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India`s foreign currency reserves cross the $ 45 bn mark
India`s foreign currency reserves again crossed the $ 45 billion mark with fresh inflows of $ 149 million at $ 45,128 million for the week ended October 12, 2001.
The reserves had earlier touched $ 45 billion mark in the week ended August 31.
Country's gold reserves remained static at $ 2,925 million and special drawing rights were unchanged at $ four million, RBI said.
For the fortnight ended October five, aggregate deposits in case of scheduled commercial banks rose by Rs 12,028 crore (1.2 per cent) to Rs 10,50,513 crore.
Bank credit increased by Rs 13,183 crore (2.5 per cent) to Rs 5,42,538 crore. Food credit was also up by Rs 1,941 crore to Rs 50,202 crore while non-food credit was up by Rs 11,242 crore at Rs 4,92,337 crore.
Loans and advances by RBI to the central government declined by Rs 140 crore to Rs 7,110 crore while that to the states too decreased by Rs 1,831 crore to Rs 4,713 crore, RBI said.
Bureau Report