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Our Bureau

Chennai March 9 India's forex reserves rose $1.5 billion to touch $194.6 billion for the week ended March 2.Reserves have been going up continuously over the past two months. The last fortnight has seen about $8 billion being added.

Stock markets saw net foreign institutional investor inflows of around $0.5 billion during the week under consideration. The first two days (February 26 and 27) saw cumulative FII inflows of about $1.1 billion. But the next three days saw a little over $0.5 billion pulled out.

The rupee weakened a bit during that week, going down by about 10 paise to the dollar to close at about 44.36 for every dollar at the end of that week.Gold reserves were up about $354 million at $6.883 billion, while SDRs (special drawing rights) were at $2 million.

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