Mumbai: According to RBI’s weekly supplement, the forex reserves came up by $4.068 billion to touch $266.518 billion, for the week ended November 2, 2007.

RBI’s dollar purchasing to curb the Indian currency (rupee) helped the forex reserves to swell. Forex reserves have been climbing for over two months now.

On persuasions of the RBI involvement, the Indian currency ended flat against the US dollar on Thursday. The forex dealers said that RBI’s interference in the forex market was to dilute a sudden jump in the rupee’s value.

In the same week (ended Nov. 2), the euro made and touched an all-time peak of $1.4480 versus US dollar.

The SEBI’s estimations showed that the total FII inflows into the domestic equity market stood at $ 96.9 million for the same week ended Nov 2, 2007.

According to RBI’s figures, the foreign currency assets also climbed by around $3.635 billion to reach $258.264 billion for the said week.

The country’s gold assets also showed an increase of $444 million to touch $ 7.811 billion. SDRs remained unaltered at $13 million, but, the IMF reserves sank $11 million to $ 430 million during the same week.

For the two weeks ended October 26, 2007, Bank loans climbed up at a slower speed by Rs 6,704 crore to Rs 20,25,879 crore. Food credit posted a decrease of Rs 1,153 crore to Rs 35,866 crore, while the non-food credit augmented by Rs 7,857 crore to 19,90,012 crore.

During the fortnight ended October 26, deposits with commercial banks rose Rs 19,921 crore to Rs 28,77,955 crore, whereas demand deposits fell Rs 4,134 crore.