Forex reserves• Mumbai, Aug. 26: After touching a record high, foreign exchange reserves declined marginally by $211 million to $393.40 billion in the week ended August 18 because of a fall in foreign currency assets, the RBI data showed. In the previous week, the reserves had touched an all-time high of $393.61 billion after they had increased by $163.8 million. The foreign currency assets (FCAs), a major component of the overall reserves, decreased $208 million to $369.69 billion, the data showed. SAIL hope• New Delhi, Aug. 26: State-owned SAIL today said its IISCO Steel Plant in Burnpur will help the PSU's long product market share to rise to 10 per cent from 7 per cent at present. Andrew Yule• Calcutta, Aug. 26: Debasis Jana has been appointed chairman and managing director of Andrew Yule & Company.

Source: The Telegraph August 26, 2017 18:20 UTC