 | « Back to article | Print this article |
India's foreign exchange reserves grew by $297 million to $141.20 billion for the week ended April one 2005, according to Reserve Bank of India's weekly statistical supplement released in Mumbai on Saturday.
The rise is mainly due to revaluation of international currencies and increased remittances, analysts said.
The foreign currency assets were up by $173 million to $135.26 billion for the reporting week.
Gold reserves increased by $124 million to $4.5 billion while SDRs remained static at $5 million.
The country's reserve tranche position in the IMF remained static at $1.44 billion.
Loans and advances to the state government were down by Rs 636 crore (Rs 6.36 billion) to Rs 593 crore (Rs 5.93 billion) while that to the central government showed a nil balance.