| Date: |
06-04-2010 |
| Subject: |
Forex Reserves fall by USD 1.15 bn |
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India`s forex reserves increased by USD 1,151 million to stand at USD 277,042 million as on Mar. 26, 2010, mainly on account of rise in foreign currency assets.
As per the weekly statistical supplement of the Reserve Bank of India (RBI) released on Apr. 2, 2010, foreign currency assets increased by USD 1,090 million to stand at USD 252,75 million.
During the same period, the reserve position in the International Monetary Fund (IMF) increased marginally USD 13 million to stand at USD 1,376 million.
Special Drawing Rights (SDRs) increased by USD 30 million to stand at USD 4,991 million. Gold reserves remained steady at USD 17,920 million.
Foreign currency assets expressed in USD include the effect of appreciation or depreciation on non-US currencies (such as Euro, Sterling and Yen) held in reserves.
Source : myiris.com
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