Prices of fuel at all-time high

Petrol and diesel prices on Friday rallied to their highest ever levels across the country. With a hike of 35 paise, the petrol price in Delhi and Mumbai reached Rs105.14 and Rs111.09, respectively.

MUMBAI

Forex reserves increase by $2 billion to $639.5 billion

The country’s foreign exchange reserves rose by $2.039 billion to $639.516 billion in the week ended October 8, RBI data showed. In the previous week, the reserves had dipped by $1.169 billion. The reserves had surged by $8.895 billion to a life time high of $642.453 billion on September 3. PTI

MUMBAI

SpiceJet barred from carrying dangerous goods

The DGCA has temporarily suspended SpiceJet’s licence for 30 days for the transportation of “dangerous” goods, such as lithium-ion batteries, for alleged violations. A SpiceJet spokesperson said there was a “minor issue” with a package being declared as a “non-dangerous goods” by a shipper, who has been blacklisted. pti

New Delhi

India okays 8,424 tonnes of raw sugar exports to US

The government on Friday permitted export of 8,424 tonnes of raw or white sugar under tariff-rate quota (TRQ) to the US, which enables shipments to enjoy relatively low tariff. TRQ is a quota for a volume of exports that enter the US at relatively low tariffs. pti