The forex reserves has dropped sharply for the second consecutive week. It had declined by $2.18 billion in the previous week.
Foreign currency assets, the biggest component of the forex reserves kitty, fell by $1.33 billion to $257.85 billion during the week under review, according to the Reserve Bank of India's weekly statistical supplement.
The RBI did not provide any reasons for the change in foreign currency assets.
It said the assets expressed in US dollar terms included the effect of appreciation or depreciation of non-US currencies such as the pound sterling, euro and yen held in reserve.
However, the RBI is understood to have sold dollars from the reserves to curb the slide in the value of rupee.
The Indian rupee slumped to a new intra-day low of 54.91 against a dollar Friday. This was the third consecutive record low of rupee in the last three days. The rupee had hit a low of 54.60 against a dollar Thursday, surpassing previous day's record of 54.52.
The rupee also hit a new closing low of 54.49 against a dollar Wednesday and ended the week at 54.42.
The value of special drawing rights (SDRs) declined by $25.6 million to $4.43 billion, and India's reserves with the International Monetary Fund ( IMF) fell by $16.7 million to $2.88 billion.
The value of gold reserves remained unchanged at $26.61 billion.
Compo money won't be taxed - Bangkok Post
The cabinet on Sunday agreed to a proposal to exempt from tax the compensation to be paid for the deaths and injuries from political violence between 2005-2010 and to people affected in the government's counter-insurgency operations in the three southern border provinces, acting government spokesman Anusorn Iamsa-ard said.
Mr Anusorn said the move was intended to ensure justice for all, regardless of their political colour.
The tax exemption will be announced in a ministerial regulation regarding the compensation, he said.
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Fundraiser Angela gearing up for another challenge (From Salisbury Journal) - This is Salisbury
Fundraiser Angela gearing up for another challenge
10:20am Sunday 20th May 2012 in New Forest News
VERWOOD fundraiser Angela Inwards is preparing for yet another challenge to raise money for the breast cancer charity Walk the Walk.
The 56-year-old reflexologist is taking part in the Moonwalk, where participants walk either a marathon or half marathon around London, starting in Hyde Park at midnight.
Angela, from Lake Road, has taken part in marathons in London and New York, a triathlon and the Great North Run, raising almost £5,000 for different charities.
She said: “I sadly lost my auntie to breast cancer 18 years ago and a cousin of mine had a mastectomy and reconstruction two years ago.
“Now another cousin has been diagnosed with breast cancer and is having surgery within the next week or so.”
Participants in the MoonWalk traditionally wear decorated bras, and Angela has created a red, white and blue outfit to tie in with the Queen’s Diamond Jubilee. She has already raised nearly £400 and is hoping to reach a £1,000 target. To sponsor her, visit walkthewalkfundraising.org/angela_inwards.
Forex Trading With Smartphones and Tablets - 1UP.COM
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The variation will likely be caused by the programmer who designed the program. Depending on his selection, research, or beliefs, the programmer may involve or omit certain indicators available, all of which could guide the course in deciding whether to ...
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