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Total foreign reserves up by USD 1.2bn to USD 166.153 bn

Written by: Staff
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Mumbai, Oct 27 (UNI) The Reserve Bank of India in its weekly statistical report stated an increase in the total Forex reserve by US Dollar 1.20 billion for the week ending October 20, the figure has gone up to US Dollar 166.153 billion compared to US Dollar 164.951 billion last week.

The Foreign currency assets too, for the same date went up by US Dollar 1.19 billion to US Dollar 159.304 billion compared to the previous weeks figure of US Dollar 158.105 billion.

Besides, maintaining the best international practice, India's reserve position in the IMF too, for the week ending Oct 20, was up by US Dollar three million to US Dollar 64.6 billion compared to previous weeks figure of US Dollar 64.3 billion.

The total bank credit as on Oct 13 was at Rs 16,43,720 crores, where the Food credit was put at Rs 33,445 crores and the non food credit was at Rs 16,10,275 crores.

Also, the outstandings that accrue out of accommodation provided by the scheduled commercial banks to commercial sector in the form of bank credit and investment shares/debentures/bonds etc as on Oct 13 was at Rs 16,90,917 crores and the variation over the March 31 figures was at Rs 1,45,066 crore.

Loans and advances given to the state governments as on Oct 14 was put at Rs 69 crores, compared to October 06 figure of Rs 477 crores.

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