Forex reserves dip by 14 mn on intervention

The foreign currency assets during the period under review also fell by 18 million to 1,13,900 million, RBI said in its weekly statistical supplement released on Saturday.

Gold reserves remained static at 4,123 million. India8217;s reserve tranche position RTP with the IMF grew by 5 million and stood at 1,298 million.

Loans and advances to Central Government dropped by Rs 7,579 crore to register a nil balance while that to state governments rose by Rs 41 crore to Rs 2,267 crore. RBI said for the fortnight ending August 6, aggregate deposits of scheduled commercial banks grew by Rs 13,236 crore 0.8 per cent to Rs 15,82,649 crore.