Forex level rises by 125 mn

MUMBAI, Dec 19: India8217;s foreign currency assets FCA increased by US 125 million to US 26,679 million during the week ended December 11, 1998. The total foreign exchange reserves were, however, up by only US 71 million to US 29,754 million, as the country8217;s SDRs special drawing rights dwindled by US 54 million to US 34 million.

Gold reserves remained static at US 3,041 million during the week, according to the Reserve Bank of India.