Indias forex reserves dropped by USD 3.847 billion to USD 524.52 billion for the week ended October 21, the RBI said on Friday. The overall reserves had dropped by USD 4.50 billion to USD 528.37 billion in the previous reporting week, and have been declining for many months now. In October 2021, the countrys forex kitty had reached an all-time high of USD 645 billion. […]
Instruments with [ICRA]A1+ rating are considered to have very strong degree of safety.
The manufacturing sector in China fell into contraction territory in October, the National Statistics Bureau said on Monday with a manufacturing PMI score of 49.2. It also slips beneath the boom-or-bust line of 50 that separates expansion from contraction. The bureau also said that its non-manufacturing index fell to 48.7 from 50.6, while its general (composite) PMI sank to 49.0 from 50.9.Powered by Commodity Insights
The proposed plant will help meet the company's internal electricity demand while also allowing it to supply power in the market.
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