Forex reserves up $149m

MUMBAI, OCT. 20. India's foreign currency reserves again crossed the $45 billion mark with fresh inflows of $149 million at $45.13 billion for the week ended October 12, 2001.

Foreign currency assets rose by $149 million to $42.20 billion in the reporting week, according to the Reserve Bank of India's weekly statistical supplement.

The reserves had earlier touched $45 billion mark in the week ended August 31.

Gold reserves remained static at $2,925 million and special drawing rights at $4 million, the apex bank said.

For the fortnight ended October 5, aggregate deposits of scheduled commercial banks rose by Rs. 12,028 crores (1.2 per cent) to Rs. 10,50,513 crores.

Bank credit increased by Rs. 13,183 crores (2.5 per cent) to Rs. 542,538 crores. Food credit was also up by Rs. 1,941 crores at Rs. 50,202 crores and non-food credit by Rs. 11,242 crores at Rs. 492,337 crores.

Loans and advances by RBI to the Central Government declined by Rs. 140 crores to Rs. 7,110 crores and that to State governments by Rs. 1,831 crores to Rs. 4,713 crores, the RBI said.

- PTI

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