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Sunday, August 05, 2001

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Forex reserves up $78m

MUMBAI, AUG. 4. Foreign currency reserves have further swelled by $78 million to $43.68 billion for the week ended July 27. Foreign currency assets have increased by $73 million to $40.88 billion in the reporting week, according to Reserve Bank of India's weekly statistical supplement here.

Special drawing rights rose by $5 million to $9 million while gold reserves remained static at $2.80 billion.

The foreign currency assets expressed in U. S. dollar terms include the effect of appreciation/depreciation of non-U. S. currencies such as Euro, sterling and yen.

- PTI

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