Hong Kong Exchange Fund assets at HK$3.76 trln end-March - HKMA

April 28 (Reuters) - Assets at the Exchange Fund, which are

used to back the Hong Kong dollar, totalled HK$3,764.8 billion

($483.95 billion) at the end of March, the Hong Kong Monetary

Authority (HKMA) said on Friday.

The figure was HK$60.2 billion lower than the total at the

end of February, with foreign currency assets increasing by

HK$18.0 billion and Hong Kong dollar assets down by HK$78.2

billion, the city's de facto central bank said in a statement.

The HKMA said the rise in foreign currency assets was mainly

due to the purchase of foreign currencies with Hong Kong

dollars. The decline in Hong Kong dollar assets was mainly due

to the decrease in Exchange Fund Bills and Notes issued but not

yet settled and sale of Hong Kong dollars for foreign

currencies.

($1 = 7.7793 Hong Kong dollars)

(Reporting by Twinnie Siu in HONG KONG; Editing by Biju

Dwarakanath)