Forex reserves up by $ 628 million
Mumbai: India's foreign exchange reserves inched closer towards the $49 billion mark following a quantum jump of $ 628 million during the week ended 11 January 11.

The foreign exchange reserves rose to a record high of $ 48,927 million compared to $ 48,299 in the previous week. Fresh inflows by FIIs, foreign direct investment and repatriation of export earnings have helped boost the reserves.

Foreign currency assets have crossed $ 46 billion with a rise of $ 628 million to end the second week of the new calendar year at $ 46,066 million.

Gold reserves and special drawing rights remained static at $ 2,856 million and $ five million respectively.
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Auto Expo gets orders worth $2,18,000
New Delhi: The sixth Auto Expo has generated export orders worth $2,18,000.

During the first five days of the automotive fair, 1,061 enquiries were received, which was likely to materialise into orders worth $7,42,000 in the near future, a Confederation of Indian Industry release said.

Domestic orders are to the tune of Rs 3.5 crore and an additional Rs 1.25 crore worth orders are likely to be bagged by the participants soon.

In the initial five days, four joint venture agreements have also been signed, out of which three are for technical collaborations and the fourth one entails financial agreement.
About 20,000 registered business visitors and one lakh general visitors had been thronging the Auto Expo each day.
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