Mumbai, Nov 01: India's foreign exchange reserves continued to surge ahead to record highs following further inflow of USD 577 million during the week ending October 24, 2003. Foreign exchange reserves rose from USD 91,315 million to USD 91,692 million in the period under review, according to Reserve Bank of India's weekly statistical supplement released here today.
The reserves have gone up mainly due to depreciation of USD vis-a-vis other foreign currencies and fresh inflows.
The apex bank said the foreign currency assets also grew by USD 577 million at USD 87,969 million. Bureau Report