HOME   
   NEWS   
   BUSINESS   
   CRICKET   
   SPORTS   
   MOVIES   
   NET GUIDE   
   SHOPPING   
   BLOGS  
   ASTROLOGY  
   MATCHMAKER  


Search:



The Web

Rediff








Business
Portfolio Tracker
Business News
Specials
Columns
Market Report
Mutual Funds
Interviews
Tutorials
Message Board
Stock Talk



Home > Business > PTI > Report

Forex reserves inch closer to $75 billion

April 05, 2003 13:53 IST

After a dip last week, India's foreign exchange reserves again went up to record highs and were nearing the $75 billion mark during the week ended March 28, 2003.

Increased remittances and fresh inflows saw foreign exchange reserves spurt by $984 million as against a fall of $97 million in the previous week. The reserves now stand at $74,805 million, according to Reserve Bank of India's weekly statistical supplement released on Saturday.

The total inflows for the entire fiscal stood at $20,651 million as against $11,898 million in the previous year, according to RBI.

The foreign currency assets also rose considerably by $984 million to cross the $71 billion mark and stood at $71,076 million.

Gold reserves and special drawing rights remained static at $3,725 million and $4 million respectively, it added.

In the week ended March 28, loans and advances to the central government continued to have a nil balance but that to state governments recorded a surplus of Rs 2,254 crore (Rs 22.54 billion) at Rs 5,459 crore (Rs 54.59 billion), the apex bank said.



© Copyright 2003 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.





Article Tools

Email this Article

Printer-Friendly Format

Letter to the Editor



Related Stories


Forex reserves near $74 billion

Forex reserves decline by $97 mn

Forex reserves dip to $72 bn



People Who Read This Also Read


CDMA Vs GSM - What's in it for you?

Standard deduction limit may go up

Prudential coop bank chief held







HOME   
   NEWS   
   BUSINESS   
   CRICKET   
   SPORTS   
   MOVIES   
   NET GUIDE   
   SHOPPING   
   BLOGS  
   ASTROLOGY  
   MATCHMAKER  
© 2003 rediff.com India Limited. All Rights Reserved.