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Forex reserves up at USD 286.723 billion

India`s foreign exchange reserves rose by USD 1.379bn for the week ended Nov 27, to USD 286.723bn compared to USD 285.344bn in the previous week.

Mumbai: India`s foreign exchange reserves
rose by USD 1.379 billion for the week ended November 27, to
USD 286.723 billion compared to USD 285.344 billion in the
previous week.

The foreign currency assets, during the week, stood at
USD 262.449 billion, up USD 571 million, compared to USD
261.878 billion in the week ago, RBI said in its weekly report

Foreign currency assets expressed in US dollar terms
include the effect of appreciation or depreciation of non-US
currencies such as Euro, Sterling, Yen held in reserves, the
report said.

Gold reserves, during the week, stood unchanged at USD
17.5-billion while the special drawing rights (SDRs) jumped to
USD 5.310-billion as compared to USD 5.266-billion in the week
ago, the RBI said.

The country`s reserve position in the International
Monetary Fund rose to USD 1.464-billion from USD 700-million
in the week-ago period, the RBI said.


From Zee News

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