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Forex reserves up at USD 287.37 bn

India`s foreign exchange reserves rose by USD 651 million for the week ended December 4 to USD 287.374 billion from USD 286.723 billion in the previous week.



Mumbai: India`s foreign exchange reserves
rose by USD 651 million for the week ended December 4 to USD
287.374 billion from USD 286.723 billion in the previous week.

The foreign currency assets (FCAs), during the week,
slipped to USD 262.427 billion as compared to USD 262.449
billion in the week-ago period, the RBI said in its weekly
report here.

FCAs, expressed in the US dollar terms, include the
effect of appreciation or depreciation of non-US currencies
such as Euro, Sterling, Japanese Yen held in reserves, the RBI
said.

Gold reserves, during the period under review, jumped to
USD 18.182 billion this week as against USD 17.5 billion in
the last week, while the special drawing rights (SDRs)
declined to USD 5.303 billion from USD 5.310 billion in the
week ago period, the RBI said.

The country`s reserve position in the International
Monetary Fund declined slightly to USD 1.462 billion during
the period, the RBI said.

-PTI

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