Search:



The Web

Rediff








 Latest Business news on mobile: sms BIZ to 7333

Home > Business > PTI > Report


Forex reserves zoom to $110 bn

March 27, 2004 17:19 IST

Foreign exchange reserves climbed further by $ 402 million to a new record high of $109.998 billion during the week ended March 19 from $109.596 billion a week ago.

According to the Reserve Bank of India's weekly statistics report, on Saturday, the ever-increasing foreign currency assets, which surged by $ 402 million to $ 105.806 billion, contributed to the entire growth in the forex reserve. The gold reserve and the special drawing rights continued to remain unchanged at $ 4.19 billion and $2 million respectively.

The country's reserve tranche position with the International Monetary Fund also moved up by $ 14 million to $ 1.31 billion during the week.

7333: The Latest News on Your Mobile!

© Copyright 2005 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

Share your comments




Article Tools
Email this article
Top emailed links
Print this article
Write us a letter
Discuss this article



Related Stories


Forex reserves rise to $109.59bn

Forex reserves rise to $108.36bn

Forex reserves rise to $109.13bn



People Who Read This Also Read


Banks to settle in real time

275000 telecom jobs for India

IIM-C to accept fee reduction







Copyright © 2005 rediff.com India Limited. All Rights Reserved.