Sunday, Apr 10, 2005
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MUMBAI, APRIL 9. India's foreign exchange reserves grew by $297 million to $141.20 billion for the week ended April 1, 2005. These reserves now stand at $141.204 billion, an increase of $297 million over the previous week's reserves of $140.907 billion, according to the Reserve Bank of India's weekly statistical supplement released here today. The rise is mainly due to revaluation of international currencies and increased remittances, analysts said. Foreign currency assets were up $173 million at $135.262 billion for the reporting week. Gold reserves increased by $124 million to $4.500 billion while Special Drawing Rights remained static at $5 million. The country's reserve tranche position in the International Monetary Fund remained static at $1.437 billion. Loans and advances to the State governments were down by Rs. 636 crores to Rs. 593 crores while that to the Centre showed a nil balance, the release added
— PTI
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