India‘s foreign exchange reserves for the week that ended on June 10, 2022, declined by $4.59 billion to $596.46 billion, Reserve Bank of India (RBI) data showed on Friday, June 17. The previous week that ended on June 3, 2022, the total foreign exchange reserves were at $601.05 billion. The latest decline in the reserves was on account of a sizable fall in Foreign Currency Assets (FCA), which is a major component of the overall reserves. The FCA declined by $4.53 billion to $532.24 billion during the week, the RBI data showed. Gold reserves dipped marginally during the week, while the Special Drawing Rights (SDRs) with the International Monetary Fund (IMF) dropped by $23 million to $18.38 billion. Further, the country’s reserve position with the IMF decreased by $40 million to $4.99 billion.
United States
Himesh Gandhi Formally Claims Sugar Land Council Seat in Texas
HOUSTON(TIP): A well-known Indian American community leader and a politician, Himesh Gandhi, formally won council seat in Sugar Land, Texas on May 5. The win is Gandhi’s fourth and final term. He received 100 percent […]
Farmers Movement
Farmers gear up for show of strength on March 8
Chandigarh (TIP): Despite the death of 300 farmers since they shifted their agitation to the Delhi border on November 26 last year, protests have not lost steam. Besides the permanent camps at the Delhi border, […]
Health
Bottled water contains thousands of previously unknown nanoplastics: Study
Bottled water contains tens of thousands of identifiable fragments as well as previously unknown nanoplastics in each container, posing significant health risk, finds a study. In recent years, there has been rising concern that tiny […]
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