| Date: |
13-09-2010 |
| Subject: |
Forex reserves up $2.5 b |
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Foreign exchange reserves were up by USD 2.486 billion to USD 285.33 billion for the week ending Sep 3, 2010 on account of an increase in the foreign currency assets and gold reserves. The reserves have increased for the second consecutive week.
For the week ended August 27, foreign exchange reserves increased by USD 293 million to end at USD 282.84 billion.
According to figures released in the Reserve Bank of India`s weekly statistical supplement, in the week ended September 3, foreign currency assets were up by USD 1.74 billion to USD 258.39 billion.
Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies.
Gold reserves were up by USD 730 million at USD 20 billion. SDRs were up by USD 14 million to USD 4.995 billion. The Reserve Position in the IMF was up by USD 6 million to USD 1.941 billion.
Source : myiris.com
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