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Forex reserves up at $117.57 billion

September 11, 2004 13:47 IST

India's foreign exchange reserves showed a marginal rise of $54 million during the week ended September 3 after witnessing a sharp decline of $1.370 billion in the previous week.

The foreign exchange reserves increased by $54 million to $117.576 billion, the Reserve Bank of India said.

The foreign currency assets, during the period, also rose by $35 million to $112.136 billion, the RBI said in its weekly statistical supplement released on Saturday.

Following revaluation, gold reserves went up by $17 million to $4.140 billion, while Special Drawing Rights remained static at $1 million, the central bank said.

India's Reserve Tranche Position with International Monetary Fund grew by $2 million and stood at $1.299 billion, it said.

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