Brazil to keep building reserves - Meirelles

Brazil's central bank will keep buying U.S. dollars in the currency market in a bid to build up international reserves, central bank President Henrique Meirelles told reporters.

Brazil's international reserves, excluding credit with international lenders, have climbed to about $60 billion now from $18 billion at the start of 2003 and the central bank has bought $7.9 billion worth of U.S. dollars this year alone.

``We are continuing our process of accumulating reserves, talking into account liq