Forex reserves up $127 m

MUMBAI, AUG. 11. India's foreign currency reserves have further swelled by $127 million to $ 43,809 million due to fresh inflows for the week ended August 3.The foreign currency assets increased by $ 154 million to $ 41,029 million in the reporting week, according to the Reserve Bank of India's weekly statistical supplement.

Gold reserves declined to $ 2,771 million, a fall of $ 27 million, while special drawing rights remained static at $ 9 million, RBI said.

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

Loans and advances by RBI to the Central Government increased by Rs. 10,617 crores in the week ended August 3 to Rs. 15,332 crores while that to the state governments rose by Rs. 566 crores to Rs. 3,779 crores, the apex bank added.Aggregate deposits in case of scheduled commercial banks rose to Rs. 10,21,779 crores, up by Rs. 5,917 crores (0.6 per cent), for the fortnight ended July 27.

- PTI

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