India Forex reserves stay below $300 bln

India’s FX reserves dipped below $300 bln in the last week of CY 2011/ first week of CY 2012 to INR 15.8 tln or $296.688 bln and are now hovering near the INR 14.67 tln or $294 bln mark for 09-Mar. 

Weekly SGL transactions have peaked near INR 2.5 tln and were INR 1.2 tln for the week of 16 March with another $4-5 bln in short term T Bills

O/N borrowing from the RBI window had peaked earlier last month at INR 1.6 Tln



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