Sunday, Apr 17, 2005
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MUMBAI: India's foreign exchange reserves grew marginally by $253 million to $141.45 billion for the week ended April 8, 2005. These reserves now stand at $141.457 billion, an increase of $253 million over the previous week's reserves of $141.204 billion, according to the Reserve Bank of India's weekly statistical supplement released here on Saturday. The marginal rise was mainly due to revaluation of international currencies and increased remittances, analysts said. Foreign currency assets were up $262 million at $135.524 billion for the reporting week. Gold reserves and Special Drawing Rights remained static at $4.5 billion and $5 million respectively. The reserve tranche position in the International Monetary Fund declined by $9 million to $1.428 billion.— PTI
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