Briefly Business: Forex reserves fall by $985 million to $279.20 billionhttps://indianexpress.com/article/news-archive/web/briefly-business-forex-reserves-fall-by-985-million-to-279-20-billion/

Briefly Business: Forex reserves fall by $985 million to $279.20 billion

The country’s foreign exchange reserves dipped by $0.985 billion to $279.20 billion,the Reserve Bank said

Forex reserves fall by $985 million to $279.20 billion

Mumbai: The country’s foreign exchange reserves dipped by $0.985 billion to $279.20 billion,the Reserve Bank said on Friday. The total reserves had risen by $21 million to $280.19 billion in the previous reporting week. Foreign currency assets,a major component of the forex reserves,were down by $999 million to $251.14 billion for the week ended July 19.

MCX-SX turnover crosses R2K-cr mark

New Delhi: The country’s newest bourse MCX-SX on Friday crossed the turnover of Rs 2,000 crore mark in less than six months of launch. The exchange had begun live trading in equities and equity derivatives from February this year. The turnover of MCX-SX’s flagship index ‘SX40’ increased to Rs 1,925.74 crore on its derivatives segment.

DLF ends sale talks with Amanresorts

New Delhi: India’s largest realty firm DLF has walked out of a pact to exclusively negotiate sale of its luxury hotel chain Amanresorts with Indonesian hotelier Adrian Zecha,after the $300-million deal could not be closed within the stipulated timeframe.

RBI may consider fraud registry

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New Delhi: The Reserve Bank of India could consider setting up of a fraud registry on the lines of credit information bureau to check criminal activities in the financial sector,said KC Chakrabarty,deputy governor at a conference.

EPFO starts to register digital signatures

New Delhi: Online transfer of PF accounts on changing jobs will soon be a reality as retirement fund manager EPFO has started registering digital signatures of employers,a prerequisite for providing the facility.