[lbo-talk] India's forex reserves cross $80-bn mark

[Ulhas Joglekar]

HindustanTimes.com

Saturday, May 31, 2003

India's forex reserves jump $80-bn mark

Reuters
Mumbai, May 31

India's foreign exchange reserves rose to $80.816 billion in the week ended
May 23 from $79.225 billion in the previous week, the Reserve Bank of India
(RBI) said in its weekly statistical supplement on Saturday.

The RBI said the foreign currency assets expressed in US dollar terms
included the effect of appreciation/depreciation of other currencies held in
its reserves such as the euro, pound sterling and yen.

Foreign currency assets rose to $77,426 million in the week under review as
against $75,830 million in the previous week.

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