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Forex reserves fall by $45 million
Mumbai, Sept 21: After witnessing inflows of over $2 billion in the previous four weeks, India`s foreign exchange reserves have recorded a decline of $45 million at $62,021 million for the week ended September 13.
Mumbai, Sept 21: After witnessing inflows of over $2 billion in the previous four weeks, India's foreign exchange reserves have recorded a decline of $45 million at $62,021 million for the week ended September 13.
This was solely due to country's foreign currency assets falling by $45 million at $58,803 million in the reporting week, according to Reserve Bank of India's weekly statistical supplement issued.
For the week ended August 9, the foreign exchange reserves had registered a decrease of $118 million at $60,030 million.
RBI said the gold and special drawing rights remained unchanged at $3,208 million and $10 million respectively in the week ended September 13.
The loans and advances to central government fell by Rs 3,934 crore to Rs 5,732 crore while that to state governments decreased by Rs 396 crore to Rs 3,757 crore, it added.
Bureau Report