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Sunday, May 13, 2001

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Forex reserves up $128 m

MUMBAI, MAY 12. Foreign currency reserves, went up again with a rise of $128 million to $42.79 billion for the week ended may 4 after last week's decline.

The foreign currency assets (FCAs) swelled to $40.08 billion, up $158 million in reporting week, according to the Reserve Bank of India's weekly statistical supplement here today.

However, gold reserves fell by $30 million to $2.70 billion, it said. The foreign currency assets expressed in dollar terms include the effect of appreciation/depreciation of non-

U. S currencies such as Euro, sterling and yen. Special drawing rights remained unchanged at $10 million.

- PTI

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