Forex kitty

Mumbai, Sept. 27: The country’s foreign exchange reserves jumped $2.51 billion for the week ended September 19 to $291.97 billion from $289.461billion despite dollar selling by the central bank to support the falling rupee. Foreign currency assets grew $2.50 billion to $282.81 billion from $280.30 billion in the previous week, the RBI said in its weekly data . Gold reserves and special drawing rights, during the period under review, remained static at $8.69 billion and $4 million, respectively.

Sasken plea

Mumbai, Sept. 27: The Securities Appellate Tribunal (SAT) today allowed an appeal filed by Sasken Communication Technologies against a Sebi ruling in a case involving buyback of shares. SAT held Sasken had the discretion to close the buyback offer anytime it wanted subject to the company announcing the minimum number of shares it would buy back under the offer.