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Forex reserves up $461 mn at $70.75 bn
January 11, 2003 14:05 IST
Fresh inflows, export remittances and revaluation of the euro vis-a-vis the US dollar have further pushed up India's foreign exchange reserves closer to the $71 billion mark during the week ended January 3.
The country's foreign exchange reserves rose by $461 million at $71.75 billion in the period under review, according to Reserve Bank of India's weekly statistical supplement released in Mumbai on Saturday.
The foreign currency assets increased by $320 million at $67.30 billion while gold reserves swelled by $141 million, due to revaluation, at $3.44 billion, the RBI said.
Special drawing rights, however, remained unchanged at $7 million.
Loans and advances to central government showed a nil balance while that to state governments increased by Rs 1,161 crore (Rs 11.61 billion) to Rs 6,560 crore (Rs 65.6 billion).
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