India's foreign exchange reserves top $100 bn

India's foreign exchange reserves broke through the $100 billion mark for the first time, on the back of investment and trade flows and the dollar's weakness against other currencies.

"The governor RBI informed me today that India's foreign exchange reserves comprising foreign currency assets, gold and Special Drawing Rights have reached $100.248 billion on December 19," Finance Minister Jaswant Singh said in a statement.

"The RBI has assured me that these forex reserves will, as in the past, c