| Date: |
12-02-2011 |
| Subject: |
Forex Reserves Up by USD 243 Mn |
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India`s forex reserves increased by USD 243 million to stand at USD 299,415 million on week on week basis as on Feb. 4, 2011 mainly on account of rise in foreign currency assets.
As per the weekly statistical supplement of the Reserve Bank of India (RBI) released on Feb. 11, 2011, foreign currency assets increased by USD 793 million to stand at USD 270,075 million.
However, reserve position in the International Monetary Fund (IMF) decreased by USD 1 million at USD 2,261 million. Special Drawing Rights (SDRs) decreased by USD 3 million at USD 5,155 million. Gold reserves declined by USD 546 million to stand at USD 21,924 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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