Forex reserves cross USD 440 billion mark, up by USD 1.04 billion

The value of the gold reserves increased by USD 82 million to USD 26.861 billion for the week, the RBI said.

US, China trade war could lower global GDP by 0.8 per cent in 2020: IMF

IMF spokesman Gerry Rice said trade tensions were beginning to affect a world economy already many facing challenges.

The currency manipulator tag has gained greater focus in the heat and dust of trade wars.

Recently, the IMF cleared a USD 6 billion bailout package to cash-strapped Pakistan to overcome economic difficulties.

Pakistan currently has a currency reserve of less than $8 billion -- enough to cover only 1.7 months of imports.

Survey indicates that livestock is the only sector whose growth went little above official target while all other sectors performed poorly.

The G20 meetings provide a forum for key countries in international financial system to discuss major international economic issues.

"The IMF looks forward to working with Prime Minister Modi's new government," IMF spokesperson Gerry Rice said.

In the previous week, the reserves had risen by USD 1.368 billion to reach USD 420.055 billion.

In the previous week, the reserves had increased by USD 171.9 million to USD 418.687 billion.