| Forex Reserves at all-time high of USD 339.99 bn |
 India's foreign exchange reserves shot up to an all-time high of 339.99 billion dollar in the week ended 20th March. A RBI release said that foreign currency assets, a major part of the overall reserves, grew by 4.54 billion dollar to 314.88 billion dollar for the reporting week. In the previous week, the reserves had dropped by 2.06 billion dollar to 335.73 billion dollar. The country's gold reserves remained unchanged at 19.837 billion US Dollars for the reporting week while the special drawing rights increased by 18.2 million dollars to 3.978 billion Dollars. India’s reserve position with the International Monetary Fund, however declined by 295.8 million dollars to 1.289 billion dollars during the reporting week. |
Highlights from the local media of Afghanistan, Bangladesh, Bhutan, Maldives, Myanmar, Nepal, Pakistan and Sri Lanka June 27th, 2016 | Volume: 2 - 17/6 TOP STORIES Afghanistan Still World’s Largest Opium Producer by Far: Report Daily Outlook Afghanistan| 27 th June Afghanistan is by a long way still the world's largest opium producer, accounting for some 70 percent (3,300 tons) of global opium production, according to the United Nations World Drug Report of 2016.Myanmar is the second largest producer of the drug at 14 per cent (650 tons) of global production. According to the UN report, the total value of the illicit opiate economy in Afghanistan was $2.8 billion USD in 2014 — equivalent to 13 percent of the country's gross domestic product (GDP). Maiden joint meeting of Nepal-India EPG next week The Himalayan Times| 26 th June The first joint meeting of the Eminent Persons Group on Nepal-India Relations (EPG-NIR) would be held in Kathmandu on coming Jul...
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