| Date: |
25-09-2010 |
| Subject: |
India's Forex Reserves up by $3.23 bn to $287.73 bn |
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MUMBAI: The country's forex reserves rose by USD 3.23 billion to USD 287.73 billion last week from USD 284.50 billion in the previous week, according to RBI data released today.
Foreign currency assets, a major component of the forex kitty, shot up by USD 3.18 billion to USD 260.75 billion in the week ended September 10, the Reserve Bank of India (RBI) data showed.
Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies held in reserves, such as the euro, pound and yen, the apex bank said.
Gold reserves remained unchanged at a little over USD 20 billion, while there was a marginal USD 9 million fall in India's Special Drawing Rights (SDRs) to USD 4.986 billion, the data showed.
The country's reserve position in the International Monetary Fund was also marginally down by USD 4 million to USD 1.937 billion, the apex bank data showed.
Source : economictimes.indiatimes.com
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