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Forex reserves rise to $86.25 billion

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September 06, 2003 15:00 IST

India's foreign exchange reserves rose by $692 million at $86,255 million during the week ended August 29.

The foreign currency assets increased by $692 million at $82,624 million in the period under review, according to the Reserve Bank of India's weekly statistical supplement released in Mumbai on Saturday.

Gold reserves remained unchanged at $3,628 million and special drawing rights also remained unchanged at $3 million, it said.

In the week ended August 30, loans to the state government were down by Rs 1,305 crore (Rs 13.05 billion) at Rs 3,974 crore (Rs 39.74 billion) while that to the central government showed a nil balance, RBI added.

Aggregate deposits during the fortnight ending August 22 rose by Rs 6,035 crore (Rs 60.35 billion) to Rs 13,62,281 crore (Rs 13,622.81 billion), it said.    

Food credit during this period declined by Rs 1,969 crore (Rs 19.69 billion) at Rs 41,283 crore (Rs 412.83 billion), while non-food credit increased by Rs 538 crore (Rs 5.38 billion) at Rs 6,85,962 crore (Rs 6,859.62 billion), the RBI added.

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