Moody's and Fitch credit rating agencies both downgraded Laos' sovereign ratings last year in response to the nominally communist country's escalating public debt, declining foreign exchange reserves
India is not using currency to gain unfair advantage
The Reserve Bank of India (RBI) remained a net purchaser of the US currency in October as it bought $15.64 billion from the spot market
Gold reserves were up by $13 million to $34.743 billion, as per the data
In the previous week, the reserves had increased by USD 943 million to USD 462.16 billion
RBI was a modest player in buying gold abroad compared to other major central banks, adding to its reserve in October after a gap of five months
Foreign currency assets stood at $344.07 bn, gold at $21.64 bn, special drawing rights at $1.49 bn and the reserve position in IMF at $2.39 bn