Forex kitty

Mumbai, Aug. 23: Declining foreign currency assets caused a further fall in the country’s foreign exchange reserves for the fifth consecutive week below the $300-billion mark. Reserves fell $3.8 billion to $296.21 for the week ended August 15 from $300.01 billion in the previous week, the Reserve Bank of India said in its weekly report. During the period, the foreign currency assets fell $3.78 billion to $285.97 billion from $289.76 billion in the previous week.

Trade talks

Washington, Aug. 23: World trade negotiators need to bounce back quickly from a failed meeting in July to have any chance of reaching a deal by the end of the year, Pascal Lamy, director-general of the World Trade Organisation, said.

Jet growth

New Delhi, Aug. 23: Jet Airways has added 14 international flights since the beginning of this month taking its total number of foreign destinations to 20.