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INDIA'S FOREX RESERVES CROSS US $120 BLN MARK.

AsiaPulse News

| November 01, 2004 | COPYRIGHT 2004 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

MUMBAI, Nov 1 Asia Pulse - India's foreign exchange reserves surged by US $980 million to cross US $120 billion mark during the week ending October 22, 2004.

Foreign currency exchange reserves for the week under review grew by US $980 million to US $1,20,616 million, the central bank Reserve Bank of India (RBI) said in its weekly statistical supplement released Saturday.

The foreign currency assets were also up by US $966 million to US $1,15,101 million, the RBI said.

The Foreign Institutional Inflows, accretion of funds for NTPC public offer and revaluation of international ...

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