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India’s Forex reserve deplete by $593 mn

| | Mumbai | in Sunday Pioneer

India’s foreign exchange (Forex) reserves depleted by $593.7 million as on June 1, official data showed on Friday.

According to the Reserve Bank of India’s (RBI) weekly statistical supplement, the overall forex reserves declined to $412.23 billion from $412.82 billion reported for the week ended May 25.

India’s forex reserves comprise of foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs) and the RBI’s position with the International Monetary Fund (IMF). Segment-wise, FCAs -- the largest component of the Forex reserves — decreased by $81.3 million to $387.51 billion during the week under review.

Besides the US dollar, FCAs consist of nearly 20-30 per cent of major global currencies. As per the data, the value of the country’s gold reserves plunged. It plunged by $511 million to $21.18 billion.




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AK 56 recovered in Garu village

19 Jun 2018 | PNS | DALTONGANJ

214 Battalion of CRPF and Latehar district police on Monday recovered one AK56, said Commandant of 214 battalion of CRPF Ajay Singh. Sources said it has been recovered at village Kuyee under Garu police station which is a kendu leaf hub and here the stake of the extremists be they are CPI Maoists or JJMP is too high...

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