Related News

Stablecoin issuer Circle applies for a national bank charter

Traders work on the floor at the New York Stock Exchange (NYSE), on the day of Circle Internet Group’s IPO, in New York City, U.S., June 5, 2025. Brendan McDermid

Tinder requires California users to verify their profiles using facial recognition

Tinder is testing out a new facial recognition feature as it seeks to reduce fraud and build trust among its customer base. The West Hollywood-based company, which is owned by

Meta shares hit all-time high as Zuckerberg goes on AI hiring blitz

Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during the Meta Connect event on Wednesday, Sept. 25, 2024. Bloomberg | Bloomberg | Getty Images Meta shares hit a record

Joby Aviation stock pops 14% after delivering first flying taxi to UAE

An electric air taxi by Joby Aviation flies near the Downtown Manhattan Heliport in Manhattan, New York City, U.S., November 12, 2023. Roselle Chen | Reuters Joby Aviation stock soared

Drug labelling norms under review: Expiry date readability flagged; govt panel to examine packaging reforms

India’s top drug regulator has set up a sub-committee to revamp labelling norms on medicinal products after receiving consumer complaints about illegible expiry dates and glossy packaging that hampers readability.The

India’s Forex Reserve Jumps By $4.758 Billion To $640.479 Billion

Word Count: 213 | Estimated Reading Time: 2 minutes

Mumbai:

India’s forex reserve jumped by USD 4.758 billion to USD 640.479 billion in the week ended February 21, the Reserve Bank said on Friday.

In the previous reporting week, the overall reserves had dropped by USD 2.54 billion to USD 635.721 billion.

The reserves have been on a declining trend for the past several weeks due to revaluation along with forex market interventions by RBI to help reduce volatility in the rupee. The forex kitty had increased to an all-time high of USD 704.885 billion in end-September 2024.

For the week ended February 21, foreign currency assets, a major component of the reserves, increased by USD 4.251 billion to USD 543.843 billion, the latest data showed.

Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.

Gold reserves increased by USD 426 million to USD 74.576 billion during the reporting week, the RBI said.

The Special Drawing Rights (SDRs) were up by USD 73 million to USD 17.971 billion, the central bank said.

India’s reserve position with the IMF was up by USD 7 million at USD 4.09 billion in the reporting week, the apex bank data showed.

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

Source link