Home > Business > PTI > Report

Forex reserves up at $118.57 bn

May 15, 2004 13:33 IST

India's foreign exchange reserves rose further by $89 million to reach $118.57 billion for the week ended May 7.

The country's foreign currency assets increased by $84 million to $113.09 billion during the period under review, according to Reserve Bank of India's weekly statistical supplement issued in Mumbai on Saturday.

Gold reserves and special drawing rights remained static at $4.191 billion and $2 million respectively.

India's Reserve Tranche Position with the International Monetary Fund increased by $5 million to $1.291 billion, the central bank added.

Loans and advances to the central government showed a nil balance while that to the state governments declined by Rs 2,382 crore (Rs 23.82 billion).

Article Tools
Email this article
Top emailed links
Print this article
Write us a letter
Discuss this article



Related Stories


Forex reserves zoom past $116 bn

Forex reserves up $287mn









© Copyright 2004 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.











Copyright © 2004 rediff.com India Limited. All Rights Reserved.