Forex reserves cross $44 b

MUMBAI, AUG. 18. Foreign currency reserves further went up by $326 million to $44.14 billion due to fresh inflows for the week ended August 10.

The foreign currency assets have increased by $326 million to $41.36 billion in the reporting week, according to the Reserve Bank of India's weekly statistical supplement here.

Gold reserves stood at $2.78 billion, same level as pervious week, and special drawing rights also remained unchanged at $9 million.

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

Loans and advances by RBI to Central government decreased by Rs. 6,510 crores in the week ended August 10 to Rs. 8,822 crores while that to the state governments rose by Rs. 1,289 crores to Rs. 5,068 crores, the apex bank added.

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Section  : Business
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