Mumbai Dec 31 PTI Indias forex reserves decreased by USD 587 million to USD 63508 billion for the week ended December 24 the RBI said on Friday In the previous week ended December 17 the overall reserves had decreased by USD 160 million to USD 635667 billion The kitty had touched a lifetime high of USD 642453 billion in the week ended September 3 2021 For the reporting week ended December 24 the dip in the overall reserves was on account of a decline in foreign currency assets FCA a major component of the overall reserves FCA dipped by USD 847 million to USD 571369 billion in the reporting week the RBI data 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 Gold reserves rose by USD 207 million to USD 3939 billion in the reporting week the apex bank data showed The special drawing rights SDRs with the International Monetary Fund IMF increased by USD 24 million to USD 19114 billion in the reporting week the RBI said The countrys reserve position with the IMF increased by USD 28 million to USD 5207 billion in the reporting week the data showed PTI AA MR MR

Mumbai Aug 23 PTI Union Finance Minister Nirmala Sitharaman will be visiting the financial capital for two days starting on Tuesday to meet key stakeholders She will begin the day with a meeting with officials from the Income Tax department in the Bandra Kurla Complex business district and follow it up with deliberations on the indirect tax side by meeting officials from goods and services tax and customs departments according to a tweet from her office Sitharaman is also meeting industry leaders in a gathering organised by lobby grouping CII This is the first visit by the finance minister since the onset of the pandemic and comes at a time when a greater focus is on the government for aiding recovery because high inflation constrains the RBI On the second day of the visit Sitharaman will be undertaking an annual performance review of public sector banks in BKC itself according to the tweet This will be followed with an event organised by Indian Banks Association IBA to launch Enhanced Access and Service Excellence EASE 40 in the same business district it said The minister is also scheduled to address a press conference with select journalists on Wednesday afternoon officials said Sitharaman on Monday announced a Rs 6 lakh crore National Monetisation Pipeline NMP that will look to unlock value in infrastructure assets across sectors ranging from power to road and railways Projects have been identified across sectors with roads railways and power being the top segments PTI AA MR MR