The country?s foreign exchange reserves for the week ended August 17, 2007 has decreased by $2.551 billion to end at $226.445 billion from $228.996 billion a fortnight ago. The decrease has come about on account of substantial fall in foreign currency assets and a minor fall in reserve position with the International Monetary Fund (IMF).
The FCA component of the forex reserves dipped by $2.550 billion to $219.103 billion from $221.653 billion while reserve position in the IMF dipped marginally by $2 million to $453 million. The special drawing rights increased by $1 million to $2 million while gold reserves remained at the same level at $6.887 billion.
For the fortnight ended August 3, 2007, the scheduled commercial banks total deposit base increased by Rs 38,940 crore (1.4%) to Rs 27,68,796 crore from Rs 27,29,856 crore a fortnight ago. Demand deposits increased by Rs 16,231 crore to Rs 409,277 crore while time deposit rose by Rs 22,709 crore to Rs 23,59,519 crore for the reporting fortnight. On the advances side, SCBs? total credit size jumped by Rs 15,647 crore (0.8%) to Rs 19,30,103 crore.
