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Forex reserves at $100.49 b

MUMBAI DEC. 27. India's foreign exchange reserves crossed the $100 billion mark during the week ended December 19 and stood at $100.049 billion.

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 $96.01 billion, the Reserve Bank of India said in its weekly statistical supplement released here today.

The Reserve Tranche Position (RTP) with the International Monetary Policy rose by $8 million at $1,241 million.

During the fortnight ended December 12, aggregate deposits with the banks rose by Rs. 6,623 crores (0.5 per cent) to Rs. 14,09,945 crores, RBI said.

Food credit during this period declined by Rs. 955 crores to Rs. 35,507 crores, it said. — PTI

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