Forex reserves halt downslide
Mumbai: After dipping by over $500 million in the previous week, the forex reserves of the country have climbed by $671 million to touch $120.078 billion, up from $119.407 billion for the week ended July 2.

The accretion in the reserves is primarily on account of foreign currency assets, which increased by $589 million to $114.718 billion. The gold position of the central bank increased by $83 million to $4.057 billion in the week, according to the RBI's latest statistics. About Rs 67,000 crore is still parked in repos by banks with the RBI during the week ended July 2.
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SBI launches mobile ATM
Mumbai: The State Bank of India has launched its first mobile ATM in Goa. SBI plans to introduce five mobile ATM vans this year.
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