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Forex reserves fall by $1.2 bn to $143 bn

October 01, 2005 13:29 IST
Source:PTI

India's foreign exchange reserves fell by $1.2 billion during the week-ended September 23, 2005.

The reserves stood at $143.02 billion, a fall of $1.2 billion, according to Reserve Bank of India's weekly statistical supplement released on Saturday.

Foreign currency assets also decreased by $1.19 billion to stand at $1370 5 billion, 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 and Special Drawing Rights remained static at $4,535 million and $4 million respectively, it said.

The country's reserve tranche position decreased by $10 million to 1,430 million, it said.

Loans to the state government decreased by Rs 2,621 crore (Rs 26.21 billion) to Rs 111 crore (Rs 1.11 billion) while loans to the central government showed nil balance, it said.
Source: PTI
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