Sunday, Jan 23, 2005
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MUMBAI, JAN. 22. India's foreign exchange reserve rose by $266 million during the week ending January 14, after a drop over $2 billion a week earlier. The increase, mainly due to revaluation of international currencies, led the foreign exchange reserves grow to $129.378 billion for the period under review, the Reserve Bank of India said in its weekly statistical supplement. Last week, these reserves were down by $2.066 billion, driven largely by revaluation of international currencies. Foreign currency assets during the week also grew by $252 million to touch $123.374 billion, the RBI said. Gold reserves and Special Drawing Rights remained static at $4.582 billion and $5 million respectively, the RBI said. India's Reserve Tranche Position (RTP) with International Monetary Fund (IMF) grew by $14 million to reach $1.417 billion, it said. Loans and advances to State governments were down by Rs. 189 crores to Rs. 1,651 crores while that to the Centre showed a nil balance. During the fortnight ending January 7, aggregate deposits with the banks grew by Rs. 33,158 crores to Rs. 16,55.738 crores, the RBI said.. — PTI
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