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Sunday, Oct 20, 2002

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Forex reserves up $673 m

Our Bureau

MUMBAI, Oct. 19

THE country's forex reserves have risen by $673 million to touch $63.932 billion for the week ended October 11, 2002, as compared to $63.259 billion in the previous week, as per the latest figures released by the Reserve Bank of India (RBI).

Dealers ascribe the rise in reserves mainly to the apex bank's mopping up of excess dollar liquidity in the market on account of steady dollar inflows.

Foreign currency assets rose by $673 million to touch $60.622 billion.

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