The News Review:

- Forex reserves up $2b despite FII pullout
- FOREX: Ringgit To Be Higher Next Week, Breaking New Record High
- Forex allocations come under one allowance

Forex reserves up $2b despite FII pullout
Economic Times – Feb 23, 2008
Though FIIs have been selling, the rise in forex inflows has
been due to direct investments in sectors like real estate, external borrowings
and remittances. According to
the latest figures released by RBI on Friday, total foreign exchange reserves,
including gold and SDRs, rose by $2. 05 billion during the week ended February 15
to touch $292.

FOREX: Ringgit To Be Higher Next Week, Breaking New Record High
Bernama – Feb 23, 2008
dollar and expectations of increase in foreign funds. The ringgit closed at a new high of 3. 21, against the U.
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Forex allocations come under one allowance
Personal Finance – Feb 23, 2008
What you don’t use in any one year cannot be carried forward to the next. Prior to this, there were different allowances for travel, foreign maintenance, gifts and donations. Alick Bruce-Brand, the head of Exchange Control at the South African Reserve Bank, says you will still have to apply through an authorised dealer for foreign exchange for your foreign holiday. Other regulations, such as re-selling unused currency from your trip, still apply.