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India's forex reserves at $100.049 billion
December 27, 2003 14:58 IST
India's foreign exchange reserves crossed the $100 billion mark during the week ending December 19 and stood at $100.049 million.
Record inflows, export remittances and dollar revaluation saw a further accretion of $1.09 billion for the period under review.
The foreign currency assets during the reporting period also rose by $1,090 million and stood at $96,008 million, the Reserve Bank of India said in its weekly statistical supplement released in Mumbai on Saturday.
The central bank said gold reserves and special drawing rights remained static at $4.038 billion and $3 million, respectively.
Reserve Tranche Position with the International Monetary Policy rose by $8 million at $1.241 billion.
The RTP may change, from time to time, due to India's transactions under Financial Transaction Plan with the IMF.
RBI said loans and advances for central government maintained their nil balance while that for state governments increased by Rs 1,870 crore (Rs 18.70 billion) to Rs 8,262 crore (Rs 82.62 billion).
During the fortnight ending Dec 12, aggregate deposits
with the bank rose by Rs 6,623 crore (Rs 66.23 billion or 0.5 per cent) to Rs 14,09,945 crore (Rs 14,099.45 billion), RBI said.
Food credit during this period declined by Rs 955 crore (Rs 9.55 billion) to Rs 35,507 crore (Rs 355.07 billion), while non-food credit increased by Rs 4,686 crore (Rs 46.86 billion) to Rs 7,34,861 crore (Rs 7,348.61 billion), it said.