The Telegraph
Since 1st March, 1999
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Business Briefs

Forex kitty

Mumbai, Sept. 22: India’s foreign exchange reserves increased by $1.81 billion to $232.18 billion for the week ended September 14. The reserves had increased by $1.53 billion to $230.37 billion a week ago. Foreign currency assets increased by $1.80 billion to $224.87 billion against $223.06 billion in the previous week. Foreign currency assets expressed in dollar included the effect of appreciation or depreciation of currencies such as the euro, pound sterling and yen.

WTO talks

New York, Sept. 22: Commerce minister Kamal Nath rejected the suggestion that India was taking a difficult stand at the WTO talks. He said the government only wanted a multilateral trading system that corrected the structural flaws in global trade rather than perpetuate them.

ONGC Videsh

New Delhi, Sept. 22: ONGC Videsh has won three offshore exploration blocks in Myanmar, contracts for which will be signed tomorrow. Petroleum minister Murli Deora is visiting Myanmar to attend signing ceremony.

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