Mumbai, Nov 15: India's foreign exchange reserves crossed the USD 93 billion mark following a further rise of USD 613 million due to fresh inflows for the week ended November seven. The country's foreign exchange reserves increased from USD 92,598 million to USD 93,211 million in the period under review, according to RBI’s weekly statistical supplement released here today.
The foreign currency assets grew to USD 89,287 million, up by USD 613 million, it said.
Gold reserves and special drawing rights, however, remained unchanged at USD 3,920 million and USD four million respectively, the apex bank added.
The reserve tranche position (RTP) with the international monetary policy saw a decline of USD 11 million at USD 1,194 million. The RTP may change, from time to time, due to India's transactions under financial transaction plan with the IMF.
RBI said loans and advances for central government maintained their nil balance while that for state governments rose by Rs 1,012 crore at Rs 6,095 crore.
Bureau Report