Foreign-exchange reserves spurt $36m to $30 billion
The country's forex reserves rose by $36 million during the week ended November 6, 1998 to touch $29.71 billion. The rise is mainly on account of the increase in gold reserves which went up by $78 million during the same week to touch $3.06 billion.

US action "coercive": Delhi
Delhi on Saturday termed as "coercive" and "counter-productive" the US action subjecting over 200 indian companies to export restrictions and said "such steps are unhelpful" in improvement of bilateral ties.

CII condemns "entity list"
The Confederation of Indian Industry (CII) has strongly condemned the USA for issuing an "entity list" of public and private sector companies as well as research institutions that any US company doing business with, would first need to go through a US licensing procedure.

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