| Date: |
08-11-2010 |
| Subject: |
Forex Reserves up by $2.56 Billion on Gold Revaluation |
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Mumbai, (IANS) India's foreign exchange (forex) reserves increased by $2.56 billion during the week ended Oct 29, to reach a total of $297.95 billion, partly on account of a jump in gold prices.
The value of gold reserves increased by $1.15 billion to $21.68 billion, as prices hit a new high.
Foreign currency reserves, that include US dollar, euro and British pound, among others, increased $1.39 billion to $269.09 billion during the week under review, according to data released by the Reserve Bank of India (RBI).
Special Drawing Rights (SDRs) rose $4 million to $5.182 billion and reserve with International Monetary Fund increased $2 million to $2.013 billion.
Count : sify.com
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