Forex kitty shrinks

Mumbai, Nov. 26: India?s foreign exchange reserves declined by $127 million to $142.18 billion during the week ended November 18 against $142.30 billion during the preceding week. Foreign currency assets fell by $123 million at $136 billion during the seven-day period, according to figures released by the Reserve Bank of India. Foreign currency assets in dollars include the effect of revaluation of non-US currencies such as the euro, sterling and yen held in reserves.

WTO draft

New Delhi, Nov. 26: The WTO today published the first draft text of the declaration for the Hong Kong ministerial next month. The draft reflected the diverse opinion among the 148-member countries implying that not much headway has been made in the crucial issues of agriculture and non-agriculture market access. Indian officials have described the draft as ?bland?.

RBI move

Mumbai, Nov. 26: The Reserve Bank of India will introduce a second round of liquidity adjustment facility from Monday to manage liquidity in the system.