| Date: |
16-09-2010 |
| Subject: |
Forex reserves up $2.5 b |
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Foreign exchange reserves were up by $2.486 billion to $285.328 billion for the week ending September 3, on account of an increase in the foreign currency assets and gold reserves.
The reserves have increased for the second consecutive week.
For the week ended August 27, foreign exchange reserves increased by $293 million to end at $282.842 billion.
According to figures released in the Reserve Bank of India's weekly statistical supplement, in the week ended September 3, foreign currency assets were up by $1.736 billion to $258.384 billion.
Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies.
Gold reserves were up by $730 million at $20 billion. SDRs were up by $14 million to $4.995 billion. The Reserve Position in the IMF was up by $6 million to $1.941 billion.
Source : thehindubusinessline.com
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