India's foreign exchange reserves slid further by US $ 31 million to US $ 35,602 million during the week ended August 25, 2000 over the previous week.
This was the eighth consecutive week that the country's
forex reserves were showing a declining trend.
The fall in the reserves was solely due to fall in the
foreign currency assets, according to the weekly Statistical
supplement of the Reserve Bank of India.
Gold reserves and special drawing rights, however, were
static at US $ 2,924 million and US $ 2 million respectively.
Foreign currency assets expressed in US dollar terms
included the effect of appreciation/depreciation of non-US
currencies held in reserves, RBI said.
The loans and advances extended by the RBI to the central government during the week ended August 25 were up by Rs 366 crore to Rs 2,056 crore while that to state governments also rose by Rs 343 crore to Rs 2,515 crore as against the previous.
Bureau Report
