India's foreign exchange reserves declined by $301 million at $82.120 billion during the week ended June 20, 2003, due to the contribution to the International Monetary Fund under the Financial Transactions Plan.

The foreign currency assets fell by $301 million at $78.446 billion during the period under review, according to Reserve Bank of India's weekly statistical supplement in Mumbai on Saturday.

RBI said the supplement shows an increase in India's FTP by $291.17 million and an equivalent amount has been drawn from the FCA, which is reflected for the current week.

The gold and special drawing rights remained unchanged at $3.673 billion and $1 million respectively.

The loans and advances to the central government increased by Rs 4,430 crore (Rs 44.30 billion) at Rs 6,537 crore (Rs 65.37 billion) while that to states fell by Rs 275 crore (Rs 2.75 billion) at Rs 2,214 crore (Rs 22.14 billion), the apex bank said.

Aggregate deposits of scheduled commercial banks during the fortnight ended June 13 increased by Rs 2,791 crore (0.2 per cent) to Rs 13,31,373 crore (Rs 13,313.73 billion) while bank credit declined by Rs 524 crore (Rs 5.24 billion) to Rs 7,30,130 crore (Rs 7,301.30 billion).