FOREX RESERVES TOUCH
US $ 107.5 BILLION
India's foreign exchange reserves grew
further by $899 million to touch $107.5 billion for the week
ended February 13.
The country's foreign exchange reserves
rose by $899 million to $1,07,506 million in the period under
review, according to Reserve Bank of India's weekly statistical
supplement released here on Saturday.
The foreign currency assets also saw an
increase of $900 million to touch $1,03,215 million, it said.
Forex market sources said the reserves
have gone up due to fresh inflows and revaluation of the US
dollar vis-a-vis other currencies.
RBI said gold reserves remained static
at $4,289 million while the special drawing rights declined
by $1 million to $2 million.
India's Reserve Tranche Position (RTP)
with the International Monetary Fund (IMF) rose by $19 million
to $1,336 million, the central bank said adding, the RTP may
change from time to time due to India's transactions with
the IMF as well as changes in SDR exchange rates vis-a-vis
rupee and the dollar.
The loans and advances to central government
continued with a nil balance while that to state governments
were up by Rs 1,073 crore at Rs 4,918 crore, the RBI added.
Aggregate deposits of scheduled commercial
banks as on February six grew by Rs 14,120 crore (one per
cent) to Rs 14,53,805 crore, the RBI said.
Bank credit increased by Rs 10,829 crore at Rs 8,06,180 crore.
Food credit was down by Rs 218 crore at
Rs 36,468 crore while non-food credit increased by Rs 11,047
crore to Rs 7,69,711 crore, the apex bank said.