INDIA'S FOREX RESERVES JUMP BY USD 9 BN TO USD 615 BILLION
The Business Guardian|December 24, 2023
India's foreign exchange reserves increased by USD 9.112 billion to USD 615.971 billion in the week ending December 15, 2023. This increase is one of the highest for a week and marks a 20-month high, data released by the Reserve Bank of India on Friday showed.
INDIA'S FOREX RESERVES JUMP BY USD 9 BN TO USD 615 BILLION

India's foreign exchange reserves include cash, bank deposits, bonds, and other financial assets denominated in currencies other than the Indian rupee. Notably, stronger foreign currency reserves allow developing market central banks to "buffer their currencies against sharp declines by supplying dollars to the market" at times of volatility.

India's foreign currency assets (FCA), the biggest component of the forex reserves, rose USD 8.349 billion to USD 545.048 billion, the central bank's weekly statistical data showed.

Denne historien er fra December 24, 2023-utgaven av The Business Guardian.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra December 24, 2023-utgaven av The Business Guardian.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA THE BUSINESS GUARDIANSe alt
ATISHI TAKES CHARGE AS DELHI'S CM, KEEPS ONE EMPTY CHAIR FOR KEJRIWAL
The Business Guardian

ATISHI TAKES CHARGE AS DELHI'S CM, KEEPS ONE EMPTY CHAIR FOR KEJRIWAL

Atishi expressed confidence in Kejriwal's return as CM, criticizing BJP's attempts to tarnish his image through OW imprisonment.

time-read
2 mins  |
September 24, 2024
2020 defamation case filed by BJP leader against Kejriwal, Atishi proceeds
The Business Guardian

2020 defamation case filed by BJP leader against Kejriwal, Atishi proceeds

The Rouse Avenue court on Monday listed the defamation case filed against Delhi CM Atishi Marlena, former CM Arvind Kejriwal and others for consideration of arguments on charge.

time-read
1 min  |
September 24, 2024
The Business Guardian

Gang of auto thieves involved in stealing of high-end vehicles busted

Delhi police have busted a gang of auto lifters which was involved in stealing of high end vehicles in the national capital, it said Monday.

time-read
2 mins  |
September 24, 2024
Rau's IAS CEO, coordinator granted interim bail
The Business Guardian

Rau's IAS CEO, coordinator granted interim bail

Earlier, the Delhi High Court had asked the CBI to submit a status report addressing the primary causes of waterlogging in the area and the rainfall data from that day.

time-read
1 min  |
September 24, 2024
Attack on turban during clash at DU's Khalsa College, FIR filed
The Business Guardian

Attack on turban during clash at DU's Khalsa College, FIR filed

Two groups of students clashed at Delhi University's Khalsa College, during which a student's turban fell off.

time-read
1 min  |
September 24, 2024
DELHI HIGH COURT: FLIPKART'S 'LATCHING-ON' FEATURE CANNOT BE USED TO SELL COUNTERFEIT PRODUCTS OR MISLEAD GULLIBLE PUBLIC
The Business Guardian

DELHI HIGH COURT: FLIPKART'S 'LATCHING-ON' FEATURE CANNOT BE USED TO SELL COUNTERFEIT PRODUCTS OR MISLEAD GULLIBLE PUBLIC

The court in the case observed that sale of the products by the two individual defendants by passing off their products as those emanating from \"Maharaja\" brand on Flipkart cannot be allowed. The court stated that, the feature of latching-on cannot be used to either sell counterfeit products, or to mislead the gullible public into purchasing products, as emanating from a particular source, when they do not so originate from the said source.

time-read
2 mins  |
September 24, 2024
The Supreme Court in the case Suresh Khanderao Chavhanke vs.
The Business Guardian

The Supreme Court in the case Suresh Khanderao Chavhanke vs.

The Tirumala Tirupati Devasthanam Trust And Other was hearing the petition filed in wake of controversy regarding the alleged use of adulterated ghee in preparing the laddus at the Tirumala Tirupati Temple.

time-read
1 min  |
September 24, 2024
The Business Guardian

Delhi Government To Supreme Court: Remission Pleas Stalled Due To Ex-CM Arvind Kejriwal's Incarceration Can Be Processed Now

Earlier, it has been informed by the Delhi Government to the Court that the processing of remission pleas had been stalled because the then CM Kejriwal was unable to sign the necessary files due to his incarceration.

time-read
2 mins  |
September 24, 2024
The Business Guardian

Supreme Court Stays NGT Order Directing Punjab Government To Pay 1,026 Crores For Failure To Treat Sewage Waste

The Supreme Court in the case State of Punjab v.Union of India, UOI observed and has stayed the order of the National Green Tribunal, NGT, wherein the court directed the state of Punjab to pay 1,026 Crores to the Central Pollution Control Board as environment compensation for failure to manage legacy waste and untreated sewage.

time-read
1 min  |
September 24, 2024
Supreme Court Set Aside Order Dismissing FIR Quashing Petition As 'Infructuous' Due To Petitioner's Arrest
The Business Guardian

Supreme Court Set Aside Order Dismissing FIR Quashing Petition As 'Infructuous' Due To Petitioner's Arrest

The Supreme Court in the case Vidhu Gupta v.State of UP observed and has criticized a decision of the Allahabad High Court, which declared a petition seeking the quashing of an FIR as 'infructuous' solely because the petitioner had been arrested.

time-read
1 min  |
September 24, 2024