Sunday, Mar 06, 2005
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MUMBAI, MARCH 5. India's foreign exchange reserves swelled by over $2.6 billion to touch $135.65 billion for the week ended February 25. The reserves grew by $2.699 billion for the period under review to touch $135.658 billion, the Reserve Bank of India's weekly statistical supplement released here today said. The past two weeks have seen accretion of over $5.5 billion to the forex kitty. Foreign currency assets during this period also rose by $2.692 billion to $129.844 billion, the RBI said. Inflows from FIIs followed by intervention by the central bank in the forex market and revaluation of international currencies contributed to the growth in reserves, analysts said. Gold and Special Drawing Rights remained static at $4.390 billion and $5 million respectively, it said. — PTI
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