Foreign exchange reserves improved by $231 million to $34,257 million for the week ended December 4, 1999, over the week ended November 26 due to the rise in foreign currency assets which rose by $231 million.
The foreign currency assets stood at $31,037 million during the period under review, according to the data released by the Reserve Bank of India (RBI) in its weekly statistical supplement on Saturday.
Foreign currency reserves have risen by $521 million since the beginning of November. For the past few weeks, analysts believe that, the central bank has taken advantage of the calmness in the foreign exchange market and has been constantly mopping up do