Forex reserves up at USD 286.723 billion
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Last Updated: Friday, December 04, 2009, 20:52
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 today.

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.


First Published: Friday, December 04, 2009, 20:52

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