News APP

NewsApp (Free)

Read news as it happens
Download NewsApp
Home  » Business » Forex reserves up $71 million at $75.354 billion

Forex reserves up $71 million at $75.354 billion

Source: PTI
March 01, 2003 16:52 IST
Get Rediff News in your Inbox:

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 weekly statistical supplement released in Mumbai 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.

Get Rediff News in your Inbox:
Source: PTI© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
 

Moneywiz Live!