India's forex reserves up by USD 1.287 bn



India`s forex reserves up by USD 1.287 bn 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 said.

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.

Bureau Report