Sunday, Dec 19, 2004
Sunday, Dec 19, 2004 |
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MUMBAI, DEC. 18. After witnessing a surge for more than three months, India's foreign exchange reserves dipped by $1.02 billion to $129.69 billion during the week ended December 10, according to the Reserve Bank of India's weekly statistical supplement released here today. Foreign currency assets declined by $1.010 billion to $123.751 billion, the RBI said. Revaluation of international currencies' assets, including the dollar, and demand for dollar from corporates and importers contributed to the decline in reserves, analysts said. These reserves, during the week ended August 27, dropped by $1.370 billion. — PTI
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