Forex reserves rise by $741 million
Our Bureau
Mumbai, Jan. 15
India's foreign exchange reserves rose by $741 million to $284.262 billion in the week ended January 8 on the back of increase in foreign currency assets.
In the previous week ended January 1, forex reserves had nudged up marginally by $22 million. Since March-end 2009, India's forex reserves have surged by $32.277 billion.
A break-up of the total forex reserves shows that in the reporting week, foreign currency assets surged by $772 million even as special drawing rights and India's reserve position in the IMF declined by $24 million and $7 million respectively.
Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies.
As on January 8, India's foreign currency assets and gold reserves stood at $259.406 billion and $18.292 billion respectively. Special drawing rights and India's reserve position in the IMF stood at $5.145 billion and $1.419 billion respectively.
Our Bureau
Mumbai, Jan. 15
India's foreign exchange reserves rose by $741 million to $284.262 billion in the week ended January 8 on the back of increase in foreign currency assets.
In the previous week ended January 1, forex reserves had nudged up marginally by $22 million. Since March-end 2009, India's forex reserves have surged by $32.277 billion.
A break-up of the total forex reserves shows that in the reporting week, foreign currency assets surged by $772 million even as special drawing rights and India's reserve position in the IMF declined by $24 million and $7 million respectively.
Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies.
As on January 8, India's foreign currency assets and gold reserves stood at $259.406 billion and $18.292 billion respectively. Special drawing rights and India's reserve position in the IMF stood at $5.145 billion and $1.419 billion respectively.