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Foreign exchange reserves rise by $148 mn
Mumbai, Aug 30; The foreign exchange reserves rose by US $148 million at $85,563 million, a record high level, during the week ended August 22.
Mumbai, Aug 30; The foreign exchange reserves rose by US $148 million at $85,563 million, a record high level, during the week ended August 22.
The foreign currency assets increased by $147 million at $81,932 million in the period under review, according to Reserve Bank of India's weekly statistical supplement released on Saturday.
Gold reserves remained unchanged at $3,628 million while special drawing rights at $3 million, registered a rise of $1 million, it said.
Gold reserves remained unchanged at $3,628 million while special drawing rights at $3 million, registered a rise of $1 million, it said.
For the week ended August 15, the country's foreign exchange reserves had jumped by $418 million to cross the $85 billion mark.
In the week ended August 22, loans to the state government were up by Rs 1,348 crore at Rs 5,279 crore while that to central government showed a nil balance, RBI added.
Bureau Report