Forex kitty

Mumbai, Sept. 20: The country’s foreign reserves jumped $650 million to $289.46 billion for the week ended September 12 from $288.81 billion in the previous week. During the week, foreign currency assets increased $676 million to $280.30 billion compared with $279.62 billion in the previous week, the Reserve Bank of India said in its weekly report. The gold reserves and special drawing rights during the week remained static at $8.69 billion and $4 million, respectively.

Growth policy

New Delhi, Sept. 20: A committee appointed by Manmohan Singh has asked the government to formulate a policy to reverse the deceleration in the manufacturing sector. “The policy will enable the government to achieve the goals of manufacturing and employment generation,” an official release said.