labels: rbi, finance - general, economy - general
Forex reserves cross $96 billion news
Our Banking Bureau
08 December 2003

Mumbai: India's foreign exchange reserves have crossed the $96-billion mark in the week ended 28 November.

The country's foreign exchange reserves increased to $96,071 million, despite the government recently prepaying foreign loans aggregating $1.4 billion.

Foreign currency assets rose by $698 million to touch $92,148 million, according to the Reserve Bank of India's weekly statistical supplement.

However, gold reserves and special drawing rights remained unchanged at $3,920 million and $3 million, respectively.

Loans and advances for the central government maintained their nil balance while that for state governments declined by Rs 459 crore to Rs 5,883 crore, the RBI added.


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Forex reserves cross $96 billion