Skip to content
Search

Latest Stories

India’s Forex Reserves Move Below $400 Billion Mark for First Time in 2018

India’s foreign exchange reserve fell by $819.5 million to $399.282 billion for the week to September 7 falling below the $ 400bn mark for the first time in over 12 months, according to the data released by India’s central bank, Reserve Bank of India (RBI) on Friday (14).

This is the second straight week of a significant decline in the reserves which showcase that central bank has been selling US currency to fight against depreciation of rupee which moved up 73 mark this week to close at 71.84 against the dollar on Friday (14). The total reserves fell by $1.191bn to $400.101bn in the previous week.


In the week to September 7, India’s foreign currency assets, an important component of the overall reserves, recorded a fall by $887.4m to $375.09bn.

India’s foreign currency assets expressed in dollar terms consist the effect of appreciation, depreciation currencies other than US dollar such as euro, pound, yen held in reserves.

Meanwhile, after showing a steady trend for years, India’s gold reserves rose by $71.9m to $20.234bn in the reporting week, RBI noted.

Also, the special drawing rights of the International Monetary Fund (IMF) fell by $1.5m to $1.476bn. The country's reserve place with the fund also recorded a decline by $2.5m to $2.474bn, India’s central bank added.

More For You

UK-Bahrain-deal-Getty

Prime minister Keir Starmer with Crown Prince Salman bin Hamad Al Khalifa of Bahrain ahead of bilateral talks at 10 Downing Street on June 19, 2025 in London. (Photo: Getty Images)

UK-Bahrain £2bn Investment Deal: All you need to know

THE UK and Bahrain have signed a £2 billion investment and collaboration partnership aimed at supporting key sectors of the UK economy, including financial services, technology, manufacturing, and clean energy.

The Strategic Investment and Collaboration Partnership (SIP), announced on June 19, doubles the £1 bn investment committed in 2023.

Keep ReadingShow less
Octopus Energy Unveils Smart Home EV Charger to Slash Charging Costs

It follows a broader strategy by Octopus Energy to offer home energy hardware

Getty Images

Octopus Energy unveils first smart home EV charger to cut charging costs

Octopus Energy, the UK’s largest electricity supplier, has launched its first home electric vehicle (EV) charger, named Octopus Charge. The charger is designed to integrate with the company’s smart energy system to enable cost-effective and environmentally friendly charging.

Smart charging through Kraken platform

The new Octopus Charge device connects to the energy supplier’s proprietary Kraken platform, which automatically adjusts charging to coincide with times when electricity is cheapest and greenest. This enables EV owners to take advantage of lower rates and reduce their carbon footprint.

Keep ReadingShow less
Record-breaking data breach

The data is spread across 30 different datasets

iStock

Record-breaking data breach exposes 16 billion credentials, raising global cybersecurity concerns

A massive new cybersecurity report has revealed what experts are calling the largest data breach in history, involving over 16 billion login credentials. The records, uncovered by researchers at Cybernews, appear to come from a variety of sources and have raised alarm bells across the tech and cybersecurity industries.

Unprecedented scale of exposure

The data is spread across 30 different datasets, with individual troves containing between tens of millions and more than 3.5 billion credentials each. In total, the exposed records add up to 16 billion, a staggering number that equates to more than two credentials for every person on Earth.

Keep ReadingShow less
leaders discussed the new Defence Cooperation Accord between the UK and Bahrain,

The leaders discussed the new Defence Cooperation Accord between the UK and Bahrain, aimed at deepening joint military training and naval ties.

Crown Prince of Bahrain's website

UK and Bahrain strengthen defence and investment ties

PRIME MINISTER Keir Starmer met Crown Prince Salman bin Hamad Al Khalifa, prime minister of Bahrain, at Downing Street on Thursday.

A Downing Street spokesperson said the leaders discussed the UK-Bahrain relationship and welcomed the UK becoming a full member of the Comprehensive Security Integration and Prosperity Agreement (C-SIPA), a trilateral pact with Bahrain and the United States focused on regional security.

Keep ReadingShow less
Bank of England

In a statement, the central bank pointed to a recent rise in energy prices, citing the 'escalation of the conflict in the Middle East' as a factor.

Getty Images

Bank of England holds interest rate at 4.25 per cent

THE BANK OF ENGLAND (BoE) kept its key interest rate at 4.25 per cent on Thursday, citing persistent inflation and rising risks from US tariffs and the conflict between Israel and Iran.

The decision, which was widely expected, came a day after the US Federal Reserve also left its interest rates unchanged, pointing to continued inflation and slowing growth in the United States.

Keep ReadingShow less