Forex reserves fall by $135 million

Foreign exchange reserves fell by $135 million for the week ending June 11, 2005.

The forex reserves now stand at $1,38,526 million during the week under review, according to the RBI's weekly statistical supplement released today.

Foreign currency assets also declined by $163 million for the week under review to $1,32,567 million, the RBI said.

The forex reserves dipped by $135 million, compared to $1.16 billion a week earlier.

Gold reserves and Special Drawing Rights were static at $4,376 million and $four million respectively.

The country's reserve tranche position rose by $28 million to $1,579 million, it said.

Loans and advances to the state government declined by Rs 183 crore to nil balance same as that of the central government.