India`s forex reserves up by USD 1.287 bn

Last Updated: Friday, September 11, 2009 - 20:52

Mumbai: India foreign exchange reserves
increased by USD 1.287-billion to USD 277.649-billion for the
week ended September 4 as compared to USD 276.362-billion in
the previous week.

The country`s foreign currency assets rose to USD
261.657-billion, up by USD 1.134-billion in the week as
compared to USD 260.523-billion in the previous week, RBI said
in its weekly data.

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, RBI

During the week, gold reserves rose by USD 157-million
to USD 9.828-billion.

The Special Drawing Rights (SDR) decreased by USD
3-million to USD 4.818-billion in the week as compared to USD
4.821-billion in the previous week, the central bank said.

The country`s reserves position in the international
monetary fund dipped by USD 1-million to USD 1.346-billion as
against USD 1.347-billion in the previous week, RBI said.

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First Published: Friday, September 11, 2009 - 20:52

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