Sunday, Feb 20, 2005
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MUMBAI, FEB. 19. Foreign exchange reserves grew by $1.066 billion during the week ended February 11, taking the total reserves to $129.980 billion. These reserves had fallen sharply by $806 million to $128.914 billion during the week-ended February 4 largely due to revaluation of international currencies. Foreign currency assets during this period rose by $1.070 billion to $124.177 billion, according to the Reserve Bank of India's weekly statistical supplement released here today. Gold remained static at $4.390 billion while Special Drawing Rights rose by $5 million to reach the $10 million-mark, it said. India's Reserve Tranche Position (RTP) with the International Monetary Fund (IMF) decreased by $9 million to $1.403 billion, it added. Loans and advances to the State governments rose by Rs. 350 crores to Rs. 1,103 crores. — PTI
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