government overdraft comes down
mumbai: the reserve bank of india’s lending to the government as ways and means advances has fallen during the week ended 26 november. according to the weekly statistical supplement published by the rbi, loans and advances to the central government fell to rs 1,407 crore in the week from rs 6,043 crore in the previous week. the decline has been mainly on account of the government’s mobilisation of rs 5,000 crore through an issue of dated securities on 22 november.

the forex reserves of the government have increased from $31 billion to $34.29 billion in the week ended 3 december.