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Forex Kitty Increases for the Second Week in a Row, Gaining $1.73 Billion to $573.7 Billion

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Based on the most recent RBI data, India’s foreign exchange reserves climbed by $1.727 billion to $573.727 billion during the week ending January 20. This is the second time this season that the pot has increased, following the $10.417 billion increase to $ 572 billion the week before.

The nation’s foreign exchange reserves hit an all-time peak of $645 billion in October 2021. The holdings have been dropping as the reserve bank uses its funds to safeguard the rupee against pressures mostly brought on by international events. The reserves had increased by $14.721 billion over a week in October 2022.

By the Weekly Statistical Supplement provided by the RBI on Friday, the foreign cash assets, a significant part of the reservoirs, climbed by $839 million to $506.358 billion over the recording week. The value of the increases or decreases of non-US currencies like the euro, pound, and yen kept in forex reserves is included in the foreign currency assets, presented in dollar terms.

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According to the RBI, the value of gold increased further, rising by $821 million to $43.712 billion. According to the central bank, the Special Drawing Rights (SDRs) increased by $68 million to $18.432 billion. According to data from the apex bank, the nation’s reserve status with the IMF decreased by $1 million to $5.226 billion during the assessment week.

Reason for Rupee Depreciation

Due to the RBI’s involvement in the major currencies to reduce volatility and support the rupee, the currency exchange reserves decreased in 2022. Nirmala Sitharaman, the Union finance minister, had earlier stated in the Lok Sabha that the RBI had liquidated $33.42 billion in net assets through September. The rise of the dollar, shareholders’ risk aversion, and the expansion of geopolitical threats as a result of the Ukraine conflict were the main causes of the rupee’s depreciation in 2022.

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Subhashree Panda: A proficient content writer, editor, and researcher. With 4 years of experience and an MBA in finance, she crafts compelling narratives on global events. Her passion for diverse journalism genres resonates widely, fostering broad audience connections.

Net Worth

George T. Conway Net Worth 2024: How Much is the American Lawyer Worth?

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George T. Conway Net Worth 2024: How Much is the American Lawyer Worth?

Who is George T. Conway?

George T. Conway, also known as George Thomas Conway III, is a distinguished American lawyer and political activist. Born on September 2, 1963, in Boston, Massachusetts, Conway is renowned for his legal expertise and vocal opposition to former President Donald Trump’s administration.

George T. Conway Career

Conway’s legal career is illustrious, marked by significant contributions to various fields such as securities, mergers and acquisitions, contracts, and antitrust issues. He began his career as a law clerk at the US Court of Appeals and later joined prestigious law firms, including Wachtell, Lipton, Rosen, and Katz. Notable cases include representing Paula Jones in a trial against President Bill Clinton and securing a victory against the National Australia Bank. Furthermore, Conway has been actively involved in political activism, co-founding groups like Checks and Balances and the Lincoln Project, which oppose Trumpism and advocate for democratic principles.

George T. Conway Net Worth

As of 2024, according to Celebrity Net Worth, George T. Conway’s net worth is estimated to be approximately $39 million. His wealth primarily stems from his successful legal career, where he has handled high-stakes cases and served as a partner in prestigious law firms. Additionally, Conway’s involvement in political activism, public speaking engagements, and media appearances contribute to his financial status.

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George T. Conway Age

Born on September 2, 1963, George T. Conway is currently 60 years old as of 2024.

George T. Conway Family: Wife and Children

George T. Conway was previously married to Kellyanne Fitzpatrick Conway, a prominent political consultant and former White House counselor. The couple has four children: Claudia, Vanessa, Charlotte, and George Jr. Their marriage ended in separation in 2023.

George T. Conway Height and Weight

George T. Conway stands at 5 feet 7 inches tall and weighs around 84 kg. He possesses a charming personality with black hair and captivating black eyes.

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Also Read: Robert Kraft Net Worth 2024: How Much is the CEO of the New England Patriots Worth?

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Grindr, LGBTQ+ Dating App, Faces Lawsuit in UK Over Alleged Sharing of Users’ HIV Status

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Gay dating app Grindr has been slapped with a lawsuit instituted by hundreds of its users. The lawsuit alleges that the app shared private information, including the HIV status of users, with third parties without consent. Filed in London’s High Court, the lawsuit, according to Austen Hays from the law firm representing the plaintiffs, suggests that thousands of Grindr users in the United Kingdom may have been affected.

The law firm claims that Grindr shared highly sensitive user information with third parties for commercial purposes, including HIV status. Grindr, the largest dating app catering specifically to the LGBT community, is accused of sharing data with data analytics companies Apptimize and Locally.

The lawsuit further alleges that the app used covert tracking technology to gather sensitive information, which was then unlawfully shared with advertisers. With over 13 million monthly users and more than 924,000 users reported in the UK as of May 2023, Grindr boasts the highest engagement among dating apps, with users spending an average of six hours and 49 minutes on the app per month.

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A spokesman for the gay dating app stated that they would “respond vigorously to this claim, which appears to be based on a mischaracterization of practices from more than four years ago.”

The lawsuit, signed by more than 670 respondents, claims that the breach occurred between 2018 and 2020. It is anticipated that more people could join the case, potentially numbering in the thousands. If successful, plaintiffs could receive thousands of pounds in damages.

The managing director of the law firm representing the plaintiffs, Chaya Hanoomanjee, stated, “Grindr owes it to the LGBTQ+ community it serves to compensate those whose data has been compromised and have suffered distress as a result. The company must ensure all its users are safe while using the app, wherever they are, without fear that their data might be shared with third parties.”

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Grindr’s spokesperson reiterated the company’s commitment to protecting user data, asserting that they have robust processes in place that fully comply with data privacy regulations in the UK and elsewhere.

Also Read: Johnson Controls subsidiary Tyco Fire Products to pay $750 mn to settle ‘forever chemicals’ lawsuit

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Net Worth

Scott Galloway Net Worth 2024: How Much is the Business Professional Worth?

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Scott Galloway Net Worth 2024: How Much is the Business Professional Worth?

Who is Scott Galloway?

Scott Galloway is a prominent figure in the American business landscape, renowned for his multifaceted career as a professor, author, entrepreneur, podcast host, and public speaker. He is best known for his role as a marketing professor at the New York University Stern School of Business.

Scott Galloway Career

After completing his MBA at UC Berkeley’s Haas School of Business, Galloway founded Prophet, a successful brand and marketing consulting firm. He later ventured into e-commerce with the founding of Red Envelope in 1997. His entrepreneurial ventures have been influential in shaping the digital landscape, with Red Envelope being an early player in the e-commerce industry.

Scott Galloway’s Net Worth

As of 2024, according to Celebrity Net Worth, Scott Galloway’s net worth is estimated to be around $40 million. His income streams include teaching, writing books, hosting podcasts, and various business ventures. Galloway’s expertise in marketing and technology has contributed significantly to his financial success.

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Scott Galloway Age

Born on November 3, 1964, Scott Galloway is currently 58 years old as of 2023.

Scott Galloway Family: Wife and Children

Scott Galloway is married to his wife, Kimberly Galloway. They share a life filled with love and support, although details about their relationship are not extensively publicized. Together, they have two sons.

Scott Galloway Height and Weight

Information regarding Scott Galloway’s height and weight is not readily available.

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Also Read: Jon Bon Jovi Net Worth 2024: How Much is the American singer-songwriter and guitarist Worth?

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