Forex Reserves Hit $103.8 Bn

Mumbai, Jan 17: | Updated: Jan 18 2004, 05:30am hrs
Foreign exchange reserves surged ahead by a record inflows of over $1.7 billion to touch $103.82 billion during the week ending January 9. The reserves grew by $1,721 million due to inflows, forex remittances, dollar revaluation vis-a-vis other foreign currencies and stood at $1,03,824 million, the Reserve Bank said here on Saturday.

The forex assets also rose by $1,721 million to stand at $99,606 million, RBI said, adding gold reserves and special drawing rights were static at $4,215 million and $3 million respectively during this period.

PTI