreciation of non-US currencies held in reserve such as the pound sterling, euro and yen.
The value of special drawing rights (SDRs) decreased by $27.8 million to $4.43 billion during the week under review. India’s reserve position with the International Monetary Fund (IMF) was down by $12.5 million to $1.99 billion.
The value of India’s gold reserves declined by 878.6 million to $19.72 billion.