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Forex
Reserves dip second week in a row
Mumbai: The country's foreign currency reserves
were down by $331 million to $114.07 billion, according
to the Reserve Bank of India's weekly statistical supplement.
The foreign exchange reserves of the country also declined
for the second time in a row by $333 million for the week
ended June 11.
The forex reserves fell during the period under review
from $119.67 billion to 119.34 billion. Last week the
reserves fell by $142 million. The decline in the foreign
currency assets includes the effect of changes in the
value of non-US currencies such as the euro, Sterling
and Yen held in reserves.
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RBI:
No loans outstanding to government
Mumbai: The government had no loans outstanding
with the Reserve Bank of India (RBI) on June 11 compared
with Rs 378 crore on June 4, the central bank said in
its weekly statistical supplement released on Saturday.
Loans and advances to state governments rose to Rs 3107
crore in the week to June 11 from Rs 1837 crore a week
earlier, the RBI said.
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