Forex reserves rise to record high of $104.24 bn

By siliconindia Mumbai Bureau   |   Monday, 02 February 2004, 20:30 IST
Printer Print Email Email
MUMBAIL: India's foreign exchange reserves rose to $104.23 billion in the week ended January 23 from $103.12 billion the previous week, the Reserve Bank of India (RBI) said in its weekly statistical supplement on Saturday. The RBI said the foreign currency assets expressed in US dollar terms included the effect of appreciation/depreciation of other currencies held in its reserves such as the euro, pound sterling and yen. Foreign currency assets rose to $100,019 million in the week under review as against $98,908 million in the previous week, said RBI.