Forex reserves at $41.98 b

By Our Corporate Reporter

MUMBAI, MARCH 10. Foreign currency reserves have risen by $204 million in the week ended March 2 to $41.98 billion. Foreign currency assets were up by $244 million at $39.27 billion, according to the Reserve Bank of India's weekly statistical supplement issued here today. Gold reserves have declined by $40 million to $2.71 billion, while special drawing rights (SDRs) remained static at $ 1 million.

The increase in foreign currency assets since December 2000 was $2 billion. Gold holdings have declined by $100 million and SDRs by 1 million.

The growth in total reserves on a year-on-year basis was $5.97 billion with an increase in foreign currency assets by $6.37 billion and a drop in gold and SDR holdings by $393 million and $3 million respectively.

Send this article to Friends by E-Mail

Section  : Business
Previous : A merger that worked
Next     : BoM, ICICI Bank merger comes into effect