Forex kitty

Mumbai, June 13: The country’s forex reserves declined $1.08 billion to $261.31 billion for the week ended June 5 compared with $262.30 billion in the previous week. During the period, foreign currency assets dipped $1.08 billion to $250.36 billion compared with $251.45 billion in the previous week, the Reserve Bank of India said in its weekly report.

G8 dilemma

Lecce (Italy), June 13: Top financial officials from the G8 nations remained divided today over the importance of unwinding hefty stimulus packages now that the first signs of global economic recovery have emerged. They also remained undecided on whether Europe should run US style stress tests on its banks.