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Forex reserves up $71 million at $75.354 billion

March 01, 2003 16:52 IST

After registering an increase of $616 million in the previous week, India's foreign exchange reserves rose by $71 million at $75.354 billion during the week ended February 21.

The country's foreign exchange reserves have maintained their upward swing for the 19th consecutive week.

According to Reserve Bank of India's [ Get Quote ] weekly statistical supplement released in Mumbai [ Images ] on Saturday, the country's foreign currency assets swelled by $76 million at $71.662 billion.

While gold reserves remained static at $3.688 billion, special drawing rights declined by $5 million to $4 million in the reporting week, RBI said.

The loans and advances to Central government had a nil balance but that to state governments recorded a rise of Rs 420 crore (Rs 4.2 billion) at Rs 5,742 crore (Rs 57.42 billion) for the week ended February 21, the apex bank added.

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