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Forex reserves up by $561 mn.


Date: 03-01-2009
Subject: Forex reserves up by $561 mn
 MUMBAI: Foreign exchange reserve increased by 561 million dollars to 254.613 billion dollars for the week ended
December 26.

The forex reserves stood at 254.052 billion dollars in the previous week.

During the week ended December 26, the foreign currency assets (FCAs) went up by $562 million to USD 245.870 billion against $ 245.308 billion in the week-ago period, Reserve Bank of India said in its weekly report here today.

FCAs, expressed in US dollar terms, include the effect of appreciation or depreciation of non-US currencies such as Euro, Sterling and Yen.

The country's gold reserves and special drawing rights (SDR, during the week, stood unchanged at $7.861 billion and $3 million respectively, the central bank said.

India's reserve position in the International Monetary Fund dropped by $1 million to $ 879 million during the week from the previous week, the apex bank said.

Source : The Economic Times


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