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Total foreign reserves move up by 959 mn to USD 166.326 bn

Written by: Staff

Mumbai, Sept 1 (UNI) According to the weekly statistical report presented by the Reserve Bank of India (RBI) the total foreign reserves as on August 25, went up by US dollar 959 million to USD 166.326 billion compared to 165.367 billion last week.

The foreign currency assets, as on Aug 25, however declined by USD 4.2 million to USD 158 billion as compared to USD 158.042 billion last week.

Besides, maintaining the best international practice, India's reserve position in the International Monetary Fund (IMF) as on August 25 increased by one million to 76.8 billion compared to the previous week's figure of USD 76.7 billion.

As on August 25 loans provided to the state governments stood at Rs 171 crore.

Total bank credit as on Aug 18 stood at Rs 15,76,145 crore.

Out of this, food credit was at Rs 36,535 crore and the non-food credit was at Rs 15,39,611 crore.

Besides, the outstandings that accrued out of the accommodation provided by the scheduled commercial banks to commercial sector in the form of bank credit and investment shares/debentures and bonds as on August 18 was Rs 73,172 crore. This figure is derived after deducting the March 31 figure of Rs 15,45,851 crore from the August 18 figure of Rs 16,19,023 crore.


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