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Forex reserves cross $50 b.

MUMBAI, FEB. 23. The country's forex reserves crossed the $50 billion mark and stood at $50,208 million as on February 15, mainly due to a surge in foreign currency assets.

The RBI's weekly statistical report showed that foreign currency assets alone accounted for $437 million out of a total gain of $442 million in forex issues, while Special Drawing Right (SDR) contributed $5 million.

Total foreign currency assets stood at $47,283 million and SDRs at $10 million as on February 15.

- UNI

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