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Forex reserves rise by $1.04 bn

June 25, 2005 17:01 IST
Source:PTI

After registering a decline for the last two weeks, India's forex reserves increased by $1.04 billion for the week ended June 17, 2005.

The forex reserves stood at $139.57 billion, a rise of $1.04 billion, during the week under review, according to Reserve Bank of India's weekly statistical supplement released on Saturday.

The foreign currency assets also registered a rise of $1.046 billion to $133.61 billion for the reporting week.

The rise in the inflows is mainly due to revaluation of international currencies including the US dollar, analysts said.

Gold reserves and special drawing rights remained static at $4.38 billion and $4 million respectively.

The country's reserve tranche position dropped by $6 million to $1.57 billion, it said.

Loans and advances to the state government was pegged at Rs 4,256 crore (Rs 42.56 billion) while that to the central government showed a nil balance.
Source: PTI
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