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Sunday, December 20, 1998
Forex level rises by $125 mn
ENS ECONOMIC BUREAU
MUMBAI, Dec 19: India'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 country'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. Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
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