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Forex reserves decline by USD 1 bn to USD 697.93 bn

Mumbai, Jun 27 (PTI) India’s forex reserves dropped by USD 1.01 billion to USD 697.93 billion for the week ended June 20, the Reserve Bank of India said on Friday. In the previous reporting week, the reserves had jumped by USD 2.29 billion to USD 698.95 billion. Forex reserves had touched an all-time high of USD 704.885 billion in September 2024. For the week ended June 20, foreign currency assets, a major component of the reserves, dropped by USD 357 million to USD 589.06 billion, the data released on Friday showed. Expressed in dollar terms, the foreign currency assets include

Gold plunges Rs 930 to Rs 97,670/10 g amid easing off Israel-Iran tensions

New Delhi, Jun 27 (PTI) Gold prices plunged Rs 930 to Rs 97,670 per 10 grams in the national capital on Friday as traders rushed to selling amid easing off Middle East tensions and favourable reports about a trade deal between the US and China. According to the All India Sarafa Association, the precious metal of 99.9 per cent purity had closed at Rs 98,600 per 10 grams on Thursday. On Friday, gold of 99.5 per cent purity declined by Rs 850 to Rs 97,200 per 10 grams (inclusive of all taxes). It had settled at Rs 98,050 per 10

Will oppose intensive revision of electoral rolls in Bihar: INDIA bloc

Patna, Jun 27 (PTI) The opposition INDIA bloc in Bihar on Friday strongly opposed the Election Commission’s (EC) proposed intensive revision of electoral rolls ahead of the state assembly elections. Averment to this effect came at a joint press conference here addressed by RJD leader Tejashwi Yadav, Congress’ media and publicity department chief Pawan Khera and CPI(ML) general secretary Dipankar Bhattacharya, among others. “We suspect that this exercise, which seeks documents from voters that few might possess, is aimed at disenfranchising a large number of people — especially those from deprived sections of society,” alleged Tejashwi Yadav, a former Deputy

Home loan interest must come down to 6 pc to increase sales: NAREDCO president

New Delhi, Jun 27 (PTI) Realtors’ body NAREDCO president G Hari Babu on Friday demanded that interest on home loans should come down to around 6 per cent to boost sales that have fallen during the first six months of this year across the top seven cities. He attributed the fall in housing sales to excess supply, sharp rises in prices of residential properties and global economic uncertainties. Real estate data analytics firm PropEquity has reported a 19 per cent drop in sales during the current April-June period and a 23 per cent fall in the preceding quarter across 9

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