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Forex reserves near $74 billion mark
Mumbai, Mar 22: India`s foreign exchange reserves continued to surge ahead and neared the $74 billion mark following fresh inflows of $178 million to touch $73,918 million during the week ended March 14.
Mumbai, Mar 22: India's foreign exchange reserves continued to surge ahead and neared the $74 billion mark following fresh inflows of $178 million to touch $73,918 million during the week ended March 14.
The country's foreign currency assets swelled by $178 million at $70,189 million, according to Reserve Bank of India's weekly statistical supplement released on Saturday.
The foreign currency assets include the effect of appreciation/depreciation of euro, sterling and yen held in reserves, the RBI said.
Gold reserves and special drawing rights remained static at $3,725 million and at $4 million respectively in the reporting week, RBI added.
Loans and advances to the central government continued to have a nil balance but that to state governments declined by Rs 2,010 crore at Rs 4,060 crore for the week ended March 14, the apex bank said.
Bureau Report
The foreign currency assets include the effect of appreciation/depreciation of euro, sterling and yen held in reserves, the RBI said.
Gold reserves and special drawing rights remained static at $3,725 million and at $4 million respectively in the reporting week, RBI added.
Loans and advances to the central government continued to have a nil balance but that to state governments declined by Rs 2,010 crore at Rs 4,060 crore for the week ended March 14, the apex bank said.
Bureau Report