Spike in forex reserves

• NEW DELHI: The country's foreign exchange reserves surged $1.76 billion to a new high of $411.12 billion in the week ended January 5. In the previous week, foreign exchange reserves had jumped $4.44 billion to a fresh peak of $409.37 billion. The reserves had crossed the $400-billion mark for the first time in the week ended September 8, 2017, but had since been fluctuating. In the reporting week, foreign currency assets rose $2.04 billion to $387.15 billion. PTI

Mints at work

CALCUTTA: The government has gone back on its decision to halt the production of coins entirely and has asked all the four mints in the country to restart production, although at a slower pace, industry sources said. PTI

Refinery capacity

BHUBANESWAR: India needs investment worth $300 billion in the next 10 years to double its oil refining capacity, petroleum minister Dharmendra Pradhan said on Saturday. "Oil refining capacity stands at over 247 million tonnes now and demand for petro products will touch 600 million tonnes by 2040," Pradhan said. PTI