Mumbai, July 26: India's foreign exchange reserves crossed the $84 billion mark following record inflows during the week ending July 18, 2003. The foreign exchange reserves jumped by $844 million and stood at $84,101 million as on July 18.
The country's foreign currency assets swelled by $840 million to reach $80,398 million in the period under review, according to Reserve Bank of India's weekly statistical supplement released here on Saturday.
Analysts said the rise is mainly due to fresh inflows and revaluation of non-US currencies, including the Euro, against the US dollar.
The foreign exchange reserves do not include the country's reserve tranche position with the International Monetary Fund, the central bank added.
Gold reserves remained unchanged at $3,698 million, while special drawing rights saw a rise of $four million and stood at $five million. Bureau Report