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Home > Business > Business Headline > Report

Forex reserves cross $122 bn

November 13, 2004 19:59 IST

Foreign exchange reserves increased $1.046 billion to $122.224 billion for the week ended November 5, 2004 when compared with $121.178 billion in the previous week, according to the weekly supplement released by the Reserve Bank of India on Saturday.

Foreign currency assets increased $882 million to $116.533 billion. While gold reserves increased $159 million to $4.351 billion, SDRs were unchanged at $5 million.

The Reserve Tranche Position with the IMF was up $5 million at $1.335 billion.



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Sub: Why does rediff always give half news

In you article, you havent mentioned the reasons behind the increase. Was it becasue of rupee being stronger, or increase in exports ... Mangesh


Posted by Mangesh Kulkarni




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