At a time when managing capital flows is becoming a challenge for the authorities, the government is expecting to add $100 billion to the foreign exchange reserves in the current financial year."We added $47 billion last fiscal. In 2007-08, we expect to add $100 billion," Finance Minister P Chidambaram said here today.Foreign exchange reserves was $284.8 billion for the week ended January 19.Chidambaram said the government's response to today's situation would be different from 1991 when forex reserves dipped below a billion dollars."A few years ago, we were bemoaning our forex position. I remember (the) day in 1991... (when) the forex reserves had dipped below a billion dollars. Today, our problem is not that we do not have foreign exchange but what to do with that foreign exchange," he said.Chidambaram had said yesterday that he would discuss with RBI Governor Y V Reddy measures to manage the flow of capital.
