Forex kittyMumbai, Sept. 17: India's foreign exchange reserves rose $3.51 billion to hit a new life-time peak of $371.28 billion in the week to September 9, RBI data said. This indicates that new RBI governor Urjit Patel is continuing with his predecessor Raghuram Rajan's policy of building up the reserves. During Rajan's tenure, the RBI added $92 billion to the kitty. Foreign currency assets rose $3.51 billion to $345.75 billion in the week. Overseas fundMumbai, Sept. 17: Indian firms' overseas direct investment fell 84 per cent to $0.39 billion in August from $2.47 billion a year ago, RBI data said.

Source: The Telegraph September 17, 2016 18:24 UTC