India`s foreign currency reserves further rose by $361 million to $44,951 million for the week ended August 24, 2001. Foreign currency assets increased by $361 million at $42,176 million in the reporting week, according to the Reserve Bank of India`s weekly statistical supplement here.
Gold reserves stood at $2,771 million, the same level as in last week while the special drawing rights remained unchanged at $4 million, the apex bank said. The foreign currency assets expressed in dollar terms include the effect of appreciation/depreciation of non-US currencies such as euro, sterling and yen.
Loans and advances by RBI to Central government decreased by Rs 259 crore to a nil balance in the week ended August 24, 2001, while that to the state governments fell by Rs 585 crore to Rs 3,812 crore, the apex bank added. Bureau Report