Fall in foreign currency assets shaves $663m off forex kitty

The News Review:

- Fall in foreign currency assets shaves $663m off forex kitty
- Bloomberg.com: Investment Tools
- Ghana: A Letter From Accra

Fall in foreign currency assets shaves $663m off forex kitty
Economic Times – May 3, 2008
According
to figures released by the Reserve Bank of India (RBI) in its weekly statistical
supplement, total forex reserves, including gold and SDR, dipped $663 million to
touch $312. Almost, the entire dip in reserves during the
week has been on account of a decline in foreign currency assets, which fell
$660 million during the week. The reserves with the IMF dipped $3 million.

Bloomberg.com: Investment Tools
Bloomberg – May 3, 2008
This change in accounting procedure does not have any impact on the net profit for the year. Consequently to this change in the accounting policy, the profit for the year is higher by Rs.

Ghana: A Letter From Accra
AllAfrica.com – May 3, 2008
"FOUND RIFLE?: "Three armed robbers on Saturday attacked a Forex Bureau and made away with more than $30,000 and other valuable items. The armed men were wielding an AK 47 rifle. " (Three robbers, AK 47; no relation).

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