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Forex reserves up by $513 million
Mumbai, June 07: India`s foreign exchange reserves crossed the $81 billion mark following inflows of $513 million during the week ended May 30.
Mumbai, June 07: India's foreign exchange reserves crossed the $81 billion mark following inflows of $513 million during the week ended May 30.
Foreign exchange reserves rose by $513 million to touch $81,329 million in the reporting week, according to Reserve Bank of India's weekly statistical supplement released here today.
Foreign currency assets rose by $513 million to $77,939 million, it added.
The rise is mainly due to fresh inflows and revaluation of non-US currencies, including the Euro, against the US Dollar, analysts said.
RBI said gold reserves remained static at $3,389 million. The special drawing rights too remained static at to $1million.
The loans and advances to Central Government grew by Rs 5,167 crore at Rs 14,021 crore while that to state governments declined by Rs 210 crore at Rs 3,822 crore, RBI added.
Bureau Report