Forex reserves recover

MUMBAI, JULY 8. India's foreign exchange reserves rose by $ 260 million to $36,730 million after a ten weeks decline, for the week ended June 30, compared to the previous week.

The rise in reserves was on account of an increase in foreign currency assets by $163 million in the reporting week to $33,774 million compared to previous week, as per the Reserve Bank of India's weekly statistical supplement.

Gold reserves rose by $97 million to $2,948 million in the same period while special drawing rights (SDRs) remained static at $8 million.The foreign currency assets expressed in dollar terms takes into account the effect of appreciation/depreciation of non-U.S. currencies such as euro, sterling and yen held in the reserves.

Loans and advances from the RBI to the Centre rose by Rs.1,809 crores to Rs. 5,298 crores during the week ended June 30 while that to the State Governments declined by Rs. 1,111 crores to Rs. 2,387 crores during the week ended June 30 over the previous week.

- PTI

Send this article to Friends by E-Mail

Section  : Business
Previous : 'Demand supply mismatch may exert pressure on
           rupee'
Next     : RBI considering exclusive LAF auction for PDs