Forex Reserves Cross $23 Billion Mark Email this page
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Mumbai, Nov. 21 (NNN): Pushed up by huge overseas investment in stock market and trade inflows, India's foreign exchange (forex)reserves rose further by US dollar 1.31 billion to cross USD 123 billion during the week ended November 12.
According to the weekly statistical supplement of the Reserve Bank of India, Foreign exchange reserves for the week under review grew by USD 1,314 million to USD 1,23,538 million.

The foreign currency assets were also up by USD 1,312 million to USD 1,17,845 million.

Special Drawing Rights and gold remained static at USD five million and USD 4,351 million respectively. India's Reserve Tranche Position with the International Monetary Fund rose by USD two million to stand at USD 1,337 million.

Loans and advances to central government had a nil balance while that to state governments rose by Rs 3,708 crore to Rs 6,191 crore, said the statement.

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