In the previous week, the reserves had increased by USD 441 million to reach USD 448.249 billion

Popular jewellery sales promotion schemes have come under scrutiny, following two well-known jewellers in Mumbai allegedly duped investors of several crores of rupees

Electric vehicles exempted from Delhi's odd-even scheme; India holds the 10th largest gold reserves in the world; McDonald's dismisses CEO over consensual relationship with employee and more news on News Blast.

McDonald's dismisses CEO over consensual relationship with employeeMcDonald's Corp dismissed Chief Executive Steve Easterbrook over a recent consensual relationship with an employee, which the board determined violated company policy, the fast-food giant said on Sunday. The board found that Easterbrook, 52, who had led McDonald's since 2015, had \"demonstrated poor judgment\" involving the relationship, McDonald's said in a news release. Easterbrook relinquished his seat on the co...

As per the World Gold Council's data, India has 618.2 tonnes of gold as holdings, which is 6.9 per cent of the share held in gold in total foreign reserves

For the week under review, foreign currency assets, which are the biggest part of the reserves, increased by USD 1.642 billion to USD 410.453 billion, as per the data.

Data in weekly statistical supplement (WSS) by RBI had suggested that since July, the beginning of its business year, the apex bank had bought gold worth $5.1 billion and sold around $1.15 billion

While announcing fourth bi-monthly monetary policy, the RBI Governor Shaktikanta Das said as of October 1 the forex kitty peaked to the record high.

The overall reserves had declined by USD 649 million to USD 428.960 billion in the previous reporting week. They had touched a life-time high of USD 430.572 billion in August this year.

While equity market losses have not been large, shaky investor confidence continued to support safe-haven assets. Gold edged higher and Treasury prices rose on Tuesday

Expressed in US dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and the yen held in the foreign exchange reserves