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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 ...