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80486607

Report on Forex Reserves as at end March 2008

The Reserve Bank of India has today placed on its website, the tenth half-yearly report on management of foreign exchange reserves with reference to March 31, 2008.

It may be recalled that in February 2004, the Reserve Bank had commenced a process of compiling half yearly reports and placing them in the public domain with a lag of about three months for bringing about more transparency and also for enhancing the level of disclosure. The first such report with reference to September 30, 2003 was released on February 3, 2004.

G. Raghuraj
Deputy General Manager

Press Release :2008-2009/77

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