Sunday, Jun 12, 2005
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MUMBAI: Hit by the revaluation of international currencies, India's foreign exchange reserves dipped by a steep $1.16 billion for the week ended June 3 at $138.661 billion, according to the Reserve Bank of India's weekly statistical supplement released here on Saturday. Foreign exchange reserves had increased by $175 million during the week ended May 27, after registering a decline in the previous four weeks. Foreign currency assets also took a hit, falling by $1.218 billion to $132.730 billion for the reporting week. Gold reserves fell by $67 million to $4.376 billion while Special Drawing Rights (SDRs) remained static at $4 million. The country's reserve tranche position rose by $117 million to $1.551 billion, it said. Loans and advances to the State governments decreased by Rs. 712 crore to Rs. 183 crore. — PTI
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