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This is an archive article published on September 24, 2000

Forex reserves down by 94 mn

SEPT 23: India's foreign currency assets fell by 94 million during the week ended September 15 to 32,429 million. According to Reserve...

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SEPT 23: India8217;s foreign currency assets fell by 94 million during the week ended September 15 to 32,429 million. According to Reserve Bank of India8217;s weekly statistical supplement released today, the total reserves were also down by 94 million to 35,261 million.

The special drawing rights were static at US two million while gold reserves were at US 2,830 million.

RBI said foreign currency assets expressed in US dollar terms include the effect of appreciation/depreciation of non-US currencies held in reserves.

Loans and advances extended by the apex bank to the Central Government were up by Rs 337 crore to Rs 2,196 crore while that to State Governments was Rs 642 crore to Rs 3,370 crore.

Aggregate deposits held by the scheduled commercial banks rose by Rs 3,638 crore during the fortnight ended September 8 to Rs 8,64,621 crore.

Food credit extended by the banks during this period fell by Rs 185 crore to Rs 32,45O crore while non-food credit was up by Rs 1,016 crore to Rs 4,30,150 crore.

 

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