Rediffmail Money rediffGURUS BusinessEmail

Forex reserves cross $119 billion

October 09, 2004 18:17 IST
Source:PTI

Bolstered by heavy inflows, India's foreign exchange reserves rose by $515 million, crossing the $119 billion mark.

The foreign exchange reserves rose to $119.28 billion, the Reserve Bank of India said in its weekly statistical supplement released on Saturday.

The revaluation and investments by overseas funds contributed to the surge in inflows, analysts said.

The foreign currency assets were also up by $482 million to $113.78 billion, it said.

Following revaluation, gold reserves spurted by $52 million at $4.19 billion. The Special Drawing Rights remained static at $1 million, the central bank said.
Source: PTI
© Copyright 2026 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

WEB STORIES

The Meaning Of Our 8 Colours

8 Places Where Holi Is Celebrated Differently

Holi Songs You Haven't Heard

VIDEOS

NewsBusinessMoviesSportsCricketGet AheadDiscussionLabsMyPageVideosCompany Email