Forex reserves up $684 mn to $285 bn
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Last Updated: Friday, October 30, 2009, 20:49
  
Mumbai: India's foreign exchange reserves rose by USD 684 million for the week ended October 23 to USD 285.520 billion from USD 284.836 billion in the previous week.

Foreign Currency Assets (FCAs), during the period, grew to USD 268.348 billion as against USD 267.898 billion in the week ago, the RBI said in its weekly report today.

FCAs, 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 RBI said.

Gold reserves, during the week, stood unchanged at USD 10.316 billion, while the Special Drawing Rights (SDRs) stood marginally up at USD 5.267 billion from USD 5.250 billion in the previous week, the central bank said. India's reserve position in the International Monetary Fund grew to USD 1.589 billion from USD 1.372 billion in the week-ago, the RBI said.

Bureau Report


First Published: Friday, October 30, 2009, 20:49


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