Mumbai:
The country's forex reserves have risen by $464 million
to touch $109.596 billion for the week ended March 12,
2004, as against $109.132 billion in the previous week,
according to the RBI.
The
rise in reserves was mainly due to a corresponding rise
in the central bank's foreign currency assets, which also
increased by $464 million to touch $105.404 billion during
the week.
Foreign
currency assets with the RBI reflect the effect of appreciation
or depreciation of non-US currencies such as the euro,
sterling and yen held in reserves.
The
domestic currency ended the week steady at 45.20 per dollar
in an otherwise lacklustre forex market. It remained in
a narrow range throughout the week.
Meanwhile,
according to the weekly statistical supplement of RBI,
gold reserves remained steady at $4.190 billion, while
special drawing rights were at $2 million.
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