India's Forex Reserves Hit New High, Trump Ends US-Canada Trade Talks Over Reagan Ad
India's foreign exchange reserves have reached a new high, crossing the $702 billion mark, primarily due to increased gold holdings. Meanwhile, US President Donald Trump has abruptly ended US-Canada trade talks following a controversy surrounding a TV advertisement featuring former US President Ronald Reagan.
The Indian reserves have seen a significant boost, with gold holdings playing a substantial role in this growth. Meanwhile, the US-Canada trade talks have been terminated after Trump accused Canada of cheating. The controversy stems from a TV ad produced by the Ontario government, which used an edited version of Ronald Reagan's 1987 radio address without permission. The ad, which cost $75,000 to produce, sparked a diplomatic row, leading to Trump's decision to end the talks.
In other news, precious metal rates have dipped as the festive season winds down. An IT company has announced a second dividend after a stock split in its Q2 results. The Reserve Bank of India has also released a draft circular outlining capital market exposure for commercial banks.
India's foreign exchange reserves continue to grow, with gold holdings being a significant driver. However, the US-Canada trade talks have been suspended due to a controversial TV ad featuring Ronald Reagan. As the festive season ends, silver and gold rates have fallen. An IT company has announced a second dividend, and the RBI has released a draft circular on capital market exposure for commercial banks.
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