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Business Briefs

Forex kitty

Mumbai, July 11: The country’s foreign exchange reserves declined by a marginal $107 million for the week ended July 3 to $264.47 billion compared with $264.58 billion in the previous week. Reserves rose $932 billion for the week ended June 26. Foreign currency assets, during the period, dropped to $253.43 billion, down $300 million, from $253.73 billion in the week ago, the RBI said in its weekly report. The gold reserves, during the week, rose to $9.80 billion from $9.60 billion in the week ago.

Leela Hotels

New Delhi, July 11: The Leela Palaces, Hotels and Resorts is planning to invest Rs 2,200 crore by next year as part of the group’s plan to add seven new properties across the country by 2012-13. The company will spend the amount for its upcoming hotels in Delhi and Chennai, which will be ready for inauguration in 2009.


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