Business
India’s forex reserves fall $4.5 billion, worst weekly drop in a year
The country’s foreign exchange reserves fell sharply in the week to January 28, 2022, due to the revaluation of foreign exchange assets.
According to the latest data from the Reserve Bank of India (RBI), total reserves fell by $4.5 billion this week, mainly due to a drop of $3.5 billion in foreign currency assets. Gold reserves fell by 844 million in a week. The Reserve Bank of India held 743.84 metric tons of gold at the end of September 2021. The Bank of England and the Bank for International Settlements (BIS) held 451.54 tonnes of gold overseas and 292.3 tonnes domestically.
It was the biggest drop since foreign reserves fell by $6.2 billion in the week ended Feb. 5, 2021.
Total reserves stood at $629.8 billion as of the reporting weekend. For the week ended September 3, 2021, foreign exchange reserves reached a level of $642.45 billion, down nearly $12 billion from an all-time high.
While both the US dollar and the euro are intervention currencies and foreign currency assets (FCAs) are maintained in the major currencies, foreign exchange reserves are denominated and expressed in US dollars. Changes in FCA are mainly due to changes in foreign exchange buying and selling by the Reserve Bank of India, revenue from foreign exchange reserves deployment, external aid revenue from the central government, and revaluation of assets.
According to the Reserve Bank of India, foreign exchange reserves rose steadily between March and September last year. However, there has been a decline since then.
With crude prices above $90 a barrel, the rupee is under pressure as higher oil prices will mean bigger import bills. The Reserve Bank of India intervenes in currency markets to reduce volatility.
India imports more than 80% of its crude oil needs. Economists estimate that a 10% increase in oil prices would increase the current account deficit by $15 billion.
India’s crude oil imports rose 119.2% year-on-year to $118.3 billion in April-December 2021, up from $54 billion in the same period in FY21. At this rate, India’s oil import bill is expected to be around $158 billion in FY22, just one notch below the all-time high of $165 billion in FY2014.
Complete News Source : Business Standard
Lifestyle
10 best activities hacks for the better lifestyle for Business Managers.
Table of Contents
Business managers, known for their dynamic and demanding roles, are now adopting innovative activity hacks to improve their lifestyle and well-being. Recognizing the importance of work-life balance and personal wellness, these leaders are implementing a range of activities to foster physical health, mental clarity, and overall satisfaction in their professional and personal lives.
Mindfulness at Work lifestyle
Business managers are incorporating mindfulness practices, such as meditation and deep breathing exercises, into their daily routines to reduce stress and increase focus in high-pressure situations.
Regular Exercise Breaks
Amid tight schedules, managers are embracing short exercise breaks, such as brisk walks or stretching exercises, to stay active throughout the day and boost their energy levels.
Nutrition and Healthy Eating
Prioritizing their well-being, managers are adopting healthier eating habits, including nutritious snacks and well-balanced meals, to sustain their energy during demanding workdays.
Time Management Workshops
Business managers are attending time management workshops to enhance their organizational skills, enabling them to efficiently juggle multiple responsibilities and achieve better work-life integration.
Skill Development Seminars
Recognizing the value of continual growth, managers are attending skill development seminars to stay updated on industry trends and enhance their leadership abilities.
Flexible Work Arrangements
Some forward-thinking companies are offering flexible work arrangements to business managers, providing the freedom to create a more harmonious work-life balance.
Social Engagement
Building a sense of camaraderie, managers are engaging in team-building activities and networking events to foster positive relationships within their professional circles.
Unplugging from Technology: In a digital era, managers are prioritizing personal time by unplugging from technology during non-working hours, allowing for genuine relaxation and recharging.
Pursuing Hobbies and Interests
Managers are rediscovering their passions outside of work, be it painting, gardening, or playing a musical instrument, to unwind and find fulfillment beyond their professional roles.
Encouraging Employee Wellness
Some managers are also promoting wellness initiatives within their teams, encouraging their employees to embrace similar activity hacks and lead healthier lives.
Group Media Publications
Entertainment News Platforms – anyflix.in
Construction Infrastructure and Mining News Platform – https://cimreviews.com/
General News Platform – https://ihtlive.com/
Podcast Platforms – https://anyfm.in
-
Bollywood2 months ago
Aishwarya Rai maintains her stunning appearance in a new L’Oreal ad.
-
health and remedies2 months ago
The article discusses the potential health risks associated with swallowing dry ice
-
Music1 month ago
Sidhu Moosewala’s father and baby brother feature on Times Square billboard; fans react. Watch
-
Bollywood4 weeks ago
Rasha, the daughter of Raveena Tandon, discusses how trolling affects her: “I think in processing it, feeling bad for a bit.”
-
Bollywood1 month ago
The phrase “female-led projects” annoys Bhumi Pednekar. “It disgusts me deeply.”
-
Bollywood2 months ago
For this explosive advertisement, Aamir Khan and Darsheel Safary reconnect 16 years after Taare Zameen Par
-
Hollywood2 months ago
Ori, Gal Gadot’s fourth daughter, is welcomed into the world. “Being pregnant wasn’t easy,”
-
Entertainment2 months ago
Each of Vijay and Kamal Haasan donates ₹1 crore to the construction of Nadigar Sangam