Sunday, Jan 09, 2005
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MUMBAI, JAN. 8. India's foreign exchange reserves were up by $163 million during the week ended December 31, 2004 taking the total reserves to $131.178 billion. Foreign currency assets also grew by $115 million to touch $125.164 billion, according to the Reserve Bank of India's weekly statistical supplement. Revaluation of international currencies, including the U.S. dollar, contributed to the flow in the reserves, analysts said adding during 2004, foreign exchange reserves rose by over $30 billion. Gold reserves also increased by $42 million following revaluation and stood at $4.582 billion while Special Drawing Rights remained static at $5 million, the RBI said.
— PTI
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