India's foreign exchange reserves surge by 42 mn USD
Dated 8/10/2005
Printer Friendly
Subscribe
The Reserve Bank of India's weekly statistical supplement on Foreign Exchange reserves has revealed that country's foreign reserves have registered an increase of 42 million US dollar during the week-ended 30th September, 2005.
The total reserves on 30th September were 1,43,059 USD.
Foreign currency assets decreased by 128 million USD to stand at 1,36,920 million USD, RBI said.
The fall in inflows is primarily due to revaluation of non-US foreign currencies such as Euro, Sterling and Yen, analysts said.
Gold reserves increased by 177 million USD to 4,712 million USD, while Special Drawing Rights (SDRs) remained static at four million USD.
The country's reserve tranche position decreased by seven million USD to 1,423 million USD, it said.
Loans to the state government remained static at Rs 111 crore while loans to the central government showed nil balance, it said.
