Financial Daily from THE HINDU group of publications
Saturday, Jan 28, 2006
Financial Daily from THE HINDU group of publications Saturday, Jan 28, 2006 |
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Money & Banking
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Forex Forex reserves down $66 m Our Bureau
Mumbai , Jan. 27 FOREIGN exchange reserves fell by $66 million, due to the euro gaining in value against the dollar in the currency basket. According to the Reserve Bank of India's Weekly Statistical Supplement, foreign exchange reserves touched $139.444 billion for the week ended January 21, 2005, against $139.510 billion in the previous week. The fall was mainly due to the dip in the foreign currency assets, which fell by $62 million to touch $133.246 billion. Foreign currency assets expressed in dollar terms include the effect of appreciation or depreciation of non-US currencies such as the euro, sterling and yen. After an outflow of FII funds from the domestic equity market the previous week, the week saw a net inflow of $93.5 million, according to figures from SEBI.
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