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Journalism of Courage
SEPT 16: The foreign exchange reserves of the country declined sharply by US $264 million to US $35,355 million during the week ended September 8, 2000, as compared to the previous week.
The decline was solely due to the fall of US $264 million in the foreign currency assets (FCA) to US $ 32,523 million for the week ended September 8, 2000, according to Reserve Bank of India’s weekly statistical supplement issued here today.
Gold and special drawing rights remained static at US $2,830 million and US $ two million respectively for the reported week as compared to the previous week, it said.
FCA expressed in US dollar terms include the effect of appreciation/depreciation of non-US currencies such as Euro, Sterling and Yen held in reserves, RBI added.
Loans and advances extended by the apex bank to the Central Government stood at Rs 1,859 crore, it said.
