India's forex reserves drop below USD 700 bn
Mumbai (PTI): India's forex reserves fell by USD 276 million to USD 699.96 billion during the week ended October 3, according to RBI data.
In the previous reporting week, India's forex reserves had dropped by USD 2.334 billion to USD 700.236 billion.
For the week ended October 3, foreign currency assets, a major component of the reserves, decreased by USD 4.049 billion to USD 577.708 billion, the data released on Friday 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.
Value of the gold reserves increased by USD 3.753 billion to USD 98.77 billion during the week, the RBI said.
The Special Drawing Rights (SDRs) were up by USD 25 million to USD 18.814 billion, the central bank said.
India's reserve position with the IMF declined by USD 4 million to USD 4.6669 billion in the reporting week, the apex bank data showed.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Karnataka: Six men break into jewellery shop; loot gold, silver worth over Rs 40 lakh
Haveri (Karnataka) (PTI): Six unidentified men allegedly broke into a jewellery shop and decamped with gold and silver articles worth over Rs 40 lakh in this district in the wee hours of Saturday, police said.
The theft occurred at a jewellery shop in Chikkanshihosur village in Hanagal taluk of Haveri district between 1.45 am and 2.30 am, they said.
According to police, the six men, with their faces covered and wearing gloves, allegedly broke into the shop after midnight by cutting open both shutters.
After gaining entry, they covered three of the four CCTV cameras installed inside the shop and decamped with a safe locker. However, their act was recorded on one CCTV camera that was not covered.
Citing preliminary investigations, a senior police officer said 19 kg of silver items worth Rs 21 lakh and 219 grams of gold ornaments worth Rs 22 lakh were stolen from the shop.
A case of theft has been registered, he said.
“We have some clues about the vehicle used to transport the stolen jewellery, and efforts are underway to trace the vehicle and nab the suspects involved in the theft,” he added.
Further investigation is underway.
