Forex reserves cross $45b mark

MUMBAI, SEPT. 8. India's foreign currency reserves have scaled a new peak by crossing the $45 billion mark during the week ended August 31. These swelled by $406 million to $45.36 billion in the reporting week, according to the Reserve Bank of India's weekly statistical supplement.

Foreign currency assets have increased to $42.54 billion, up $360 million, it said.

Gold reserves also grew by $46 million to $2,817 million while special drawing rights remained unchanged at $ 4 million, the apex bank said.

Loans and advances by RBI to the Central Government rose by Rs. 9,453 crores from a nil balance in the previous week while that to the State governments increased by Rs. 378 crores to Rs. 4,190 crores.

In the fortnight ended August 24, aggregate deposits of scheduled commercial banks rose by Rs. 5,311 crores to 10,30,139 crores.

- PTI

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Section  : Business
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