India's forex reserves up by $77 million
Mumbai: India's foreign exchange (forex) reserves increased by USD 77.6 million to USD 295.74 billion for the week ended Jan 27, according to data released by the central bank.
The reserves had decreased by USD 580.3 million to USD 295.67 billion for the week ended Jan 18, 2013.
The foreign currency assets (FCA) - the biggest component of the forex reserves - went up by USD 79.3 million at USD 261.70 billion, according to the weekly statistical supplement released by the Reserve Bank of India (RBI).
The FCA were lower by USD 646.8 million at USD 261.62 billion in the previous week.
The central bank said FCA in US dollar terms included the effect of appreciation or depreciation of non-US currencies held in reserve, such as the pound sterling, euro and yen.
Gold reserves value remained the same at USD 27.21 billion.
The special drawing rights (SDRs) decreased by USD 0.5 million to USD 4.43 billion during the week under review, while reserves with the International Monetary Fund (IMF) went down by USD 0.2 million to USD 2.38 billion.
The SDRs had increased by USD 2.3 million to USD 4.43 billion during the previous week, while reserves with the IMF had went up by USD 64.2 million to USD 2.38 billion.