• PAGE ONE
• INDEX
• HOME

Forex reserves up $141 m at $43.596 b

Our Bureau

MUMBAI, July 14

THE country's forex reserves have increased by $141 million to $43.596 billion for the week ended July 6, 2001 as compared to $43.455 billion in the previous week.

While foreign currency assets have increased by $159 million to $40.794 billion, gold decreased by $18 million to $2.798 billion with special drawing rights (SDRs) not registering any increase at $4 million, as on July 6.

Bank credit has increased by Rs 1,992 crore to Rs 5,18,657 crore as on June 29 and includes food credit which increased by Rs 1,542 crore to Rs 50,340 crore and non-food credit, which increased by Rs 450 crore to Rs 4,68,317 crore as on June 29.

Total accommodation provided by scheduled commercial banks to the commercial sector in the form of bank credit and investments in shares, debentures, bonds and commercial paper has declined by Rs 2,744 crore to Rs 5,45,342 crore as on June 29 from Rs 5,4 8,086 crore on March 23.

Year-on-year money supply has decreased to 16.8 per cent for the fortnight ended June 29 as against 17.9 per cent in the previous fortnight.