ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Foreign Exchange Reserves

Foreign Exchange Reserves

about the' country's foreign exchange reserves is published by the Reserve Rank is not exactly calculated to make things intelligible to the uninitiated. The Weekly Statistical Supplement to the RBI Bulletin for August 22, 1977 places the RBI's foreign exchange assets (comprising foreign securities of the RBI's Issue Department and bal- ances held abroad by its Banking Department) at Rs 3,110 crores on August 5, showing a rise of Rs 1,120 crores over the preceding 12 months. On the other hand, in the table on money supply the same publication puts the net foreign exchange assets of the banking sector at Rs 3,548 crores on August 5, which shows a rise of Rs 2,016 crores over the preceding 12- month period.

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