Forex reserves decline by USD 2.36 bn to USD 583.53 bn
Mumbai, (PTI): India's forex reserves declined by USD 2.36 billion to USD 583.53 billion during the week ended October 20, according to the Reserve Bank of India data.
In the previous reporting week, the overall reserves had increased by USD 1.153 billion to USD 585.895 billion.
In October 2021, the country's forex kitty reached an all-time high of USD 645 billion. The reserves took a hit as the central bank deployed the reserves to defend the rupee amid pressures caused majorly by global developments since last year.
For the week ended October 20, the foreign currency assets, a major component of the reserves, decreased by USD 4.15 billion to USD 515.2 billion, according to the Weekly Statistical Supplement released by the RBI.
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 were up by USD 1.85 billion to USD 45.42 billion during the week, the RBI said.
The Special Drawing Rights (SDRs) were down by USD 70 million to USD 17.93 billion, the apex bank said.
India's reserve position with the IMF increased by USD 6 million to USD 4.98 billion in the reporting week, the apex bank data showed.
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SIT initiates probe to identify persons who 'forced' woman to lodge complaint in sexual abuse case
Bengaluru (PTI): The Special Investigation Team (SIT) probing the alleged multiple instances of sexual abuse by Hassan MP Prajwal Revanna has initiated an inquiry to identify those who allegedly called a woman and "forced" her to register a "fake complaint" against the JD(S) leader, sources said on Friday.
The move comes after the National Commission for Women (NCW) said that one woman complainant who reached out to it claimed she was forced to register a fake complaint against the 33-year-old, who is the Lok Sabha poll candidate for Hassan and the grandson of JD(S) patriarch and former prime minister H D Deve Gowda.
Sources said the investigating team headed by Additional Director General of Police B K Singh got to know about the woman only after NCW forwarded the complaint to SIT.
A senior official who is a part of the investigation team said that no one from SIT has contacted her before and she has not filed any complaint with them in this regard.
“SIT has initiated an inquiry into this matter to identify the persons who made phone calls to the woman and accordingly necessary legal action will be taken against such persons,” a source said.
According to the NCW, the woman complainant came to the commission to register a complaint against three individuals, allegedly introducing themselves as Karnataka Police officials and forcing her to allegedly give a false complaint in this case.
“She stated that she is being called by random phone numbers threatening her (telling her to lodge) a complaint. It has come to light that this complainant was forced by a group of individuals to file a complaint, under the threat of potential harassment and false implications. The victim has sought protection for her family’s welfare, underscoring the seriousness of the situation,” the NCW stated.
