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Forex reserves cross a record $81 billion
June 07, 2003 15:40 IST
India's foreign exchange reserves crossed the $81 billion mark following inflows of $513 million during the week ended May 30.
Foreign exchange reserves rose by $513 million to touch $81,329 million, according to Reserve Bank of India's weekly statistical supplement released in Mumbai on Saturday.
Foreign currency assets rose to $77.939 billion, it added.
The rise is mainly due to fresh inflows and revaluation of non-US currencies, including the Euro, against the US dollar, analysts said.
RBI said gold reserves remained static at $3.389 billion. The special drawing rights too remained static at to $1 billion.
The loans and advances to the central government grew by Rs 5,167 crore (Rs 51.67 billion) at Rs 14,021 crore (Rs 140.21 billion), while that to state governments declined by Rs 210 crore (Rs 2.10 billion) at Rs 3,822 crore (Rs 38.22 billion), RBI added.
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